Five Estate Planning must havesNo one likes to think about death. Why spend time preparing for something you have no control over, right?Not so fast.Sure, we're powerless to control when our time comes.But we can effect what happens to our assets after we’re gone.Remember, death doesn’t just have an emotional toll ...
Best method to pay employeesHave you ever wondered which is the best method to pay employees? Well, it’s a typical Thursday afternoon at the office.You’ve reached the last leg of the day, and the weekend is just around the corner. One. More. Day.Glancing through the window of your ...
Nonprofit payroll requirements: Best PracticesEasily the biggest challenge of running a nonprofit is trying to do more with less, to make limited resources stretch further. Following all the nonprofit payroll requirements, laws and regulations is challenging. This is no different for companies with dedicated payroll and HR staff.Most ...
Can I take a loan from my 401k?Feel like you’re at the corner of “can I take a loan from my 401k?” and “will I hurt my retirement savings if I do?”Well, you’re not alone. Each year many hard working Americans wonder the same thing.In fact, during the ...
How to Terminate an Employee ProperlyHave you ever wondered what the best practices to terminate an employee properly are? Well, having to terminate an employee is the lowest of the low psychologically; but doing it properly is a challenge in itself.Some managers would choose to go through an ...
How to Hire the Right EmployeeThe Proven Hiring Guide to Achieve the Highest ROI. Please share with all small business owners in your circleRunning a small business independently is never easy! You need to hire the right employee to join your team to make flexible, passionate and skilled ...
Retirement Plans: Best Alternatives to a 401(k)In most companies, the standard and most common of all retirement plans is the 401(k) Plan. But not every company, especially small companies, freelancers and self employed persons have access or the resources to offer a 401(k) plan.In fact, statistics show that ...
Employee Vs Independent ContractorThe difference between an employee vs independent contractor can be confusing. It is important for business owners to know if their workers are employees or independent contractors (also referred to as 1099 contractors or self-employed).For employees, businesses have to withhold income taxes, Social Security, and ...
RETIREMENT PLANS & HEALTH BENEFITSRetirement plans and health benefits are very valuable benefits to employees. Most employers are aware of this and therefore provide such benefits to their employees.As a small payroll service bureau, we have partnered with Thrivent Financial to provide a wide array of such benefits ...
California Paid Sick Leave Act of 2014Hopefully you are aware that California recently passed a law mandating that all employers offer paid sick leave to employees. AccuPay is here to help.EntitlementAn employee who, on or after July 1, 2015, works in California for 30 or more days within ...
HOW TO REPORT WAGES FOR A DECEASED EMPLOYEEIf an employee dies during the year, you must report the accrued wages, vacation pay, and other compensation paid after the date of death.Also report wages that were available to the employee while he or she was alive, regardless of whether ...
IRS 1099 filing Compliance and the eminent pitfallsIn 2010, the IRS took an aggressive step to ratchet up its ability to enforce business compliance with annual 1099 income reporting regulations. Today I will discuss form 1099-Misc and these enforcement changes. I will also share the potential consequences for ...