Payroll

Ever heard the song with the lyrics, “Potato, potahto, tomato, tomahto”? While many people think accountants and bookkeepers are almost the same, the truth is accountants and bookkeepers are each different types of financial professionals. Learn more about these differences, the roles they play and how they can help your small business. 1. Accountants and […]

As a startup, you’ve got no shortage of entrepreneurial spirit. Cash, on the other hand… With tax season approaching, brushing up on your knowledge of small business tax deductions will help you pinch many much-needed pennies. Learn more by reading this guest post we wrote for Startup Nation — 10 Tax Deductions Every Startup Should […]

Tips represent a significant portion of a worker’s income in the restaurant and hospitality industries. As tipped income is considered taxable income, both employees and employees have specific reporting requirements. Learn about the IRS tip reporting guidelines in this post, written for the Toast Restaurant Management Blog.

Updated June 2021 [Quick Links] Infographic  Table Collecting and Reporting Rates  FAQs Mistakes  Penalties Who’s Responsible U.S. Payroll Taxes — The Taxes No One Expects…  While everyone is well aware of the impact of business income taxes, the sleeping giant of payroll taxes (also known as employment taxes or trust fund taxes) often catches business […]

Any kind of change can feel overwhelming and switching payroll providers is no exception. Getting it wrong can also result in an administrative nightmare or worse — which is why you should follow these steps to cover all your bases as you make the switch. Step 1: Notify Your Current Provider Most companies require a […]

This is the US version of our small business tax guide for sole proprietors. For the Canadian version, click here. February 2019 Update: The tax brackets for individuals have changed. Be sure that you’re filing and paying accordingly. The standard deduction has also nearly doubled, meaning that in many cases you can skip itemizing and […]

Whether you’ve just hired your first employee or simply want a few tips to ensure that you’re checking every box, our guest post “7 Steps to Payroll Success” at the Jobber Academy will help walk you through: Knowing the difference between an employee and a contractor. Registering your business for payroll in Canada and the […]

In order to ensure a stress-free wrap-up of your fiscal year, we’ve outlined eight steps that will work for anyone — whether you’re a payroll DIYer, working with your accountant or bookkeeper — or using payroll software to manage your company’s payroll.

Canadian tax laws for tips and gratuities impact businesses the service, hospitality or restaurant industries. As an employer, you’re affected when it comes to reporting tips and gratuities as income through the process of running payroll. 

A Social Insurance Number (SIN) is a 9-digit form of identification that every individual residing and/or working in Canada must have in order to access government benefits, file income taxes and, most importantly, get paid. (Through the fate of acronyms, SIN also sounds a bit biblical.) A short timeline of the SIN. 1964 — SINs were […]

Unlike the provincial motto, “Gloriosus et liber” meaning “glorious and free,” there are very few things that are free when you own and/or operate a business in Manitoba. Enter the Health and Post-Secondary Education Tax Levy (HE Levy or HAPSET). What is the HE Levy? According to Information Bulletin HE 002, the HE Levy is a […]

While operating your business, keep operating, tax and legal implications in mind.

You would think that once an employee has been let go, that would be that. But payroll is never just that simple. It’s not at all uncommon for employees to be paid after what was supposed to have been their final paycheck and after a Record of Employment has been issued. From the employee perspective, […]

Like most payroll topics, there is no one easy answer. Generally, you are lost in a world of ‘choose your own adventure’ stories. On a good day, you can call some legislative agencies several times and get a different answer from each representative with whom you speak. To say this is frustrating is an understatement. […]

An IRS penalty is an unnecessary financial burden that’s completely avoidable. For small businesses especially, it’s imperative that taxes are filed correctly to avoid IRS payroll tax penalties.