Payroll Blog

Taking on an independent contractor is different than hiring an employee. There are differences in the forms you must gather, wage reporting, and how you pay contractors vs. employees. So, how do you run contractor payroll if it’s different from paying employees? Read on to learn the answer to that question and more.

S corporations can take advantage of retirement plans. However, there are certain rules you have to follow when it comes to contributions and retirement plans for S corporations. Learn about the various types of retirement plan options for S Corps and how to handle S Corp retirement contributions the right way.

One word, two syllables. And completely unavoidable if you’re an employer. Ah yes, we’re talking about payroll. It’s a pretty common term in the workplace (Don’t forget to run payroll!). But, what is payroll exactly?

Say you have a PTO (paid time off) accrual policy where employees earn hours throughout the year. One of your employees goes on maternity leave, a type of Family and Medical Leave Act (FMLA)-covered leave. She’s gone for 12 weeks. Does PTO accrue during FMLA?

Here’s the situation: Your employee takes a little time off because they can’t physically work. What happens? In some cases, the employee must receive short-term disability insurance benefits. But, that all depends on whether you decide to offer it—or whether your state forces you to due to a state disability insurance program. Does yours? Let’s […]

Ah, the joys of employerhood. Having a team of employees to help grow your business can be a beautiful thing. But, getting the hang of payroll—especially payroll taxes—takes time. Not to mention, a multi-state payroll situation can confuse newbie and established employers alike. What’s an employer to do?

The majority of employers must pay state unemployment insurance (aka SUTA or SUI tax). And if you’re an employer in Minnesota, you’re subject to a few additional taxes, including the Minnesota Federal Loan Interest Assessment. Get the scoop on the assessment, how much it is, and how to calculate it.

There are a variety of ways you may give your employees time off from work. Some of these include paid time off such as vacation, sick, or holiday time. And if you offer holiday time, there may come an instance when a holiday overlaps with a day an employee would already have off from work. […]

When the clock strikes midnight on new year’s, bam! It’s about time to complete Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return. The FUTA tax return differs from other employment tax forms in a few ways. So, how to fill out a 940 tax form also differs. Learn how to fill out Form 940 […]