Payroll

QuickBooks Payroll Adds Health Insurance for Small Businesses

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Save money on health insurance, drug cost and medical cost concepts

Key Takeaways Streamlined Benefits Administration: QuickBooks Payroll’s integration of health insurance simplifies managing employee benefits, making it easier for business owners to handle compliance and operations. Enhanced Employee Retention: Offering health insurance significantly boosts employee satisfaction, which is crucial for attracting and retaining top talent in a competitive job market. Tax Advantages: Employers can benefit … Read more

Getting Ready for Payroll and Other Tax Reporting

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businesswoman with tax report at office

Key Takeaways Importance of Compliance: Understanding payroll and tax reporting obligations is critical for small businesses to avoid penalties and maintain financial health. Accurate Reporting: Precision in payroll tax calculations and timely submission of forms like W-2 and 1099 are essential to prevent costly mistakes. Common Challenges: Small business owners often struggle with tax compliance … Read more

Florida Payroll Company Owner Pleads Guilty to Employment Tax Fraud

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Florida Payroll Company Owner Pleads Guilty to Employment Tax Fraud

A Florida man has admitted in federal court that he withheld more than $20 million in taxes from workers’ paychecks and failed to remit those funds to the IRS. Matthew Brown, owner of Elite Payroll in Martin County, pleaded guilty to employment tax fraud and filing a false tax return, according to the Department of … Read more