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How To Handle Your First Payroll

Regardless of whether your first payroll involves a few employees or many, the goal is to execute payroll in an accurate and compliant manner. Here are some steps to help you manage your first payroll. Get an EIN and perform the necessary state registrations. Obtain an Employer...

06 December, 2021

Scam risks remain during pandemic; Security Summit focuses special week on taxpayer, tax professional protection against identity theft

WASHINGTON – With the 2022 tax season and the holidays rapidly approaching, the Internal Revenue Service, state tax agencies and the nation's tax industry today announced a special week focusing attention on taxpayers protecting sensitive financial information against identity thieves. Working together as the Security Summit,...

03 December, 2021

From the HR Support Center: One of our employees has taken on a second job, and I’m concerned the additional work might hurt his performance or interfere with his work for us. What do you recommend?

If you haven’t had previous issues with this employee’s performance, I wouldn’t worry too much about his taking a second job. Side jobs are common, and many people manage them just fine. You can certainly reiterate your performance expectations, whether that’s completing assignments on time,...

02 December, 2021

Housing Allowance Resolution Sample

Housing Allowance Resolution Sample The following is a sample resolution to be adopted by the board of directors of any organization which employs a “minister” as defined by the IRS: Whereas, section 107 of the Internal Revenue Code specifies that the amount of ministers’ compensation that is...

01 December, 2021

5 Ways Manual Timekeeping Costs Your Business

Still using pen and paper? Have you considered how much manual timekeeping costs a business? Employee Time Theft Paper timecard systems can be exploited in a number of ways from hours padding to buddy punching. Some large employers who switch to an automated system are...

30 November, 2021

Payroll Tax Rates and Contribution Limits for 2022

Below are federal payroll tax rates and benefits contribution limits for 2022. Social Security tax In 2022, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2021. The Social Security wage base is $147,000 for employers and employees, increasing from $142,800 in 2021. Self-employed people must...

29 November, 2021

Get ready for taxes: Easy steps taxpayers can take now to make tax filing easier in 2022

IR-2021-217, Nov. 8, 2021 WASHINGTON – The Internal Revenue Service today encouraged taxpayers, including those who received stimulus payments or advance Child Tax Credit payments, to take important steps this fall to help themselves file their federal tax returns in 2022. Planning ahead can help people file...

26 November, 2021

From the HR Support Center: What are effective ways to manage remote employees and monitor their work?  

Managing remote employees can certainly be a challenge. Here are some of the practices we recommend: Set measurable goals around quality of work. Whether employees get their work done to your satisfaction is more important to your bottom line than whether they’re always at their workstation. Make all the resources necessary for employees to...

25 November, 2021

Exploring Tax Advantages of Retirement 403(b) Plans for Ministers

While it is true that ministers, and other church employees, may earn less than those performing similar jobs requiring similar skills in the secular world, there are unique tax advantages that can help offset the compensation differences. One of the greatest advantages for church workers...

24 November, 2021

Why a Facial Recognition Time Clock is Essential for Small Business

In todays’ workplace, a facial recognition time clock is far more common than it was even a decade ago. In some cases, advanced biometric clocks are must-haves. With health, safety and time theft use-cases, facial recognition time clocks are fast becoming the best technology for...

23 November, 2021