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.

Managing Overtime: 7 Common Questions

October 3, 2019 | posted by Abacus Payroll

Despite its frequent usage across occupations, overtime remains an elusively curious phenomenon from a payroll perspective—especially if you’re new to calculating your own company’s payroll. Overtime is expensive to maintain and even pricier to screw up; for that reason, we’re addressing some of the most common questions you’re likely to have about overtime so that […]

Tax Season Lessons: The Importance of a Paycheck Checkup

October 1, 2019 | posted by Abacus Payroll

In years past, the IRS has encouraged taxpayers to double-check their form W-4s to ensure that they’re paying the right amount in taxes—often to no avail. Even if you haven’t suffered the repercussions of an out-of-date W-4, here are a few steps you can take to make sure you don’t have an unexpectedly high tax […]

DOL Announces Final Overtime Rules for 2020

September 26, 2019 | posted by Abacus Payroll

After several years of attempting to get proposed overtime changes off the ground, the U.S. Department of Labor announced on September 24, 2019 a final rule to make 1.3 million additional American workers eligible for overtime pay. The new provisions update the Fair Labor Standards Act’s (FLSA) regulations and minimum salary thresholds in which executive, […]

4 Benefits of Outsourcing HR

September 24, 2019 | posted by Abacus Payroll

A human resources department is one of the most crucial—and chronically overworked—sections of any successful business, but the fact of the matter is that not every business is large enough to warrant a full-time HR team. If this is the case for you, it’s still possible to reap the benefits of a fully functional HR […]

Wage Theft Act Enacted in New Jersey

September 23, 2019 | posted by Abacus Payroll

On August 6, 2019, the New Jersey Acting Governor, Sheila Oliver, signed into law the New Jersey Wage Theft Act (the “Act”), which modifies New Jersey’s existing wage and hour laws to protect employees from unfair pay practices. The Act is one of the strongest anti-theft protection laws in the U.S. and has gone into […]

2020’s HR Landscape for New Jersey Employers

September 19, 2019 | posted by Abacus Payroll

The coming year is set to usher in quite a few large-scale changes for businesses of all sizes in New Jersey, so starting your preparations now will help keep your workplace compliant and employee-friendly. Here is a round-up of the main things for which you’ll want to update your HR section come 2020. New […]

5 Tips for Smarter Payroll Outsourcing

September 11, 2019 | posted by Abacus Payroll

It’s no secret that in-house payroll can be a time-consuming headache for employers. Outsourcing payroll has many benefits, from increased productivity and enhanced security to peace of mind that your employees are paid timely and accurately. The most important part of outsourcing, however, is working with a reputable provider. Since your company’s payroll tax responsibility […]

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 […]