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The Certified Payroll Professional Corner: Worker Status

ThomsonReuters

In our last edition of the Certified Payroll Professional Corner (CPP), we talked about penalties. If you have a few minutes, please click on the link and let us know what you think. If you have a few minutes, please click on the link and let us know what you think. We want to hear from you! Penalties.

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What is IRS Form 941?

ThomsonReuters

Highlight: The IRS Form 941 is one of the most important payroll-related tax returns used by businesses to report employment taxes, including federal income tax withholding, Social Security tax, Medicare tax, and Additional Medicare tax. What is the IRS Form 941? What taxes are reported on Form 941?

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How To Add Health Insurance To S-Corp 2%+ Owner W-2 In Gusto

Nancy McClelland, LLC

As anyone who’s worked with me — clients, team members, colleagues, vendors — knows, I adore Gusto Payroll. They truly changed my life for the better (not to mention the lives of thousands of small business owners) when they decided to create a tech-forward payroll company that seamlessly syncs with QuickBooks Online.

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1099 vs W2: How Should You Pay Your People?

LyfeAccounting

We’ve got an important post for you today, because we’re going to discuss whether you should pay your employees through as a contractor or as a regular wage. This is because selecting between these two options will determine your tax outcomes for both you and your employees. But the biggest task is pay.

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147 Cloud Accounting Software Apps: The Big List

Ryan Lazanis

With 100’s of 3rd party apps integrations as well, automation is what they’re about. And it’s Canadian, so I must support! 14) Expensify Have employees that need expense reports generated? Employees scan their receipts. Below are some of the best cloud accounting software for small businesses. Check Expensify.

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Payroll trends to watch in 2022 (Part 1)

ThomsonReuters

Part 1 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including worker classification, COVID-19 vaccine mandates, and wage and hour. Read part 2 for more 2022 payroll trends. The IRS has some information on its website for employers regarding worker classification.

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Self-Employment Taxes for Small Business Explained

LyfeAccounting

It was recently determined that nearly 30% of Americans are self-employed, and 100% of the self-employed hate paying taxes. So our goal for this post is to demystify the 70,000-page tax code for the self-employed into a simple post that will help you understand what self-employment tax is. What are Self-employment Taxes?

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