News
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.
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 [...]
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 [...]
IRS Online Resource Helps Businesses & Individuals Understand the Affordable Care Act
New online resource is available from the IRS to help you understand the Affordable Care Act (ACA) and ACA tax implications. IRS Publication 5187
What the New Healthcare Law Means for Your Small Business
Every Thursday, The United States Small Business Administration and Small Business Majority host a free webinar educating small businesses on the impact of the Affordable Care Act (ACA). The webinar topics being discussed are: Small business tax credits Marketplace updates Shared responsibility Cost containment Tools and resources available for small businesses and entrepreneurs interested in learning more about the law A question period will follow. If interested in attending one of these webinars, please visit the registration link below: ACA 101
Quarter End Reminder: 2nd Quarter 2014
We are rapidly approaching the end of 2nd Quarter 2014. The last day of processing for this quarter will be Monday, June 30, 2014. If you have any adjustments that need to be included in this quarter, please submit them to your Account Manager no later than 1:00pm on the 31st. Adjustments may include manual checks written by you, or any checks you may have voided. For our Clients who have "APPLIED FOR" State and/or Unemployment ID numbers, please send them in as soon as you receive them. A $25 charge will be assessed for each missing tax ID number. [...]
