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Small Business Payroll Guide

From Healthcare reform and technology developments to HR issues facing small businesses just like yours , let us keep you up-to-date on all things payroll.

Look through our FAQs to find straight forward answers to commonly asked tax and payroll questions. Use our tools and calculators to make simple tax and pay calculations.

Still can’t find the answer? No problem. Ask Abacus gives you the opportunity to pose those vexing questions to our payroll and tax experts.


Leap Year 2016: Does an Extra Day Affect Payroll?

February 4, 2016 | posted by Abacus Payroll
Leap Year Payroll Help February
2016 is another Leap Year. How does adding February 29 to the calendar affect payroll, pay day, paychecks, and more at your small business? Read on to find out.     Despite the leap year’s clockwork appearance every four years, employers always seem to struggle with the idea of an extra day on payroll. For […]
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Always on the Menu: Restaurant Payroll Challenges

January 28, 2016 | posted by Abacus Payroll
Restaurant Payroll Tips
When you dream of opening a restaurant, running payroll isn’t always the first concern. However, restaurant payroll has it’s own challenges and obstacles that employers need to be aware of.     The restaurant scene can be chaotic at best. Even if you forget the factor of newly trained employees and the resulting record errors, […]
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Overtime Pay Facts

January 19, 2016 | posted by Abacus Payroll
Overtime Image Abacus Payroll
Overtime is easily one of the biggest logistical nightmares that employers face. Between tax ramifications, employee classifications, and payroll balancing, you have a lot on your plate when you sit down to calculate overtime. Amidst the chaos of an altered workweek, it can be hard to keep track of the factors involved.   Here are […]
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Local Income Tax: What is it?

December 29, 2015 | posted by Abacus Payroll
Payroll - Local Income Taxes
Local income tax may seem like the proverbial salt in the wound left by normal taxes, but like it or not, it’s becoming increasingly common. Based on the county or area in which one lives, local income tax is often quite low—ranging from about one to three percent of an individual’s income—and it can serve […]
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The Ins and Outs of Payroll Frequency

December 18, 2015 | posted by Abacus Payroll
Payroll Frequency - Abacus Payroll NJ
One of the biggest mysteries in payroll management is frequency. While you design the system that works for your company, you have to consider how often you want to pay your employees, what the perks and drawbacks are of each method, and the tax implications resulting from each design. The following is a basic breakdown […]
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How to Pay Freelancers

December 9, 2015 | posted by Abacus Payroll
Payroll How to Pay Freelancers
As an employer, there may come a time when you decide to hire a third party to take care of an independent or extraneous project. Freelancers or independent contractors often provide a cost-effective, short-term solution to an otherwise costly problem, but paying them can be tricky. While it may be tempting to go off the […]
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Payroll 101: Handling Finances When Starting A Business

December 1, 2015 | posted by Abacus Payroll
Start up hiring payroll basics
A great idea or opportunity came along and now your dream of starting a business is becoming a reality. Before you start getting products on the shelves, you need to hire a motivated, reliable team. And before you hire your team, you need to understand the basics of payroll.     Taking care of other […]
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All About the Department of Labor’s Proposed New Overtime Laws

November 20, 2015 | posted by Abacus Payroll
New Federal Payroll Overtime Law
Current overtime exemption laws can be unfair at best. With a salary test of $455 a week—or $23,660 per year—the average exempt employee often works uncompensated overtime whilst living below the familial poverty line; as a result, white collars employed in managerial positions or computer sales are getting stuck with outrageously long workweeks and nothing […]
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Dealing with Holiday Pay and Bonuses without Drowning in Accounting

November 16, 2015 | posted by Abacus Payroll
Figuring out exactly how to calculate, distribute, and account for commodities such as holiday pay and bonuses can be an unadulterated nightmare, especially during the holidays when many small businesses are in their busy months. Without a tax analyst or a payroll specialist to handle the technical details, you’re sure to make a mistake somewhere. […]
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5 Common Payroll Mistakes Business Owners Make

November 10, 2015 | posted by Abacus Payroll
5 Common Payroll Mistakes
Statistics reveal that nearly 40 percent of small businesses experience an average of $845 a year in IRS penalties due to preventable payroll processing or tax management mistakes. Not surprisingly, many of those errors result from small mishaps and minor mistakes that add up to very expensive issues. Here are some of the most frequent […]
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