1. The Ebb and Flow of Your Tax Liability

    As you consider your annual budget and estimate cash flows during the year, you’ll want to take into account how payroll taxes may fluctuate throughout the year. Now is the perfect time to take a look at your tax liability. Have you ever noticed that payroll taxes are very high in the beginning of the year, but tend to decrease throughout the remainder of the year? It’s all in the math of how …Read More

  2. Empowering Your Workforce

    Regardless of industry, specialty, size, or any other relation you use when describing your business, your business is defined by your workforce. The people who work for your organization, who are fueling the engine of your business, are what makes your business. Now it’s time to turbo charge your “engine” and optimize your business to function at the best of its ability.  A great place to …Read More

  3. Withholding Compliance

    Each year around tax time, we hear from a handful of clients who have employees who didn’t have enough (or any) withholding taxes taken from their pay checks. It could have been for a number of reasons such as:  High exemption calculation from their W-4 form, low pay that didn’t trigger the tax tables, or a high number of pre-tax deductions. There are many items that could contribute to low o…Read More

  4. Client Service Phone Tips

    Client Service is the bare essential for all businesses. Payroll Vault’s competitive advantage is our dedication to ongoing client service efforts. In goal setting for 2018, here are some pointers from our team of in-house client service experts. A smile comes through on a phone call. Callers can immediately discern which type of mood the individual on the opposite end of the line is in, and wil…Read More

  5. I-9 Form Compliance

    Hiring new talent involves quite a bit of paperwork and due diligence. In your quest to hire someone and get started, we highly recommend having a solid onboarding process in place to ensure compliance. The Federal I-9 form is one of the forms that deserves extra attention. The I-9 form is the Employment Eligibility Verification form that must be completed for all new hires in the United States fo…Read More

  6. Professional Networking

    Your professional network is an important foundation for your business. Oftentimes, we are preoccupied with exploring the best networking venues when we can also tap into those closest to us which can be overlooked. Referral partners can be close professional friends and colleagues, or even better, clients. Clients will know firsthand the value you bring to their business, and are classically exci…Read More

  7. New 2018 Tax Tables

    The IRS will be recalculating and publishing new tax tables to go into effect this year. These updates will affect new hires as well as existing employees, so please take note. For new employees, you will still need to use the 2017 W-4 form until the new one is published. Continue to check online to see when the form is updated here. For existing employees, they may notice a change in the calculat…Read More

  8. Filing Deadlines for Tax Forms Have Not Changed

    The IRS has had its fair share of fraud and identity theft issues over recent years. Fraudulent claims cost millions, if not billions of dollars annually, and the numbers are increasing at an alarming rate. In attempt to minimize fraudulent claims, the filing deadline for 2017 W-2 and 1099 forms is January 31, 2018 for the second year in a row. The suggested best practice is for employers to have …Read More

  9. Tax Reform and Payroll Update

    Significant changes are on the way for withholding tables in 2018. Important items to note: Recalculations of withholding tables will take some time to put together and send to the public. Look to early February at the earliest to see this change. Supplemental wages (bonuses and commission) on any amounts under $1 million will have an increased standard rate of 28% up from 25%. Private sector empl…Read More