ASAP Payroll BLOG
How to Read Your W-2 Form for Timely Tax Filing
The tax season is a busy time for everyone, including salaried employees who need to file federal income tax, Medicare Tax, and Social Security tax by the due dates. This involves dealing with several tax forms, including the W-2 (Wage and Tax Statement), which captures critical information for tax purposes. The form includes several boxes ...
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4 Common Payroll Scams and How to Avoid Them
Your business, whether large or small, isn’t immune to payroll scams. These tricks siphon funds from your business, negatively impacting its performance and profitability. You need to be on the lookout for these scams to avoid them. Here are some common payroll scams, and how you can prevent them: 1. Phishing An incidence of scams occurs ...
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A Basic Overview of ACA Reporting Requirements
The Affordable Care Act annual reporting deadlines for 2022 are looming, increasing the workload of employers. There’s usually so much to cover, including compiling employee information and their identification numbers. The purpose of the reporting requirements is to push the mandate of employers of providing minimum essential coverage (MEC) to at least 95% of employees. ...
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Payroll Training and Resources That Your Company Should Have
Human resources play a crucial role in the growth of your company. You must have a productive team that delivers quality to your clients. As a business owner, investing in an efficient HR department ensures teams operate optimally. In this article, we look at must-have payroll training and resources your company should invest in for ...
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Understanding Indiana Taxes for New Employees
Taxes are an inevitable part of employment. All new employees must pay payroll tax, which includes a percentage of income withheld from an employee’s pay that’s paid to the government by an employer on an employee’s behalf. Federal Income Tax Withholding Employers withhold money from each employee’s paycheck to pay federal income taxes based on ...
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Emerging Timekeeping Technology – Biometric Time Clocks
A biometric time clock offers business owners a highly accurate way to track employee time and attendance. It makes it easier to calculate the cost of labor and pay wages. Over the years, businesses have continued to adopt biometric time clocks to track time, despite the cost involved. In this post, we look at why ...
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An Overview of Employee’s Illinois Withholding Allowance Certificate: IL-W-4
Are you making sure your employees are filling out their IL-W4s and keeping them updated?
Enhancing the Applicant Experience: Essential Steps Before Employee Onboarding
Employers always want the best and brightest applicants to impress them during the hiring process.
How to Read Your W-2 Form for Timely Tax Filing
The tax season is a busy time for everyone, including salaried employees who need to
Prepare Your Team for the Holidays: Tips for Managing Holiday Stress at Work
The holiday season may be a time of great cheer, but it can also cause
What You Need to Know About Cybersecurity
In today’s sophisticated world, cybersecurity is an ever-growing concern. There isn’t a day that goes
