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Gifts, Employees, and the IRS

April 25, 2018 | posted by Abacus Payroll
Whether or not employers should give gifts to their employees is an oft-debated topic. The ethical side of office gift-giving is up to you, but whatever you decide must also take into account IRS regulations for taxing gifts. Here are a few things you should know about handling gifts for employees, as well as a […]
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Understanding Self-Employment Tax

August 17, 2016 | posted by Abacus Payroll
Self Employment Tax How To
From the outside looking in, self-employment is a pretty attractive prospect: you get to choose your own hours, your office attire can be something as casual as PJs, and your bed and desk can be one and the same. While there are many incentives, these aspects of self-employment fall flat when tax season rolls around. […]
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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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Can I Use Spanish I-9 Forms When Managing My Farm’s Payroll?

August 6, 2015 | posted by Abacus Payroll
I9 Payroll Forms Farms Spanish
Though many websites offer downloadable or online I-9 forms in Spanish as well as in English, the IRS only validates the Spanish version of the form for Puerto Rican citizens, and the IRS requires the English version of the forms from residents of any other U.S. state or territory. Unfortunately, many farm owners make the […]
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