Precise Payroll

3 Mistakes to Avoid when Starting a New Business

3 Mistakes to Avoid when Starting a New Business - Precise Payroll Don’t fall prey to these common pitfalls for startups. When getting your startup off the ground, several steps should be taken and others should be avoided. Each year, thousands of businesses shut down for various different reasons. Some of these doors are closed as the result of one or more big m...

What You Need to Know about Nonprofit Payroll

What You Need to Know about Nonprofit Payroll - Precise Payroll Nonprofit tips for meeting federal and state tax requirements Running a nonprofit is a lot of work and it doesn’t end when it comes to payroll. Many nonprofits face a number of payroll challenges compared to for-profit businesses. For example, many nonprofits mistakenly believe that because they a...

5 Tips for Setting Up Payroll for Your New Company

5 Tips for Setting Up Payroll for Your New Company - Precise Payroll Paying attention to these details may make or break your new biz during startup. If you’re working to get a new business off of the ground, you probably know that there are a lot of details to deal with. One of the most important is payroll. Do you know how to set up payroll for a company? If you ...

WHAT TO DO WITH LEFTOVER FSA DOLLARS?

WHAT TO DO WITH LEFTOVER FSA DOLLARS? - Precise Payroll You are limited to these four options under the tax code. If you have employees who have flexible spending accounts (FSA), you may be wondering what to do with any leftover money. FSA accounts are great tax-advantage plans that help manage out of pocket medical expenses. Sometimes money is leftover....

3 Questions to Ask When Hiring a Payroll Provider

3 Questions to Ask When Hiring a Payroll Provider - Precise Payroll Don’t walk into a business relationship blindly! More businesses are opting to outsource their payroll responsibilities – and it is not difficult to understand why. Payroll is time-consuming and one of the most popular jobs to outsource. The decision to switch from in-house payroll services to a...

Advantages of Monthly Payroll Ofrver Quarterly Payroll

Advantages of Monthly Payroll Ofrver Quarterly Payroll - Precise Payroll Why monthly payroll is more frequently chosen. Several options exist when it comes to payroll schedule, while some are better for your unique business than others. Comparing the advantages of these options will open your eyes to many advantages and disadvantages. Two common options include monthly p...

Three Payroll Mistakes to Avoid as an Employer

Three Payroll Mistakes to Avoid as an Employer - Precise Payroll Watch out for these common payroll mishaps that will cost you! Paying employees properly can be difficult. Whether it is underpayment, overpayment, or payments that are delivered late, payment mistakes can cost you as an employer. The following are three of the most common payment mistakes that empl...

Out of State Employees and Reciprocal Agreements

Out of State Employees and Reciprocal Agreements - Precise Payroll What are reciprocal agreements and when do you need them? States have their own withholding requirements (unlike federal withholding which is the same for employers across the board), including for employees who work and live in different states. Some states require reciprocal agreements for such em...

Paying Employees Under the Table

Paying Employees Under the Table - Precise Payroll And why you don’t want to do it. Handling your business’s finances can get confusing. Figuring out tax deductions, reporting employee’s income, keeping records and all of the other things you have to figure out when managing payroll can be a pain in the backside. Some businesses opt to avoid a...

How Much Health Insurance Should A Small Business Offer?

How Much Health Insurance Should A Small Business Offer? - Precise Payroll These three questions will help you determine the right solution for your small business. Today, state and federal mandates exist regarding offering health insurance to employees. But how much health insurance is enough for a small business? After salaries, health insurance is one of the most expens...