The Payroll Book : A Guide for Small Businesses and Startups.

Format:

Book

Author/Creator:

Read, Charles.

Language:

English

Subjects (All):

Wages--Accounting.

Wages.

Small business--Accounting.

Small business.

Bookkeeping.

Physical Description:

1 online resource (315 pages)

Edition:

1st ed.

Other Title:

Payroll Book

Place of Publication:

Newark : John Wiley & Sons, Incorporated, 2020.

Summary:

"With more than 50,000 businesses formed on average monthly, payroll is a topic that doesn't get the attention it deserves. For start-ups and small businesses, payroll is something they must get right. Payroll mistakes can be costly, ranging from lost revenue to serious tax issues that can cripple or even close a business. This book gives business owners an authoritative and reader-friendly guide to payroll, from proper setup and maintenance to reporting and record-keeping"-- Provided by publisher.

Contents:

Cover

Title Page

Copyright

Contents

Preface

How to Use this Book

Icons Used

Part I Payroll Setup

Chapter 1 Business Entity

Corporation

Partnership

Sole Proprietorship

Limited Liability Company (LLC)

Chapter 2 Employees and Nonemployees

You

Family Members

Employees Versus Independent Contractors

Statutory Employees and Statutory Nonemployees

Children

Volunteers

Interns

Religious Workers

Chapter 3 Earnings

Salary

Executive Exemption

Administrative Exemption

Professional Exemption

Highly Compensated Employees

Additional Guidance

When an Employer May Make Deductions from Salary Payroll

Hourly Wage

Basic Provisions/Requirements

Piecework

Training Wage

Subminimum Wage Provisions

Other Payroll Categories

Chapter 4 Deductions

Voluntary Deductions

Involuntary Deductions

Pre‐tax Deductions

Chapter 5 Taxes

Tax Numbers

Employee Taxes

Chapter 6 Tax Penalties

Chapter 7 Workweek, Pay Period, Payday

Workweek

Pay Frequency (Pay Period)

Payday

Chapter 8 The Law

Federal

FMLA (Family Medical Leave Act)

Affordable Care Act

New Hire Reporting

Labor Posters

Davis‐Bacon and Walsh‐Healy

The Equal Pay Act (EPA)

Part II Running a Payroll

Chapter 9 Collecting Time

Time Clocks

Timesheets

Salaried Employees' Time

Chapter 10 Calculating Payroll

Calculate Earnings Hourly

Overtime If a Staff Member Works Different Positions at Different Rates

Additions to Earnings

Reductions to Earnings

Chapter 11 Paying Your Employee

Method of Payment

Wages for Deceased Employees

Chapter 12 Taxes Depositing and Filing

Part III Additional Essential Components

Chapter 13 Record keeping

Internal Revenue Service

Department of Labor.

Family and Medical Leave Act (If You Have 50 Employees or More)

Title VII of the Civil Rights Act of 1964 and the Americans with Disability Act of 1990

The Age Discrimination in Employment Act of 1967

The Immigration Reform and Control Act

Payroll and Direct Deposit Records in General

Employee Handbook/Policy Manual

Medical Insurance

Chapter 14 Workers' Compensation Insurance

What Is Workers' Compensation Insurance?

Monopolistic States versus Nonmonopolistic Workers' Comp States

Cost of Workers' Comp Coverage

Chapter 15 Payroll Security and Internal Controls

Manuals and Procedures

Who Are You Hiring?

Internal Controls

Disaster Recovery

Form 944

Chapter 16 US Citizens Abroad, Resident and Nonresident Aliens, and Illegal Aliens

Nonresident Alien Services Performed Outside the United States

Paying Nonresident Aliens Inside the United States

Exceptions to Mandatory Withholding of FIT on Nonresident Aliens

Paying Illegal Aliens

Chapter 17 Other Issues

Professional Employer Organization (PEO)

Human Resource Management or HR

Escheat

Technology/Outsourcing

Federal Laws Based on the Number of Employees

The Employee Handbook/Policy Manual

Conclusion

Appendix: Payroll Tax Calendar

Glossary

Index

EULA.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781119704515

1119704510

9781119704539

1119704537

OCLC:

1181835023