Common Employee Classification Mistakes That Can Cause Tax Penalties

Sometimes, employee classification isn't as easy as it sounds. You may wonder whether to classify a worker as an independent contractor or an employee, because their role seems to be a mixture.  Misclassifying employees can seem like an honest enough mistake, but it can result in tax penalties that will harm your firm.  These are a few common employee classification mistakes that you can avoid.  Classifying as Employee or Independent Contractor The biggest question when it comes to classification is whether a worker…

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When Should You Use a Payroll Service?

When Should You Use a Payroll Service? Almost 80 percent of business owners say they find it difficult to stay on top of payroll. Many wish they could outsource the payroll services, especially since it can eat up so much time. Despite that, many business owners opt to keep their payroll in-house. They may believe it’s cheaper than outsourcing. They might worry that another team won’t take as much care. There’s a point when it makes sense to hire a payroll service,…

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Administrative Service Organizations

For some companies, outsourcing administrative and human resources tasks may be more efficient than handling them in-house. For others it may even be necessary due to a lack of time, resources or expertise. Consider the advantages of administrative service organizations (ASO) if you want to outsource employment-related tasks. What is an ASO? Administrative service organizations provide administrative and human resources services for its clients. This is a simple way to outsource tasks that can be more efficiently handled outside the company. ASOs…

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Payroll 101: How to Outsource Payroll

Managing payroll is one of the fundamentals of running a small business with employees. It's also one of the most arduous tasks, which is why most businesses like to outsource payroll. Hiring a professional to take care of your payroll used to be a much more expensive affair. Today, there are tons of payroll outsourcing companies that tailor their services to smaller businesses. If you're thinking about outsourcing your payroll so you can focus on the other fundamentals of your business but aren't sure…

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Payroll 101: Calculating Payroll Liabilities

Are you interested in calculating payroll your liabilities? Well, that can be quite a daunting activity, but that's only if you don't know what you're doing. On-premise, tax liabilities come in a variety of forms, which means it can be hard to keep track of them all. Not to mention, ensuring that your company is tax compliant. In this article, we will cover everything you need to know about payroll tax. So that you can make an educated decision when it comes…

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