Payroll: US

You’ve probably heard the term “working on commission” and have a general sense of what it means, but what is commission pay really? Whether you’re a business owner that’s considering this pay structure or not, it’s helpful to get to know what it is in case an employee asks about it. You may even decide […]

A year can be divided in multiple ways: 52 weeks, 365 days, or 12 months. This means there are different payroll schedules that a business owner can follow — weekly, bi-weekly, semi-monthly, or a combination of a few. How do you know which payroll frequency is the most optimal for your business? While there are […]

When it comes to protecting your personal and business information, there are a number of approaches to get the job done. For example, simple solutions like updating your password to be more complex or reviewing payroll reports can help you prevent fraud and catch suspicious activity on your account before it’s too late. At Wagepoint, […]

At Wagepoint, we’re in the business of making your life easier by making sure payroll runs seamlessly. We know that paying your employees on time is top priority so we’ve put together a list of our very favourite Wagepoint features you might not know about, including easy how-to video demos! We’re confident these easy-to-set up […]

Payroll can mean completing a lot of scary tasks for small business owners — like making the right calculations and filing taxes correctly and on time to the government. On top of that, consider needing to make corrections during a busy year-end season! Now that sounds like a real nightmare. As the old adage goes, […]

On January 27, 2021, Ian Vacin, Chief Customer Officer for Karbon, and Rachel Fisch, Strategic Advisor to Wagepoint held a webinar (online discussion) on the topic of “How compliance leads to advisory.” The truth is, you can’t have one without the other. Especially when it comes to small business payroll. As an accountant or bookkeeper, […]

Starting with tax year 2020, Form 1099-MISC (Miscellaneous Income) has been replaced with Form 1099-NEC (Nonemployee Compensation). Employers no longer need to report non-employee compensation, such as payments to independent contractors, on Form 1099-MISC. Read for more information on the difference between Form 1099-NEC and Form 1099-MISC. Diving into W-2s and 1099s. It’s almost the […]

When the pandemic came on the scene, it shook the world — from small businesses to government agencies. During CPB Canada’s Ignite 2020 event, we hosted a breakout session to discuss with our accounting and bookkeeping friends the role that payroll played in helping small business owners navigate through this year and going forward. Note: […]

As a business owner, you want to focus on what your employees can do for your business — rather than getting bogged down by the nitty-gritty of paying them. How often is your mind centered around administrative responsibilities like payroll? Have you ever incurred interest and penalties from payroll errors? When details, like income types […]

There is no question that payroll is one of the most important aspects of a construction business that needs to be managed effectively. The sheer size of construction projects, as well as a slew of tax regulations, make construction payroll a complex process. Plus, with a large workforce, payroll can be time-consuming and stressful. A […]

Updated June 2021 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 owners and employees by surprise. This guide will give you an overview of […]

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 […]

As much as you want to avoid turnover as a business owner, a certain amount of attrition is to be expected in any company. When an employee leaves your company, thus ending their employment, you are required to administer a final payroll. The final pay will be your employee’s last form of compensation from your […]

The myriad of responsibilities an employer has to deal with can be quite overwhelming, but unfortunately, government agencies do not look kindly upon mistakes, even those made unknowingly. One such employer responsibility is the act of submitting a New Hire report to the designated agency in your state. Fortunately for you, New Hire reporting is […]

Double Overtime is relevant to your company if any of the following applies, You’re a California, US-based company You’re a British Columbia, Canada based company You have employees who work in either of the above locations If none of the above applies to your business, you don’t have to worry about double overtime. You only […]