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.

How to Verify Payroll Tax Payments

September 10, 2019 | posted by Abacus Payroll

Nearly 40% of small businesses outsource payroll to a third-party processor. How can you verify that your payroll tax deposits are being made? While there are many benefits to outsourcing a company’s payroll functions, it’s important to note that employers who outsource payroll are still legally responsible for any and all payroll taxes due. According […]

Restaurant Payroll: Tips on Reporting Tips

September 9, 2019 | posted by Abacus Payroll

If you are like millions of taxpayers in the hospitality and service industries, you may receive tips. The tax code is clear; if you receive tips you must report them as income. Some employers have systems to make this easy, while others do not. It is important to stay organized and keep proper recordkeeping of […]

The Payroll Fraud Schemes Every Business Should Know

August 27, 2019 | posted by Abacus Payroll

According to the Association of Certified Fraud Examiners, nearly 30 percent of businesses are victims of payroll malfeasance, with small businesses twice as likely to be affected than large businesses. Even the smallest of infractions will add up to large costs over a period of time. As a small business owner or payroll administrator, be […]

Biometrics at Work: Rules and Ramifications

August 20, 2019 | posted by Abacus Payroll

Biometric technology is everywhere, and for good reason: It reduces the time it takes for things like clocking in, unlocking phones, and logging into computers to virtually nothing, making it perfect for any efficient workplace. However, like any personal details from your employees, storing biometric information requires caution and transparency if you want to avoid […]

Withholding Updates: A New Form W4 and a New IRS Withholding Tool

August 12, 2019 | posted by Abacus Payroll

11 Questions Your Employees Might Be Asking An important deduction taken from paychecks each pay cycle is the amount of federal tax withholding an employee tells their employer to set aside based on what they submit on their Form W-4. This past tax season was the first under tax reform and new withholding tables, and […]

Make Setting Salaries Easier With These 5 Steps

August 8, 2019 | posted by Abacus Payroll

Whether you are hiring for the first time, filling an open position, or conducting annual performance reviews, finding a salary range that attracts and retains valued employees can be a difficult task. Here are some suggestions to help make the process a bit easier for you and your company: 1. Know what your business can […]

New Jersey Retirement Plan: State-Mandated or In-House?

August 1, 2019 | posted by Abacus Payroll

The state of New Jersey recently implemented a mandatory retirement fund for small business employees, becoming the ninth state to do so. While the plan is employer-friendly insofar as employers don’t have to contribute to it out-of-pocket, there are still some considerations and incentives for using your own in-house 401(k) plan to help your employees […]

7 Tax-Free Ideas to Bolster Your Business Benefits Package

July 24, 2019 | posted by Abacus Payroll

The benefits package offered by your business is extremely important to your employees. How important? A survey performed by the Society of Human Resource Management (SHRM) found that benefits are directly tied to overall job satisfaction for 92 percent of employees. Even more importantly, 29 percent of employees cited the overall benefits package at their […]

The Household Employee Problem

July 18, 2019 | posted by Abacus Payroll

Nanny Tax: This often overlooked bookkeeping and payroll tax requirement can cause a tangle of tax problems if not handled correctly. It ended a run for Congress by Caroline Kennedy (JFK’s daughter) and killed a U.S. Attorney General nominee’s chances for appointment. Could you be impacted? This is what you need to know. Nanny Tax […]

Payroll Penalties and Pitfalls | WORKSHOP

July 12, 2019 | posted by Abacus Payroll

EVENT ANNOUNCEMENT: Together with Alloy Silverstein, Abacus Payroll, Inc. is welcoming South Jersey small business owners and payroll personnel to a free lunch workshop this summer to discuss common payroll errors and mistakes to avoid. Payroll Penalties and Pitfalls With the many tax and labor law changes lately, managing your company’s payroll can get overwhelming quickly. […]