Category: Payroll Preparation
How to Classify Employees, Explained
As a business owner, you might have wondered how to classify employees. Employee classification is important when it comes to federal and state taxes, as well as payroll. Also, it’s a great way to dictate the employee-employer relationship when there are several different types of people working at your business. You want to set clear […]
Accounting for PEO Payroll: What Employers Need to Know
Accounting for PEO payroll is an important part of the payroll preparation process that professional employer organizations take care of for their clients. However, companies still have certain legal responsibilities with regards to accounting for PEO payroll, even when a PEO handles the majority of the payroll process. Keep reading to learn more about PEO […]
How Do You Record Wages When Using a PEO?
Have you ever wondered how do you record wages when using a PEO? PEOs handle all records of wages for you, from payroll taxes to comprehensive reports. For many business owners, keeping track of payroll expenses is costly and time consuming, as it eats away at valuable energy that could be devoted to other aspects […]
Coronavirus Small Business Loans: What You Need to Know
Managing a small business in the midst of an economy reeling from coronavirus is stressful. The Federal Government has recently passed several measures to make more loans available to small businesses. Navigating all of the legalese and provisions of these recent acts, however, can be highly daunting. We’re here to help you sort through the […]
Payroll During Coronavirus: How Pandemic Relief Bills Affect You and Your Employees
If you’re wondering about how payroll during coronavirus is going to function for your small business, you’re far from the only one. This global pandemic has altered the existing structures of companies in countless ways, including the new federal mandates requiring small business owners to give their employees COVID-19 sick and family leave. In this […]
Payroll Taxes for Remote Employees: Everything You Need to Know
Whether your business is growing or you need to alter your work environment during trying times like the coronavirus pandemic, payroll taxes for remote employees is a potential hurdle your business may encounter. Keeping track of your remote employees for payroll reporting can be somewhat confusing, especially as your remote team expands. Understand that payroll […]
A W-4 Form with No Social Security Number & Other Payroll Pitfalls to Avoid
Do you know what to do if your new hire fills out a W-4 form with no Social Security number or there’s a mistake on one of the forms needed for payroll? If you don’t know what to do next, don’t panic. Canal HR has helpful solutions to common payroll pitfalls like this one. As […]
