FUTA and Form 940 are important payroll concepts related to federal unemployment taxes. Today, we’re going to help employers like you understand FUTA and Form 940. What is FUTA? FUTA stands for Federal Unemployment Tax Act. This nationwide law gives states the framework on which they run their unemployment benefits programs. Basically, FUTA is a nationwide tax act that is ...
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What Are The Advantages of Using Online Payroll?
Online payroll comes with many powerful advantages. Every day, small and medium businesses across the country make the switch. Why make the switch to online payroll? What are the advantages of making the switch? Today, I’m going to explain why so many businesses around the world have made the switch to online payroll. Time Savings With Online Payroll Want to ...
Read More »FreshBooks Review
FreshBooks Features FreshBooks Invoicing & Billing Automatic Invoice Reminders: You can set a due date for your invoices which triggers automatic e-mail reminders for your clients. For late payers, FreshBooks can even automatically add late fees to an updated invoice. Deposit Billing: You can charge a deposit percentage of your total invoice to split costs for the client. Recurring Invoices: ...
Read More »Why Consider Monaco?
Contrary to the belief that Monaco is a costly destination, Monaco is really on a level that has many other European destinations beat, including London. It does, however, offer many more advantages above and beyond other destinations, Because English is widely spoken and understood, this is one of the main the reasons that Monaco is still a popular jurisdiction. The ...
Read More »Why Small Businesses Rely on Online Payroll
Today, online payroll software is the payroll system of choice for small business owners. It’s affordable, easy-to-use, and can grow with your business. These unique advantages make online payroll well-suited for many small business owners and not just the free trials. Instead of relying on your accountant or in-house accounting department, small business owners can free up time, save money, ...
Read More »Paychex Online Payroll Review
Our Verdict on Paychex Online Payroll Paychex is older than most people realize: it was first established in 1971 and is widely regarded as one of the first major payroll services to make in-house payroll software affordable for small businesses. Today, Paychex serves approximately 500,000 small and medium-sized businesses across the country and has 12,000 employees and over 100 office ...
Read More »Sage One Review
Our Verdict on Sage One Editor’s Note: Looking for information on payroll services? Use the questionnaire below and our vendor partners will contact you to provide you with the information you need: Sage One is ideal for smaller businesses and individual enterprises. If your business has more than, say, ten employees, then more comprehensive services like QuickBooks are likely be ...
Read More »Intuit Quicken Review
Intuit Quicken Features Intuit Quicken Budgeting Analyze Spending: There are multiple ways to track your expenses in Quicken. You can compare current and average historical spending, divide your spending into categories, and set spending and saving goals. With its useful customization, you can compare these spending habits to the past 1, 3, 6, or 9 months or compare them to the ...
Read More »Zen Payroll Review
Zen Payroll Features Automatic Tax Filing: Your state and federal payroll tax forms and employee W-2s are all automatically generated and quickly available for review or forwarding to your accountant. Automatically Pay Taxes: You can set ZenPayroll to calculate and pay your state and federal taxes automatically. Free 1099 Forms: Working with contractors is just as easy as it is with ...
Read More »Payroll Acronyms
ACH Automated Clearing House ADA Americans with Disabilities Act AEIC Advanced Earned Income Credit COBRA Consolidated Omnibus Budget Reconciliation Act DBA Doing Business As DOL Department of Labor DOR Department of Revenue EE Employee EEOC Equal Employment Opportunity Commission EFT Electronic Funds Transfer EFTPS Electronic Federal Tax Payment System EIC Earned Income Credit EIN Employer Identification Number ER Employer ERISA ...
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