Let’s face it: everybody makes mistakes. So, if you make a mistake on an employee’s Form W-2, don’t panic. Instead, learn how to correct a W-2 form and take action.
Read More How to Correct a W-2 Form If You Make a Mistake (Amend Your W-2)Payroll Reports Articles
Payroll Reports - Tips, Training, and News
What Is Certified Payroll? What to Know If You Land a Federal Contract
Step 1: Land the contract for a federal government-funded job. Step 2: Comply with your certified payroll reporting requirements. What is certified payroll?
Read More What Is Certified Payroll? What to Know If You Land a Federal Contract
Form W-2 Box 1: Why Are Box 1 Earnings Less than Boxes 3 and 5?
You’ve finished distributing Forms W-2. Just when you think you’re done, an employee comes up to you, hands you their form, and asks, Why are my W-2 Box 1 earnings less than my Box 3 and Box 5 earnings?
Read More Form W-2 Box 1: Why Are Box 1 Earnings Less than Boxes 3 and 5?
How to Fill Out Form 944: Step-by-step Guide
All employers are responsible for reporting employee wage and tax information to the IRS. Many employers use Form 941 to report this information each quarter. But some eligible small business owners use Form 944 to report wages and taxes annually instead. Are you one of them? If so, you need to learn how to fill […]
Read More How to Fill Out Form 944: Step-by-step Guide
What’s Your Deposit Schedule for 2024? Look At Your Lookback Period for Forms 941 and 944
Do you know how often you need to deposit federal income, Social Security, and Medicare taxes? You can’t deposit the taxes whenever you feel like. Your deposit frequency is based on a lookback period. So, what is a lookback period?
Read More What’s Your Deposit Schedule for 2024? Look At Your Lookback Period for Forms 941 and 944
A Year-end Payroll Checklist to Finish the Year Strong
As the year comes to a close, you might be gung-ho about all the goals you want to achieve next year. But before you can get the ball rolling in the new year, you must wrap up some things in the current year—including your payroll.
Read More A Year-end Payroll Checklist to Finish the Year Strong
SOC Codes and Mandatory Reporting: Does Your State Want Worker Classification Data?
“What’s your occupation?” Everybody gets this question—at the doctor’s office, when opening a new bank account, etc. People are curious. They want to know what it is exactly you do for a living. And if you’re an employer, the government wants to know what your employees do, too. To find out, federal and state agencies […]
Read More SOC Codes and Mandatory Reporting: Does Your State Want Worker Classification Data?
State W-2 Filing Deadlines [+ Chart]
If you’ve had employees for a while, you know the drill. Every year, you must prepare and send Forms W-2 to the proper parties, which typically includes the state. For on-time reporting, you need to know your state W-2 filing deadlines.
Read More State W-2 Filing Deadlines [+ Chart]
What Is Year-to-date Payroll, and Why Does it Matter?
If you’re a small business owner with employees, a significant portion of your business’s expenses goes toward paying wages. That’s why you should pay attention to your year-to-date (YTD) payroll expenses. What is year-to-date payroll?
Read More What Is Year-to-date Payroll, and Why Does it Matter?
9 IRS Payroll Forms for Small Business
As an employer, one of the biggest responsibilities you have is knowing which payroll forms to fill out. With so many forms out there, it can be difficult to know which apply to your business. Learn which IRS payroll forms your small business must file, due dates, and where to send each form.
Read More 9 IRS Payroll Forms for Small Business
