05 April, 2022 Fringe Benefits: A Comprehensive Guide for EmployersPayroll and Tax Compliance As an employer, are you aware of the types of fringe benefits your employee should receive and why? Some employee benefits are legally required for your company to provide,...
01 February, 2022 What is the Difference Between a W-2 and 1099?Payroll and Tax Compliance | Year-End Processing The Difference Between W-2 and 1099 Forms Each year, employers issue W-2s and 1099s to their employees. However, often HR managers get asked about the...
What You Need to Know About ACA Annual Reporting On May 24th, 2021, the IRS released the drafts for Forms 1094-C and 1095-C. While there are no changes to Form 1094-C reporting from 2021, there are changes to Form 1095-C. The IRS is planning to publish the final...
The Difference Between a W-2 and Final Pay Stub As fall ends and winter begins, employers and HR directors start preparing for the upcoming tax season. One question your employees might ask revolves around the difference between the W-2 vs last pay stub. When...
Understanding Form 1095-C Codes for Lines 14-16 Understanding how to choose Form 1095-C codes for lines 14-16 can be overwhelming. After all, healthcare coverage requirements and ACA compliance are challenging topics to navigate. If you enter incorrect codes, it could...
2021-2022 ACA REPORTING Year-end processing is quickly approaching, and with it comes Affordable Care Act (ACA) reporting. With so much information to gather, review, and account for, ACA reporting can be a cumbersome process. But it doesn’t have to be. We wrote this...
The Difference Between Pre-Tax and Post-Tax Deductions Every organization that offers benefits to employees has to deal with some type of pre-tax or post-tax deduction. While these deductions are common for employers, they can be tricky to navigate. For example, what...
According to a study by Smallbizgenius, more than 4.3 million people in the USA work remotely. As we see the trend of remote positions continue to increase across the United States, the need to understand payroll taxes for remote employees becomes more important....
No matter the size and industry, all businesses have one thing in common: they all have to process payroll for their employees. However, payroll processing can look different from organization to organization. Therefore, it’s essential to understand how to process...
