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How To Avoid The Five Biggest Payroll Mistakes Small Businesses Make

How To Avoid The Five Biggest Payroll Mistakes Small Businesses Make

HOW TO AVOID THE 5 BIGGEST PAYROLL MISTAKES SMALL BUSINESSES MAKE As a small business owner, you’ve got a lot on your plate. There are so many aspects to running a business and you’re taking care of most of them on your own. Sometimes it can be hard to know where your priorities should lay. Unfortunately, payroll is shoved to the bottom of the list more often than it should be. You understand necessary it is, but there’s just so…

Payroll Services: Compliance Updates For 2017

Payroll Services: Compliance Updates for 2017

STATE UNEMPLOYMENT TAXES UNCHANGED FOR 2017 ICYMI: Florida Department of Revenue issued the 2017 reemployment tax rate notice to Florida employers during the month of December. It is important that employers are cognizant of the Florida reemployment tax rates that are in effect. The minimum rate will remain at $7.00 per employee per year (no change from last year). It is equally important to note that employers are only required to pay this tax up to the first $7,000 of…

Payroll Service Buying Guide For 2017

Payroll Service Buying Guide for 2017

Payroll Service Buying Guide for 2017 Between running a business, processing payroll and all of the administrative work that comes with having employees, you have a hefty workload that never seems to lighten up. Inevitably, you will be stretched thin and either unable to commit as much time to tasks as they deserve, or you will rush to get as much done as humanly possible, eventually leading to costly mistakes. Yes, growing a business takes a great deal of work…

Team iBiz Christmas Party 2016

What a terrific evening we had all together to kick off the holidays! Huge thanks goes out to the whole team at Innovative Dinning for an incredible evening. Special shout-out to head chef, Jeremy Hammond-Chambers for knocking it out of the park with his incredible line-up of decadent delicacies and libations, not to mention the incredible crab and lobster spring roll cooking class we all took part in! There were games, prizes, a lively game of Jelly Bean Roulette and countless…

Branching Out

Branching Out

Hitting a Milestone: iBiz Office Expansion On November 1st, 2016 iBusinessSolutions hit a milestone by opening a new office location in Fort Myers, Florida! We would like to especially thank our partners at AWA Insurance for their support in this initiative and working diligently to service our clients in the Fort Myers area. Our New Fort Myers Location AWA Insurance is located at 13700 6 Mile Cypress Parkway in Fort Myers and specializes in property and casualty insurance. Given the expertise…

Six Reasons To Use HCM Technology

Six Reasons to use HCM technology

Most human resource professionals are well aware of the Human Capital Management (HCM) movement. The right HCM technology will streamline HR processes and save the company time and money, both of which should be considered for your ROI. A recent Nucleus Research study included companies of various sizes and industries and revealed many noteworthy items that confirm implementing HCM can significantly impact your business. HCM provides hard savings: • HCM technology returns an average of $9.13 for each $1.00 spent.…

Unemployment Taxes For Florida Employers Decrease In 2015

Unemployment Taxes for Florida Employers Decrease in 2015

In 2015, Florida employers will see a decrease in their state unemployment taxes (now referred to as reemployment taxes). Previously Now Minimum Tax Rate: $30 per employee/per year $16.80 per employee/per year Maximum Tax Rate: $432 per employee/per year $378 per employee/per year Employers that have an experience-based tax rate that falls somewhere between the minimum and maximum tax rates should also see similar decreases. The Wage base for each employee will also be decreasing for 2015. Employers will now…

New IRS Guidance

New IRS Guidance

The IRS has recently issued guidance on how qualified retirement plans (such as 401K plans, profit sharing plans, defined benefit pension plans and 403B plans) should apply the Supreme Court’s 2013 Windsor decision, which ruled that same-sex marriages must be recognized for all federal tax purposes. While the IRS had already issued guidance indicating that all qualified retirement plans would need to prospectively recognize all same-sex marriages, it had not addressed whether plans would need to be retroactively amended to…

Payroll Tax Problems: What Small Business Owners Should Know

Payroll tax issues can cause you to lose your business and depending on how your business is set up, you can lose your personal assets too. The IRS is focusing on increased tax compliance efforts on small business across the nation. The best measure to combat the possibility of a business payroll tax issue is prevention. iBusinessSolutions payroll services include payroll taxes, payroll laws, employee deductions and so much more. Click here for a free consolutation on our full line of payroll services.…

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