Tag: payroll service
-
Workers Comp Costs: Advice for Small Business Owners
For something that’s mandatory in most states, workers compensation insurance is not very well understood. This makes perfect sense since there are a number of moving parts — some of which you have no control over. Most states require business owners to carry workers comp insurance even if they only have one employee. This may…
-
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…
-
HR Trends 2021: What Should Employers Expect This Year?
Let’s face it: There’s not going to be much to miss about 2020. No doubt you (and every single one of your employees) breathed a sigh of relief as you hung a new 2021 calendar on the wall. In fact, experts have already stated that 2020 is likely to be the most difficult year most…
-
Workers Comp Headaches? How Employee Leasing Companies Can Help
Did you know that workers’ comp coverage is legally required in 49 states? (Texas is the one exception, although it’s still strongly recommended). Workers’ compensation is a frustrating (and often overlooked) aspect of running a business. Finding and paying for coverage creates added demands on you, the employer. Then there’s compliance, claims, year-end audits, and…
-
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…