In Pursuit of Profit - Blog - ASP

7/15/2019

How to Pay Employees – 5 Compensation Options

How to Pay Employees – 5 Compensation Options

Business owners spend a surprising amount of time dealing with employee compensation. Determining how to pay employees requires an understanding of employee and business needs alike.

Employees primarily want to be paid quickly and effortlessly, while organizations have cash flow considerations and business objectives to manage.

As business operations have modernized, most organizations have shifted their compensation techniques from pay cards and checks to direct deposit for regular, full-time employees.

11/13/2018

5 Tips for Payroll Tax Reporting

5 Tips for Payroll Tax Reporting

Payroll taxes are one of the most labor-intensive employment taxes that business owners handle. Also known as “FICA taxes,” payroll tax is comprised of Social Security and Medicare taxes. These taxes are withheld from employees’ paychecks as well as paid by the employers, which means that business owners must manage both sides of the equation.

5/17/2018

Salary or Draw? How to Pay Yourself as a Business Owner

As a business owner, tough decisions abound at every turn, including the question of how (and how much) to get paid. While there are numerous compensation options available, business owners typically choose to either pay themselves a salary or draw money out of the business as compensation.

4/2/2018

Your Employees Need Help with The Recent Tax Law Changes – Here’s How

w-4

The employer writes the paychecks and, as a result is often blamed for ‘bad news’ when employees get a surprise about taxes.

This often happens when employees work multiple jobs, have multiple income homes, changes in dependents or marriage, or simply a misunderstanding about what the tax talk means.

3/26/2018

Oregon Payroll Tax Basics, Tax Forms and Requirements

Payroll often influences business owners and managers to minimize recruiting because they believe hiring an employee complicates business and increases risks.

It's not a wonder considering the ever changing paperwork requirements, laws, forms, payroll tax rates and deadlines.

2/12/2018

The Impact of the Washington State Family Leave Act

Washington State recently passed a parental-leave law. Nearly all employees, private and public sector, who work for employers with more than 50 employees in Washington will be eligible to receive up to 12 weeks of paid time off for the birth/placement of a child, for the employee’s own serious health condition, or to care for a family member with a serious health condition.

1/27/2018

The Best Payroll Services for Small Businesses

Payroll continues to get more complicated. This month new minimum wage and sick pay regulations went into effect in Washington State, requiring more paperwork and tracking.

Depending on the type of business and your location, payroll can be complex. For instance, according to Oregon regulations, it is permissible to pay wages by the hour, as a salary, in commissions, or at a piece-rate. There are tip credit considerations, vacation pay, holiday pay, bonuses, and severance pay, sick pay, retirement plans, minor regulations, L&I rate considerations. Wage agreements may be made between employers and employees as a part of the employee’s total compensation.

11/30/2017

W-2 Scam - How THIEVES Are getting Employee Data

w2 scam

There are a growing number of businesses, payroll and human resource communities across the nation becoming a victim of a W-2 email scam.

Criminals use this scheme to gain access to W-2 and other sensitive tax information that employers have about their employees.

Services

Accounting Services
Recruiting Services

Company

About
Oregon Team
Washington Team
Colorado Team
Texas Team
Clients

Support

Contact
CC
FAQ
Resources
Blog

ASP

Your resource for accounting & recruiting services. Serving Seattle, Bellevue, Redmond, Kirkland, Portland, Beaverton, Hillsboro, Lake Oswego, Denver, Lakewood, Aurora, Dallas, Frisco, Fort Worth, and more.

Contact us today for a free,
no-obligation consultation:
Toll Free (800) 931-6557
WA (425) 492-1901
OR (503) 473-0122
CO (720) 572-8211
TX (214) 396-7403
[email protected]

© COPYRIGHT ASP - ALL RIGHTS RESERVED
A CFO Selections Company

Photos from Pricenfees, Debbieallendale