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.

New Retirement Plan Rules Impact Small Businesses

February 27, 2023 | posted by Abacus Payroll

In the final days of 2022, Congress passed a new set of retirement rules designed to facilitate contribution to retirement plans and access to those funds earmarked for retirement. The law is called SECURE 2.0, and it is a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act passed in 2019. The […]

Are You a Contractor or Employee?

February 21, 2023 | posted by Abacus Payroll

Are you an independent contractor or an employee? As the pandemic continues, many long-time employees are now picking up jobs as contractors. In the meantime, states like California are trying to force the definition of employees upon companies. Getting it wrong could cost you plenty in the way of Social Security, Medicare taxes, and other […]

Haven’t received your Form W-2 yet? The IRS can help

February 7, 2023 | posted by Abacus Payroll

It’s tax time, and you need your Form W-2, Wage and Tax Statement, to file an accurate federal tax return. If your employer hasn’t sent you the form yet, contact them and ask for a copy. Make sure they have your correct address. If you’re unable to get your Form W-2 from your employer, contact […]

8 Areas to Evaluate in Your Employee Handbook for 2023

January 23, 2023 | posted by Abacus Payroll

Looking at the state of the workforce today in 2023, so much has changed and evolved in the past three years. Has your small business’s Employee Handbook evolved with the times? There have been both major and minor updates to labor and employment laws at both the state and federal levels. To consistently enforce policies, […]

Wearable Devices at Work: Are Smartwatches Part of a Company’s Cell Phone Policy?

January 16, 2023 | posted by Abacus Payroll

Did you receive a smartwatch during the holidays this year? While they are a fun tech gift to most, for others they may raise issues and impact the safety procedures and cell phone policies at their business. Depending on the company’s industry, smartwatches can actually cause complications when it comes to the traditional cell phone […]

Pregnant Workers Fairness Act (PWFA): What Small Businesses Need to Know

January 12, 2023 | posted by Abacus Payroll

In late December 2022, President Biden signed a new spending bill into law which included the newly founded Pregnant Workers Fairness Act (PWFA) and Providing Urgent Maternal Protections (PUMP) Act measures to federally protect pregnant workers and nursing mothers in the workplace. As the owner of a business, stay up-to-date on these new protections to […]

Avoiding W-2, W-3, and 1099 Mistakes in 2023

January 11, 2023 | posted by Abacus Payroll

Accuracy is important, and this is doubly true when submitting your company’s payroll at the end of the year, but with so many forms to keep track of, mistakes are hard to avoid. The start of a new year is the perfect time to start new practices to ensure that your forms are in order […]

Looking Back to Move Ahead: 5 Questions Small Businesses Should Ask in January

January 6, 2023 | posted by Abacus Payroll

The start of a new year is often celebrated as a time for introspection and resolutions. As a business owner, this concept can carry over to the professional realm as well. Take this time to reflect back on the past 12 months of your business’s activities and performance. What can you learn from those wins […]

Reduce Your Payroll’s Administrative Burden for 401(k) Plans

December 29, 2022 | posted by Abacus Payroll

In March of 2019, NJ Governor Phil Murphy signed the New Jersey Secure Choice Act which authorized the creation of the Secure Choice Savings Program. This plan is a state-sponsored retirement plan that is designed to help more employees save and be prepared for the future. It requires that employers with 25 or more employees […]

The Year Ahead: 2023 Payroll Tax Deadlines

December 22, 2022 | posted by Abacus Payroll

The new year is right around the corner and so are upcoming tax payroll filing deadlines for employers. Even if you outsource payroll, it is the employer’s responsibility to keep track of the deadlines and ensure that payments are being submitted on your behalf. Payroll and Business Tax Deadlines for 2023 Here are the upcoming […]