• What Your Payroll Specialist Should Offer

    What Your Payroll Specialist Should Offer

    Date : Wednesday, August 10, 2016

    A large quantity of companies today struggle to complete important responsibilities on their own. As a result, many decide to outsource these obligations to a third-party service provider like SBS Payroll. With so many options on the market, it’s crucial for businesses to locate a payroll specialist that truly meets their needs – both now and in the future. ..

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  • 1099 vs. W-2 forms: What’s the difference?

    1099 vs. W-2 forms: What’s the difference?

    Date : Tuesday, April 26, 2016

    Human resources and benefits teams have a laundry list of responsibilities. Among these obligations is the completion of crucial documents on a regular basis for local, state and federal government purposes. This year, much of the news regarding important forms has had ties to the Affordable Care Act. To understand what documentation is necessary for that function, companies need to be aware of what defines an employee. To file forms 1094 and 1095 accurately for small and large employers, businesses also need a correct count of different types of workers. ..

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  • To Outsource or Not to Outsource, That is the Question

    To Outsource or Not to Outsource, That is the Question

    Date : Friday, September 18, 2015

    If you’re a small to medium size business considering whether to outsource your payroll services or not, likely it comes down to two things: 1) costs to outsource versus current in-house costs and 2) service level. Of course expertise and flexibility based on your unique business needs will rank up there as well. It’s important that the company you outsource to, your payroll services vendor, has a good grasp of your goals, business vision and expectations.  This is key so that you are not over served with bundled payroll packages with additional services you might not even need but they are there in case you do.  You can begin by outlining how much you plan to grow, your headcount for full-time, part-time and/or contract employees on your payroll in the coming fiscal year, and if you’ll be providing raises, bonuses, or even a 401k.   ..

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  • New 2012 IRS W-2 Reporting Requirements

    New 2012 IRS W-2 Reporting Requirements

    Date : Monday, June 11, 2012

    Under the Affordable Care Act, Employers are now required to report on the costs of coverage for Employer-Sponsored Group Health plans on W-2s in January 2013 for Calendar year 2012 and future Calendar years unless the employer meets the criteria for exemption which is listed below. The new reporting requirement is for the employee’s information only and is intended to provide useful and comparable consumer information on the cost of their health care coverage. ..

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