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Valerie Heckman posted an update in the group
OnPay 4 months agoDay 8!
Clients offering gift cards, gym memberships, or company cars this holiday season? There are some important payroll details to keep in mind!
Welcome to Day 8 of our 12 Days of Sleighing Year-End series.
Some fringe benefits count as taxable income and should be tracked in your payroll system. Getting it right now keeps year-end reporting smooth!…
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Valerie Heckman posted an update in the group
OnPay 4 months agoDay 7!
Third-party sick pay might not come directly from your business, but it still matters.
Day 7 of our 12 Days of Sleighing Year-End series is here!
When employees receive sick pay from an insurance company, it’s still considered taxable income and must be reflected in your payroll records. Taking care of it now means smoother year-end reporting… Read more
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Valerie Heckman posted an update in the group
OnPay 4 months agoDay 6!
Employer and employee health insurance contributions must be reflected on each W-2 – but the details can be easy to overlook.
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Download our free year-end checklist below to keep track of all your payroll and HR to-dos: https://onpay.com/resources/smb-year-end-checklist/
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Valerie Heckman posted an update in the group
OnPay 4 months agoDay 5 !
If you have S Corp clients, year-end is the time to double-check shareholder benefits! This video explains which benefits must be reported as taxable income, how they should appear on a W-2, and why getting the details right helps you avoid issues at tax time.
https://www.youtube.com/watch?v=w_FuXTzlvLc -
Valerie Heckman posted an update in the group
OnPay 4 months agoDay 4!
Ready for your next year-end tip? It’s Day 4 in our 12 Days of Sleighing Year-End series.
Today, we’re talking about holiday pay and time-off policies. A clear, written policy helps employees know what to expect and keeps scheduling and pay consistent during the busy season. Reviewing or creating your policy now sets everyone up for a smooth… Read more
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