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payroll


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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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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 […]
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Paying Employees for Travel: What’s Required by Law

March 29, 2018 | posted by Abacus Payroll
Employee Travel What to Legally Pay For
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 […]
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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 […]
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Retain Employees: Steps to Take to Reduce Chances of Payroll Errors

December 21, 2017 | posted by Abacus Payroll
If you aren’t diligent about your payroll process, you might want to start double-checking. According to a recent study, nearly half of all employees will begin searching for a new job after only two payroll malfunctions. While mistakes certainly can happen regardless of caution and preparation, here are a few ways that you can cut […]
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Pay Card Etiquette for Employee Buy-In

July 19, 2017 | posted by Abacus Payroll
Pay Cards for Employees Payroll and Paperless Pay checks
At face value, using a pay card for paperless payroll seems like a no-brainer for both employers and employees alike. However, implementing a pay card system is not without its drawbacks. Before you dive head first into a potentially exclusive system, here’s what you need to know about pay card etiquette.   Pay Cards: Consider […]
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