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.

The CARES Act: Payroll Relief

March 27, 2020 | posted by Abacus Payroll

What employers need to know. On March 27, 2020 President Trump signed into law the Coronavirus Aid Relief and Economic Security Act (CARES Act). The CARES Act is a stimulus bill featuring over $2 trillion in measures designed to make a significant impact on the economy and bring relief to individuals and businesses impacted by COVID-19 or […]

Coronavirus: New Paid Leaves and Employer Payroll Tax Credits

March 23, 2020 | posted by Abacus Payroll

On March 18, 2020, President Trump signed the Families First Coronavirus Response Act (FFCRA) into law. The Act provides taxpayers a range of benefits including paid sick leave, expanded family and medical leave coverage, updates to unemployment insurance, increased Medicaid funding, free coronavirus testing, and new employer tax credits to help business fund these […]

Preparing Your Workforce for an Outbreak Threat

March 10, 2020 | posted by Abacus Payroll

While the Coronavirus, also known as COVID-19, is officially an international pandemic, it’s slowly but surely making its way across the United States. It’s not yet a cause for panic, but it does call for some preparations to keep your company’s workflow running smoothly and your employees safe. Keep in mind that some of these […]

New Form W-4 Creates More Questions

February 20, 2020 | posted by Abacus Payroll

With the major Form W-4 overhaul for 2020, you may field questions from your employees concerning their federal paycheck tax withholdings. While it’s not your responsibility to provide tax advice to your employees, it’s good to be prepared to help answer common questions about the new IRS form. Here is a summary of the W-4 […]

Customizing HR to Best Fit Your Business

February 11, 2020 | posted by Abacus Payroll

If you’ve decided to outsource your business’ HR responsibilities, you may find yourself wondering which options are available—and which ones will work best for your business. Whether you are a small, medium, large or mostly virtual business, Abacus Payroll has some solutions for you. Here are a few different avenues you can take to be […]

New Penalties for Worker Misclassification in New Jersey

January 23, 2020 | posted by Abacus Payroll

News Alert New Misclassification Crackdown

Classify correctly or pay up. New Jersey Governor Murphy signed a package of bills into law this week in an effort to hinder the growing trend of worker misclassification in the state of New Jersey. While you may not find yourself in the percentage of employers who are purposefully misclassifying as a way to avoid […]

Upcoming Small Business Filing Deadline You Don’t Want to Miss

January 21, 2020 | posted by Abacus Payroll

Form W-2s and most 1099-MISCs are Due Jan. 31 If you own your own business or have a side business in addition to your regular job, you may need to send out several IRS forms by Jan. 31 this year. The deadline is for forms you issue to employees and others who were paid as […]

What NJ Employers Need to Know About Employee Salaries in 2020

January 20, 2020 | posted by Abacus Payroll

As a business owner, recruiting, interviewing and hiring new employees is nothing new. However, new state legislation may very well impact your hiring process—and the penalties of not abiding are costly. In an effort to strengthen equal pay protections for Garden State workers, two bills have gone into effect: 2018’s New Jersey’s Equal Pay Act […]

Stop Making These 8 Payroll Mistakes

January 15, 2020 | posted by Abacus Payroll

Payroll mistakes are messy, and they rarely resolve themselves expeditiously; in fact, more than one payroll error in a year can result in employees seeking alternative employment. Additionally, making a mistake with your payroll can cost your company countless hours—and dollars—to resolve. If you’d like to hold onto your employees and avoid hefty legal fees, […]

Avoid Misclassification: Understand Independent Contractors

January 9, 2020 | posted by Abacus Payroll

The seemingly simple question of “employee or independent contractor?” is often the subject of many complicated and costly audits. As the gig economy continues to grow, employers should familiarize themselves with the distinct characteristics of which is which in order to steer clear of misclassification penalties. The best way to avoid misclassifying workers is to understand […]