Make small business payroll service pay for itself

Posted Leave a commentPosted in Accounting, Payroll, Small Business, Tax Planning

Recently I published a series of short blog posts on the topic of payroll processing for small businesses. In summary, I’ve suggested that today’s automated payroll services are a fantastic value but that coördination and oversight by a small business compensation professional helps avoid problems and penalties that stem from miscommunication. I’ve suggested that the […]

Questions about a QSEHRA?

Posted Leave a commentPosted in Health Insurance, Payroll, Small Business, Taxes

(This inform is not updated to reflect 2019 proposed regulations so should be presumed to be partially obsolete). Yesterday I was hired for a single consultation engagement for a small business in Silicon Valley to answer a few simple questions about setting up a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA). This is a simple, […]

Payroll taxes unresolved?

Posted Leave a commentPosted in Payroll, Small Business, Taxes

Do you have payroll reporting requirements for the first time in 2018? Or do you have existing payroll but are not happy with the reporting services? Good news: We can offer payroll takeover retroactive to 1/1/2018 with no setup fees and no takeover fees. That’s the best payroll service deal that you will see all […]

IRS issued more guidance on wage tax withholding

Posted Leave a commentPosted in Payroll, Small Business, Tax Planning, Taxes

Yesterday the IRS issued more guidance on wage tax withholding rules in response to changes triggered by the Tax Cuts and Jobs Act.  Notice 2018-14 provides guidance to both individual taxpayers and employers on tax withholding requirements for wages. One of the most significant changes is the default rate of withholding on bonuses or supplemental wages is […]

Adjusting payroll taxes for 2018

Posted Leave a commentPosted in Accounting, IRS, Payroll, Small Business, Taxes

Once all the political commotion over tax reform settles, what most people care about is “Is my paycheck going up or down?” The problem is complicated by politicians promising a big tax cut on the television news and through social media channels while accountants warn that some people will likely pay more. The end result […]

Small Business Payroll Services

Posted Leave a commentPosted in Accounting, Employee Benefits, Payroll, Small Business

I see plenty of room for improvement is small business payroll processing. About 2 in 5 of all small businesses eventually wind up with problems and penalties due to payroll tax errors. The issue can usually be avoided by ensuring that service is provided by a reputable payroll service that is supervised by a responsible […]