It’s always a good idea to have a plan if something goes wrong. If your payroll software begins to malfunction, who will you call upon to fix the problem? If you can’t figure out how to add the new hires you’re onboarding to the payroll system, who will you call for help?
Wage garnishments Again, all of this should be up-to-date in your payroll register. But, if you have doubts about the accuracy of that information, check your employee’sForm W-4to confirm their withholding amounts with your payroll reconciliation report. ...
Falling behind on your loan or credit card payments is never a pleasant situation to be in. You're probably wondering how this may affect your tax refund. Watch this video to find out more about how judgments can affect your tax refund.
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Any additional withholding from employee paychecks, such as 401(k) contributions, flexible or health savings accounts, or child support garnishment. Should I keep payroll in-house or outsource? Payroll processing definitely takes time and attention to detail—even when you use a payroll service provi...
If you cannot pay bills, you may end up in debt. This can lead to wage garnishment, liens against your business or property, or even bankruptcy. Is it better to pay bills early or on time? It’s always better to pay up early. If you can’t pay all of them at once, try to at...
You may also have other payroll tax liability requirements to consider. This can vary based on the type of worker you run payroll for and whether they owe any debts that may require wage garnishment. You will know if this is the case as you should receive detailed information from the feder...
Next, choose the legal structure of your business entity. Are you better off as asole proprietor? Do you have a partner? Do you plan to incorporate your business? You're never too small to feel more stable With competitive APY, no monthly fees, and seamless payments—QuickBooks Money works...
Let’s say you have all the equipment and staff to film the story but want to add computer graphics. That’s where a partnership with another production company with those capabilities makes sense. Cross-promotions If two businesses have similar target customers, it often makes sense to partner...
Employees can also have wage garnishments or live in another state and pay different tax rates. In the example below, we’ve broken deductions into three parts: pre-tax deductions, taxes, and additional deductions. 1. Start with the employee’s gross pay. In this case, we’ll use the...