ASAP Payroll BLOG

optional standard mileage rate driving

Increase in the Optional Standard Mileage Rate Provides Relief for Drivers

On June 9, 2022, the Internal Revenue Service (IRS) announced that it will boost the optional standard mileage rate for business travel for the last six months of 2022. Effective July 1, 2022, the rate will be 62.5 cents per mile, up 4 cents from the rate set at the beginning of the year. This ...
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PEO Vs. Payroll: What Are the Differences?

Outsourcing an important business process such as payroll is not a new practice for small business owners. With the constant need for accuracy and efficiency in undertaking payroll responsibilities, small business owners find they need support. This has given rise to outsourcing to Professional Employer Organizations (PEOs) and Payroll Service Providers (PSPs), who help minimize ...
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payroll fraud alert

Choose Your Service Provider Carefully to Prevent Payroll Fraud

You’ve worked hard to make your business a success. But, you didn’t get there all alone. In fact, you fully understand the importance of delegating responsibilities to get things done. One of the things that you may choose to outsource to a third party is payroll. A professional payroll service provider is an invaluable asset ...
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pay employees cryptocurrency

Is it Possible to Pay Employees in Cryptocurrency?

As the popularity of cryptocurrency grows, more and more businesses are considering whether or not to start paying their employees in crypto. Before making the switch, there are a few things to consider, like the volatility of cryptocurrency and the potential for scams. But there are also some compelling reasons to pay employees in crypto, like ...
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PTO Policy

How to Create a PTO Policy That Works for Everyone

Personal time off (PTO) is a critical benefit to offer employees who come to work for you. Employees appreciate the chance to take some time off work without losing out on their pay, and employers can benefit from re-energized employees who return from their time off more focused and productive than they were before. What ...
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quarterly tax filing indiana employer calculator

The Ultimate Guide for Quarterly Tax Filing Requirements for Indiana Employers

Self-employed taxpayers and most employers likely need to pay quarterly tax payments to make it simpler to meet key IRS deadlines. The estimated quarterly taxes require filing four times every year and may seem like a chore. Still, it is the best way to soften your tax burden if you project the payments correctly. Once ...
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