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taxes


Payroll 101: Handling Finances When Starting A Business

December 1, 2015 | posted by Abacus Payroll
Start up hiring payroll basics
A great idea or opportunity came along and now your dream of starting a business is becoming a reality. Before you start getting products on the shelves, you need to hire a motivated, reliable team. And before you hire your team, you need to understand the basics of payroll.     Taking care of other […]
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Dealing with Holiday Pay and Bonuses without Drowning in Accounting

November 16, 2015 | posted by Abacus Payroll
Figuring out exactly how to calculate, distribute, and account for commodities such as holiday pay and bonuses can be an unadulterated nightmare, especially during the holidays when many small businesses are in their busy months. Without a tax analyst or a payroll specialist to handle the technical details, you’re sure to make a mistake somewhere. […]
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Updating Your W-4 Form: When and Why?

October 26, 2015 | posted by Abacus Payroll
Abacus Payroll W-4 Form
The IRS W-4 Form tells an employer how much to withhold from each paycheck to pay your taxes each Tax Day. You can adjust this amount, which can increase or reduce the amount of a refund you receive the following year. IRS W-4 Forms tell employers how much in taxes to withhold from employees’ paychecks […]
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3 Areas to Assess in a Midyear Payroll Review

July 15, 2015 | posted by Abacus Payroll
It’s hard to believe we are already more than halfway through 2015. While June and July can be slower months for business, it’s an opportune time to assess your company’s processes and perform a midyear payroll review. Following are three actions a business owner, HR specialist, or payroll processor should assess before any problems build […]
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Worker Classification for New Jersey Employers Now as Easy as A-B-C

July 8, 2015 | posted by Mike Engleman, CPA
New Jersey Employers: Familiarize yourself with the A-B-C criteria to avoid worker misclassification tax and payroll issues down the line.
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Top 5 Small Business Tax Deductions in 2015

March 16, 2015 | posted by Abacus Payroll
Small Business Tax Deduction
Taxes are a burden on a growing small business. Many small businesses take a simplistic view on their taxes – they want to know what they owe and pay it as soon as possible. Here are the top 5 tax deductions small businesses should consider in 2015.
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