Every business needs to process payroll. However, most business owners and managers don’t have the highly specialized expertise, software, or time necessary to process payroll accurately and comprehensively. There is no shame in leaning on the payroll processing experts to do this work on your behalf. In fact, it is in your interest to do [...]
About America's Preferred PayrollThis author has not yet filled in any details.
So far America's Preferred Payroll has created 12 blog entries.
It was not long ago when most Americans worked for the same employer for a decade, several decades, or even the entirety of their career. My, how times have changed! Today, people change jobs as frequently as they change hairstyles. In fact, some people have completely shifted out of traditional employment roles, choosing to [...]
In many countries, health care benefits aren't tied to employment. But in the United States, many companies provide extensive healthcare benefits — general insurance, vision, dental, Health Savings Accounts, and more. There are a number of reasons why companies offer healthcare benefits, often relative to the company's size and industry.First: It Makes the Company More [...]
When you cut a paycheck, there are a lot of deductions. There are federal taxes, state taxes, unemployment insurance taxes, and more. Federal taxes tend to be the biggest chunk, but Florida's payroll tax is a little different. Let's take a look at Florida's payroll taxes and how they compare to others on a [...]
Government grants, loans, deferments and other resources available to your business in 2021 as a result of Covid
Many businesses were caught off-guard by COVID-19. With the average business having less than a month of cash reserves at hand, it's understandable that many companies are hurting. But as this has been a tumultuous time, there are also many grants, loans, deferments, and other resources available. The Stimulus Package For companies, the stimulus [...]
Are you struggling with your payroll services every month? Payroll services are one of the most complex accounting functions that most business owners complete — and many business owners could be using their time and effort better in other areas. Rather than spending your time calculating hours and timesheets, you can instead outsource it [...]
There's no arguing that many Tampa area businesses are hurting economically right down. Repeated closures, shutdowns, and a population in quarantine have made it difficult for most businesses to operate — even those that aren't service-oriented. But the businesses that have survived in 2020 are going to see a better 2021, they just have to [...]
Payroll taxes are the taxes that are withheld from your employee’s paychecks and are the taxes you are required to pay as an employer based on your employee’s wages. These taxes include: Social Security and Medicare Federal and State Unemployment Federal and State Personal Income Tax Other State Taxes Understanding Payroll Taxes Social Security [...]
Tax season may be over, and you may not want to think about it until you have to next year. But what if we told you there was a way to make your next tax season less stressful and easier to get through? Too often businesses put off dealing with tax season until it is [...]
If you are a business owner, then you are quite familiar with payroll taxes – or at least you should be since all business owners are legally obligated to withhold payroll taxes. Failure to do so can cause additional fines and penalties to be charged against you. If you are not currently a business owner [...]
We have had an uptick in questions regarding the Form W-4 and the changes that were enacted December 2017. To help our clients and others keep up with the changes in withholding that was a part of the tax reform signed into law back in December, here is a quick guide to resolve any questions [...]
If you are considering hiring a household employee or have already done so, there is more to their employment that many people may realize. In addition to the salary you pay to your employee, you will also be responsible for withholding federal and state taxes as required by law. Household employees can include:NannyButlerCookHousekeeperGardener/LandscaperPrivate Nurse or [...]