A W-2 form is a document that summarizes an employee's annual earnings and the amount of taxes withheld from his/her paycheck. Employers are required to provide their employees with a W-2 form by...
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New Year Considerations for your Business
As a small business owner, the beginning of the year is a great time to assess your company's performance and make plans for the future. There are several important things you should consider at the...
Goodbye 2023, Hello 2024!
As a payroll analyst, January is a very busy month. At the beginning of the year, employees eagerly await the arrival of their W-2 forms, which summarize their earnings and tax withholdings for the...
1-Year Anniversary: Introduction
I'm Katy Hill-a Payroll Analyst at Grant Payroll Inc. I joined the team on December 7th, 2022, and oversee many of our large company clients. I am a graduate of Dardanelle High School and Ouachita...
Katy Chronicles: Thanksgiving Edition
Thanksgiving is a time of reflection and gratitude, and this year I am particularly thankful for my job as a payroll analyst at Grant Payroll. After being out of the workforce for many years, the...
Bonus Time!
Giving bonuses to employees can be a great way to show your appreciation for their hard work and dedication. Here are some things you may want to consider before giving bonuses: Budget: Determine...
What should a small business owner consider when paying her employees?
When it comes to paying employees, small business owners have several things to consider. Here are some key factors to keep in mind: •Applicable laws and regulations: Small business owners need to...
Are you new here?
Starting a new job can be an exciting and overwhelming experience. As a new employee, there are several things you should do to make the transition as smooth as possible. First of all, be ready to...
How to officially change your business name
Changing the name of your business can be a daunting task, but here are some helpful steps you can follow: Notify the IRS: If the name change occurs AFTER you have already received your EIN, you...
Quarterly Payroll Taxes: what you need to know
Quarterly payroll taxes are a type of tax that employers are required to pay to the government on a quarterly basis. These taxes are used to cover Social Security, Medicare, and federal income tax...
What questions will a payroll provider ask a business owner?
When setting up payroll processing, your payroll provider will need some important information to ensure that your employees are paid accurately and on time. Here are some of the key pieces of...
What do i need to know about federal and state minimum wage laws?
Minimum wage laws are in place to ensure that workers are paid a fair wage for their work. The federal minimum wage in the United States is currently set at $7.25 per hour, but many states have set...
What should i look for in a payroll specialist?
When considering a payroll analyst for your company, there are several key traits and skills to look for to ensure that you hire the right person for the job. A payroll analyst should have a strong...
How often should you pay your employees?
When it comes to paying employees, there are various options for pay schedules. The most common pay schedules are weekly, bi-weekly, semi-monthly (or bi-monthly), and monthly. Let's take a closer...
What is an EIN and how do I get one?
An EIN, or Employer Identification Number, is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to identify your business for tax purposes. It is also known as a Federal Tax...
Hired a new employee? Here’s what you need:
An employer typically needs a new employee to fill out a W-4 form for federal tax withholding, an I-9 form to verify their eligibility to work in the US, and any other forms required by state and...
What is irs publication 15?
IRS Publication 15 is a document published by the Internal Revenue Service that provides guidance on how to withhold and report federal income tax from employees' paychecks. It includes information...
What you need to know about paying your employees
As an employer, you need to know the legal requirements for paying your employees, including minimum wage and overtime laws. Federal and state minimum wage laws establish the minimum wage rate that...
Do i need a payroll provider or should i do it myself?
Using a payroll provider can save you time and reduce the risk of errors in your payroll calculations. Additionally, payroll providers can help ensure compliance with tax laws and regulations and...
Katy Chronicles
I recently stepped back into the workforce after being a stay-at-home mom for the past 15 years. At my job interview, I acknowledged my lack of technical skills, but assured the business owner I was...