How much does a new hire or pay raise really cost an employer? Calculating the cost of a new hire or a pay raise as an employer goes beyond just salary. There are several components you’ll want to factor in to get a full picture of the financial impact. Find your Employer Taxes breakdown. You […]
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Tax Time Tips Though nothing can be done for employees who are surprised by their tax returns from last year, we cannot stress enough the importance of encouraging employees to be proactive and to do a health check of their withholding periodically. Your employees can: Review their paystub periodically. Employees should review earnings and deductions
Year-End Bonuses & High Dollar Limits Considerations for Bonuses As a reminder, our system closes out 2024 and locks in the data for your W2s on your last payroll. Holiday Bonus Payrolls for Employees Reach out to [email protected] about whether you plan to include them in a regular payroll or if you are running an off-cycle
Save Fees (and trees) by Going Paperless! Employers can offer their employees the choice of either paper or electronic year-end tax forms. Getting started is easy! Going paperless is once and done – no need to do it year after year! Advantages of Electronic (Paperless) Year-End Tax Forms: Save on fees There is NO FEE
Best Practices W2 vs 1099 What is the difference, and why does it matter? Misclassifying an independent contractor as an employee or vice versa can trigger financial penalties from the IRS. If you are hiring or contracting with other individuals to provide services, consider the following questions when classifying employees: behavioral Who is telling who when and where
Best Practices Terminating an Employee in isolved Terminating employees correctly in isolved makes it easier for you, for them, and your company going foward. When should I officially terminate the employee in isolved? Terminating an employee needs to be done AFTER the employee receives their last pay. Should I TERMINATE or INACTIVATE an employee in
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