Stop the Payroll Madness

Wouldn't you prefer to have your payroll processed by a local company with helpful staff? Where a live person always answers the phone? Where your needs come first and solutions are timely? Where your fees are fair and understandable? We offer the very finest in payroll processing. Please call us at 704-921-2730 to discuss more about DirectPay Payroll.

By |2021-06-30T14:42:31+00:00June 30, 2021|Payroll Services|Comments Off on Stop the Payroll Madness

How to Make Payroll & Taxes Easy in 2019

As a business owner or manager, there are two things that create particular stress points in connection with room for error, financial loss, and legal liability: payroll and taxes. Did you know payments to part-time, full-time, or contract workers are deductible, but that if you use taxes withheld from employees to fund your operations, you are personally liable for paying back the IRS with possible added penalties? Common Payroll Mistakes: Setting up your payroll incorrectly Falling behind on tax payments and filings Miscalculating overtime Running payroll too late Forgetting to keep records Bad bookkeeping Common Tax Preparation Mistakes: Incorrectly reporting [...]

By |2019-02-26T14:50:57+00:00February 26, 2019|IRS Information, Payroll Services, Payroll Tax Regulations, Taxes|Comments Off on How to Make Payroll & Taxes Easy in 2019

Employee or Independent Contractor – Why Classification Matters

The Department of Labor and the Internal Revenue Service have joined together in an initiative to end the practice of misclassifying employees as independent workers or contractors. Millions of workers are misclassified as independent contractors instead of employees, which represents millions in lost payroll tax payments that are used to pay for programs such as Social Security and Medicare. If violations are reported, an employer could be subjected to penalties that include 20 percent of all the wages paid, plus 100 percent of the FICA taxes (employer and employee share) as well as criminal penalties up to $1,000 per misclassified [...]

By |2018-08-29T16:39:15+00:00August 29, 2018|IRS Information, Payroll Services, Payroll Tax Regulations|Comments Off on Employee or Independent Contractor – Why Classification Matters

2012 FUTA Credit Reduction States

The IRS has released a list of states that have defaulted on their 2012 Federal Unemployment Insurance Loans causing employers in these states to owe additional FUTA tax for the tax year 2012. The following are the FUTA tax rate increases for the affected states and credit reductions: Arizona 0.3% Arkansas 0.6% California 0.6% Connecticut 0.6% Delaware 0.3% Florida 0.6% Georgia 0.6% Indiana 0.9% Kentucky 0.6% Missouri 0.6% Nevada 0.6% New Jersey 0.6% New York 0.6% North Carolina 0.6% Ohio 0.6% Rhode Island 0.6% Vermont 0.3% Virgin Islands 1.5% Wisconsin 0.6% This rate will be applied to the 1st $7,000.00 [...]

By |2012-12-04T16:51:51+00:00December 4, 2012|IRS Information, News From DirectPay Payroll, Payroll Services, Payroll Tax Regulations|Comments Off on 2012 FUTA Credit Reduction States

Super Size Your Social Security Benefits!

  What are the best ways to maximize your Social Security benefits? The Social Security Administration doesn't give case-specific advice to individuals, so it's up to the individual worker to know the rules and do the proper research. For example, writing on the Bankrate.com website, Jennie L. Phipps describes some keys to getting the most out of Social Security: (1) Wait a while. At age 70, the monthly benefit is 76 percent higher than it would be at age 62 and 32 percent higher than it would be at age 66. (2) But then again....Doug Carey, founder of the financial [...]

By |2012-09-24T01:38:21+00:00September 24, 2012|Payroll Services, Taxes, Uncategorized|Comments Off on Super Size Your Social Security Benefits!

Trouble Making Payroll in a Tough Economy – Could Vacations be the Answer

Making payroll is always a top priority. But for many companies during the economic difficulties of the last few years, payroll has been an ongoing concern every pay period. Creativity and loyalty to staff members has given many company leaders the incentive to find alternative ways to make payroll, rather than laying off valuable, dependable workers. In October 2008 the Society for Human Resource Management (SHRM) conducted a survey that examined paid leave policies and practices in the workplace. The survey was intended to help answer questions and propose potential solutions to help businesses stay viable and employees stay engaged [...]

By |2012-09-17T11:13:55+00:00September 17, 2012|Human Resources Information, News From DirectPay Payroll, Payroll Services|Comments Off on Trouble Making Payroll in a Tough Economy – Could Vacations be the Answer

When is Outsourcing Payroll A Necessity?

Even the most savvy entrepreneurs sometimes have a difficult time keeping up with payroll taxes.  According to howstuffworks.com, payroll taxes can create trouble, because “Complicated tax forms must be filled out and filed on an annual, quarterly, sometimes even weekly basis. Missed deadlines and improper tax filings can result in steep fines and even jail time.” A business owner managing payroll can be a huge time waster. That’s bad for the owner and bad for the company. Sitting in the office staring at a calculator cuts down on the time an owner can spend investing work into their business. Small [...]

By |2012-09-10T16:22:13+00:00September 10, 2012|News From DirectPay Payroll, Outsourcing Payroll, Payroll Services, Payroll Tax Regulations, Taxes|Comments Off on When is Outsourcing Payroll A Necessity?

How Could Outsourcing Payroll Save A Company’s Healthcare Budget? And More?

Businesses save money by outsourcing payroll, but exactly how? The obvious answer is that outsourcing fees are less than the cost of paying in-house payroll staff member salaries and benefits. But there are other savings created by outsourcing that are less obvious. While it’s true that hiring fewer payroll staff members keeps individual salary budgets in check, an indirect result of this is also beneficial: keeping the company size classification in check. The federal healthcare law requires employers with 50 or more full-time workers to provide healthcare insurance to employees by 2014 or pay a penalty. So what if a [...]

By |2012-09-04T13:25:09+00:00September 4, 2012|Outsourcing Payroll, Payroll Services|Comments Off on How Could Outsourcing Payroll Save A Company’s Healthcare Budget? And More?

Salary Discrepancy Between Men and Women

Salary discrepancy between men and women.The salary gap between men and women in the U.S. has closed significantly in the last 50 years. But despite a generation or so of serious attention to the issue, there’s still a long way to go to achieve the elusive goal of equity.  “These differences aren’t going to go away overnight,” said Dr. Nancy Bush, a marketing professor at Wingate (N.C.) University, noting that equal pay for men and women was part of the Republican platform during the 1956 re-election campaign of President Dwight D. Eisenhower. Men earned as much as 40 percent more [...]

By |2012-08-27T11:23:09+00:00August 27, 2012|Human Resources Information, News From DirectPay Payroll, Payroll Services|Comments Off on Salary Discrepancy Between Men and Women

Dating In the Workplace: Fifty Shades of a Legal Debacle?

Dating in the workplace: Legail Debacle or Life Changing Romance!For those enthralled in the best seller Fifty Shades of Grey, a workplace romance might seem like a positive next step in life (or in the workplace) but the reality is not that sexy.  For employers it may prove to be an untidy and expensive embarrassment. All too often what starts as a common interest in another person can end up in a messy sexual harassment law suit.  Sexual harassment is defined legally as a coercive tradeoff where job benefits are exchanged for sexual favors.   It is illegal under the Title [...]

By |2012-08-19T20:59:04+00:00August 19, 2012|Human Resources Information, Outsourcing Payroll, Payroll Services|Comments Off on Dating In the Workplace: Fifty Shades of a Legal Debacle?
Go to Top