payroll Archives - Abacus Payroll

Small Business Payroll Tips

September 20, 2022 | posted by Abacus Payroll

There are many key aspects to running an effective and growing small business. For example, if you have employees, ensuring that they are paid properly and on time is a crucial part of a well-run business. Unpaid employees are unhappy employees. Here are some small business payroll tips to help you efficiently manage payroll for […]

Celebrating National Payroll Week 2022

September 8, 2022 | posted by Abacus Payroll

National Payroll Week 2022 Hosted by the American Payroll Association, National Payroll Week (NPW) is an annual highlight of America’s employees and the payroll professionals who pay them. Marked by Labor Day each year, this year’s NPW is being celebrated September 5-9, 2022. While it may seem like direct deposit payments magically appear in your […]

Payroll for Medical, Dental, and Veterinary Practices

| posted by Abacus Payroll

Abacus Payroll Client Specialty Medical Dental Practices

It doesn’t matter if your patients stand on two legs or four, each and every one deserves your undivided attention. Whether a patient entrusts you to cure a life-threatening ailment or administer a wellness check, the last thing in the world you want to be doing while you are working is worrying about the accuracy […]

When to Say Goodbye to Your Current Payroll Provider

April 22, 2021 | posted by Abacus Payroll

Payroll is a must-have for most businesses, but payroll providers are not one-size-fits-all. Whether payroll is an in-house function, or you elect to outsource your payroll, make sure your process is efficient and keeps you compliant with all FLSA, IRS, state, local, and other payroll tax laws. Take a look at your current outsourced vendor […]

Payroll FAQs

February 24, 2021 | posted by Abacus Payroll

What is your payroll FAQ about? Federal Taxes Q: As an employer, what are my federal payroll tax responsibilities for 2021? A: FICA rates require a 6.2% Social Security tax and 1.45% Medicare tax. There is an additional Medicare surtax of 0.9% for incomes exceeding $200,000 to be withheld from each employee’s paycheck. The employer’s match […]

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, […]

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 […]

Paying Employees for Travel: What’s Required by Law

March 29, 2018 | posted by Abacus Payroll

While the line separating work-related expenses and personal expenses can be blurry, delineating between paid and non-paid travel time is its own payroll nightmare. Here are some examples of what does—and what doesn’t—constitute paid travel according to law. Commuting vs. Travelling The first thing you need to understand is the difference between “commute time” and […]

The Tax Cuts and Jobs Act & You: Payroll in 2018

February 7, 2018 | posted by Abacus Payroll

Each year brings new changes in how employers and employees alike must handle the following tax season, and 2018 is no different. Thanks to the recently passed Tax Cuts and Jobs Act, you can expect changes to the way that you handle tax documents, exemptions, tax rates, fringe benefits, and more in the coming tax […]