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Subtopics ; Payroll benefits · Information on most common payroll benefits like retirement and workers compensation. ; Run payroll · Make sure you have everything ready for running your payroll. ; Paycheck Protection Program · Government funds to help small businesses pay employees and cover expenses during Covid-19. ; Money movement · Control money movement for direct deposit, bank transactions and secure verifications.
If you're going to handle payroll yourself, here are the very basics you'll need to know. Determine when you'll pay your employees—weekly, bi-weekly, twice a month, or monthly. Employees are usually paid several days after a pay period ends to allow time to calculate hours and withholdings. Most small business customers who use QuickBooks pay their employees weekly. Check with your state labor agency about which pay periods and/or pay days you can use, as laws vary from state to state.
Maximize profits with accurate project costing ; Time tracking made easy ; Pay employees with ease ; Get powerful business insights
Payroll and taxes done right ; Time is money—get more of both ; Manage your payroll and HR needs ; Simplify employee tasks with the Workforce app ; Save time with automated payroll ; Stop worrying about the "what-ifs"
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What are payroll taxes? · New changes to payroll taxes in 2020 to 2021 · Payroll taxes: Where to start · What employees are taxable · The types of payroll taxes you will pay · Federal income taxes · State and local taxes · FICA and FUTA · State unemployment (SUTA) · Self-employment tax rate (SECA) · Payroll tax penalties · How to make calculating payroll taxes easier · Wrapping up
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Almost every business owner would love to be able to say that their company runs at peak efficiency. However, improving your business comes with time, streamlining processes, increased customer satisfaction, and digital transformation in many cases. For many, this means incorporating business process automation (BPA) to solve for time-wasters, from menial tasks to dire pain points. Having the ability to reduce costs and increase revenue via automation is tempting for any busy small business owner, but automator beware, not every task is apt for ...