Stay updated on the latest developments as the IRS continues its work on the Employee Retention Credit, and learn about new IRS CI education sessions. Check out the latest updates here! https://www.payrollvault.com/ Check out our December News from the Vault Newsletter! S-Corp payroll can be confusing. Learn the answers to top questions so you know how to handle it correctly.
IRS Employee Retention Credit: What Businesses Need to Know
News from the Vault - December 2023 Payroll Vault Newsletter
S-Corp Payroll: The Top 4 Questions Answered
Payroll Vault, the online payroll and workforce management leader, announced the launch of its San Diego, California-based outlet’s website. The franchisee, which serves the South San Diego, Chula Vista, Bonita, Eastlake, Imperial Beach, Coronado, Spring Valley, Lemon Grove, and other South Bay communities, introduced its brand new site to streamline the client experience and improve lead generation.
Payroll Vault, the online payroll and workforce management leader, announced the kickoff of a brand-new website of it’s Arvada, Colo.-based outlet. The franchisee, which serves the Metro North Denver area. The growth of online presence is called upon to streamline the client experience and improve lead generation.
Payroll Vault, the online payroll and workforce management leader, announced the launch of it’s Lakewood, Colo.-based outlet’s website. The company, which serves Lakewood and the Jefferson County area, decided to increase its online presence in order to streamline the client experience and improve lead generation.
There is a fine line between freedom of speech today and screening options for talent acquisition. It takes us back to the age old question, "I can; but, should I?"
With as little as 1 employee and depending on which state you’re in, you are responsible for multiple duties in relation to labor laws. This may include the proper processing of payroll and taxes, labor law posting requirements, and worker’s compensation coverage.
Payroll Vault, the online payroll and workforce management leader, announced the launch of it’s new website, https://www.payrollvault.com/, on April 02, 2018. The Colorado-based franchisor redesigned its site to streamline the client experience and improve lead generation for its 43 locally owned Payroll Vault offices across the U.S.
Hackers are recycling old tricks and are ready to prey on you. One of their clever schemes that the IRS is warning US citizens about is that criminals are using telephone numbers that mimic IRS Tax Payer Assistance Centers to trick taxpayers into paying non-existent tax bills.
Companies will outsource their payroll and HR services to ensure they are in compliance. Check out the information below from HR Snapshot to learn more about hiring 15 or more employees.
Most enterprise level corporations have more sophisticated protection against serious risks than most small businesses. Nonetheless, it’s critical to protect your business – no matter how great or small - and here’s a list of basics to get you started. Software & Security Patch Updates Updates are released for software all the time.
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…
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…
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 …
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…
With 2018 around the corner, we would like to offer a small reminder that minimum wages may increase for regular and tipped employees in your state. If this is the case in your area, know your labor posters will need to be updated so your company remains in compliance. Don’t wait to prepare for the changes that are on the horizon. Keeping up on labor postings updates is a timely process that re…
The Family and Medical Leave Act (FMLA) of 1993 is a United States Labor Law that was implemented to assist families in need of balancing the demands of their career and home. Eligibility begins after 12 months of employment with a singular company, 1,250 hours worked during that 12-month period, and with which that company employs 50 or more employees within 75 miles. Both public and private sect…
The Payroll Vault brand is experiencing tremendous growth due to the growing complexity of payroll processing and the need for clients and partners to have a trustworthy processor. In today's market, payroll is among the Top 5 Most Outsourced Services, and is fueled by complex legislation and compliance demands. Payroll Vault now has locations operating in 17 states to ensure that a local, dependa…
The Evolving Face of Human Resources Technology coupled with an evolving workforce is impacting change at lightning speed. Outside of expanding how and where we conduct business, it has vastly transformed our work culture and our interaction. Human Resource departments are experiencing an evolution in their roles and expectations due to this dynamic shift. Traditionally, the HR department was the …
Is now a good time to think about employee W-2 forms? Yes, absolutely. 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…
Also, called Eco Day and Environment Day, 2017’s theme is 'Connecting People to Nature – in the city and on the land, from the poles to the equator'. We are urged to get outdoors and into nature so we can better recognize not only its beauty, but its importance. You are invited to think about how interdependent we are with nature and the environment as a whole, and challenged to find fun and e…
In the past couple years we have had several dozen clients go through the steps to either rebrand their business, or change their entity type. With a rebrand, this can be a great time to infuse new energy and excitement around their product. With an entity change, a business will update their registration with the IRS. For the majority of our clients, this also means creating a new FEIN (Federal I…
School is out, and teens and young adults are looking for work. For a business owner, this is an ideal time to hire a few spare hands and provide young adults the opportunity to develop valuable social and business skills, build a strong work ethic, and gain professional experience. The benefits of seasonal hires: Placing your teen or young adult on the payroll Your teen can learn the family busin…
It happened; Colorado voters passed Amendment 70. It was close at almost a 50/50 split. The changes are scheduled to go into effect January 1, 2017 and will incrementally increase minimum wage annually $0.90 until it caps in 2020 at $12.00/hour. There were varying opinions and concerns from business owners about how this will affect their pricing structure, buying power, and their ability to keep …
