What is Payroll

What is Payroll

Calculating Pay:This is where you figure out what to pay each employee. It includes their regular wages or salary, but also factors that effect payroll that you need to pay attention to are… Sick days and vacation time Reimbursements for business expenses...
Reporting rules changed for Form 1099-K

Reporting rules changed for Form 1099-K

Prior to 2022, Form 1099-K was provided only for third-party network transactions that fulfilled both of the following criteria: There were more than 200 transactions in all. The total value of transactions surpassed $20,000 The American Rescue Plan Act of 2021 (ARPA)...
Tax Credit for Hiring Long-term Unemployed Workers

Tax Credit for Hiring Long-term Unemployed Workers

With many companies enduring a tight labor market, employers should be aware of a useful tax credit available to them for employing long-term unemployed individuals and other categories of employees who face major employment impediments. If your company is currently...