Category: Payroll Services
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Payroll Tax Changes in 2021: 5 Helpful Tips for Employers
The general makeup of employee paychecks, outside of wages, are federal income taxes, Social Security, and Medicare expenses. One of those, Social Security payroll taxes, is increasing by almost 3.6% to $142,800 in 2021. What does this mean for you as an employer? Compared to 2020, an increase of $5,100 in Social Security payroll taxes…
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Why Outsourcing Payroll Management Will Transform Your Business
Did you know that almost 40% of businesses worldwide outsource at least some of their payroll management? If you own a small business with few employees, you may be able to handle payroll on your own. At least at first. But what happens as your business grows and you add on more employees? Or what…