Xero

MAY 17, 2022

Tax time will look a little different this year compared to last, with the conclusion of the JobMaker and JobKeeper schemes and business slowly returning to normal. However, most of us will have completed an EOFY using Single Touch Payroll (STP) before, so wrapping up the 2021/22 financial year should be smooth sailing. .

Payroll 218

Payroll General Ledger XERO Reconciling 218

Accounting Tools

JANUARY 30, 2024

What are Employer Payroll Taxes? Employer payroll taxes include taxes primarily related to employee benefits and unemployment funds. The employer is responsible for remitting both types of payroll taxes to the applicable governments.

Payroll 40

Payroll Tax Collections Auditing 40

Tipalti

MAY 12, 2023

Use our Payroll Tax Calculator to easily calculate payroll taxes for your business. Save time and ensure accuracy with Tipalti's advanced calculator.

Payroll 52

Payroll Tax 52

Accounting Tools

OCTOBER 25, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management How to Process Payroll The processing of payroll can produce errors in several places, which calls for a detailed process flow that also incorporates several controls. Process payroll again until these issues have been corrected.

Payroll 71

Payroll Data Entry Deposits Tax 71

Accounting Tools

NOVEMBER 1, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management The calculation of payroll involves the determination of gross pay , followed by the subtraction of deductions and payroll taxes to arrive at net pay. The calculation of payroll is a highly regimented process.

Payroll 75

Payroll Accruals Collections Tax 75

Accounting Tools

AUGUST 8, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management What are Payroll Taxes? Payroll taxes are imposed by a government on employee wages and salaries. These taxes must also be paid by a self-employed person. These funds are administered at the state level.

Payroll 40

Payroll Tax Auditing Accounting 40

Accounting Tools

SEPTEMBER 23, 2023

Related Courses Human Resources Guidebook Optimal Accounting for Payroll Payroll Management What is a Payroll Deduction? A payroll deduction is an itemized amount withheld by an employer from the gross pay of an employee. Employees usually authorize the amount of each payroll deduction by signing a deduction form.

Payroll 75

Payroll Tax Accounting Accounting 75

CSI Accounting & Payroll

NOVEMBER 27, 2023

If doing your own payroll is part of that, do you always remember to pay your payroll taxes and file returns on time? If not, you can owe payroll back taxes. At CSI Accounting & Payroll, we’ve worked with small business owners for over 50 years. How long can the IRS collect back payroll taxes?

Payroll 52

Payroll Tax Collections Accounting 52

Remote Quality Bookkeeping

MARCH 20, 2023

Payroll is the compensation you owe your employees for their work in your business. Payroll is calculated based on the gross pay minus all taxes and deductions that must be paid. One of the many duties an employer has is calculating payroll taxes for their employees and withholding them before delivering them their salary.

Payroll 52

Payroll Tax Bookkeeping Bookkeeping Services 52

Accounting Tools

SEPTEMBER 23, 2023

Related Courses Payroll Management The Balance Sheet What are Payroll Taxes Payable? Payroll taxes payable is a liability account that contains the combined total of payroll taxes deducted from employee pay and the employer portion of payroll taxes.

Payroll 40

Payroll Tax Accounting Accounting 40

Accounting Tools

OCTOBER 19, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management The payroll tax liability is comprised of the social security tax, Medicare tax, and various income tax withholdings. Social Security Tax The social security tax is set at 6.2%

Payroll 40

Payroll Tax Computation Collections 40

Xero

MAY 17, 2022

And this year is no different, with updates coming to payroll in FY23. . Starting from 1 July 2022, there are a number of government requirements that will impact how you manage payroll (including superannuation) for employees. So, what do these payroll changes mean for my business? . Let’s take a closer look.

Payroll 246

Payroll XERO Bookkeeping Tax 246

Counto

MARCH 27, 2024

Mastering Payroll Compliance: A Guide for Singapore SMEs In this guide, we’ll provide essential tips and best practices tailored to companies in Singapore, empowering business owners to streamline their payroll processes and avoid potential pitfalls.

Payroll 52

Payroll Reconciling Tax Auditing 52

Xero

JUNE 8, 2023

So if you’re looking to do the same (and tackle tax time while you’re at it), below are a few simple tips to consider ahead of the ‘23 year-end. Hire a tax pro to save yourself time and money Every small business owner needs a helping hand at tax time – especially retailers – who are notorious for wearing many hats.

Tax 229

Tax Payroll Bookkeeping XERO 229

Accounting Today

MARCH 27, 2024

Is the payroll specialist an endangered species? Are the days of the tax preparer who focuses on basic 1040s numbered? Is the age of the bookkeeper coming to an end?

Payroll 312

Payroll Bookkeeping Tax Accounting 312

Counto

FEBRUARY 23, 2024

Payroll Outsourcing vs Payroll Software in Singapore: Making the Right Choice for Your Business What is Payroll Software Payroll software streamlines and automates tasks like wage calculation, tax handling, and government submissions. What is Payroll Outsourced? What is Payroll Outsourced? Absolutely!

Payroll 52

Payroll Tax 52

Nolan Accounting Center

AUGUST 15, 2023

Due to the size and demands of the company, larger corporations have separate departments to handle processes including inventory management, bookkeeping, budgeting, payroll, and more. However, business owners learn quickly that they are limited with time and resources with these functions, especially small business payroll.

Payroll 87

Payroll Deposits Small Business Accounting Budgeting 87

Counto

JANUARY 11, 2024

How to Change Your Payroll Provider End of the pay cycle often brings stress to business owners, who are tasked with running accurate payroll. Despite spending hours on payroll processing, many still encounter errors. That’s why many businesses opt for professional payroll services in Singapore.

Payroll 52

Payroll Budgeting Reconciling Tax 52

Counto

FEBRUARY 12, 2024

10 Questions To Ask When Outsourcing Payroll Services Employee payroll is one of the top functions that companies look to outsource because it goes a long way in establishing a successful business. There are many service providers out there, but ask yourself the following questions when outsourcing your payroll.

Payroll 52

Payroll Tax Accounts Payable Accounts Payable 52

Xero

APRIL 25, 2024

From tax to payroll – our masterclasses have you covered Our education team is bringing you masterclasses on the topics that matter most in your practice. This year, we’re bringing our popular masterclasses back, along with a whole team of Xero experts to help you cultivate an efficient and rewarding practice.

XERO 192

XERO Payroll Tax Bookkeeping 192

CSI Accounting & Payroll

SEPTEMBER 16, 2023

Professional accounting and payroll helps you to avoid financial surprises and covers you when issues or opportunities do arise. At CSI Accounting & Payroll, we've helped insurance agents with their accounting and payroll since the 1960s. Why not have the same protection for your agency’s finances?

Payroll 98

Payroll Accounting Accounting Small Business Accounting 98

CSI Accounting & Payroll

AUGUST 8, 2023

After focusing on treating the different things that cause them discomfort or distress, you don't want to slow down enough to put in the extra hours that accounting and payroll require. At CSI Accounting & Payroll, we've helped mental health practices with their payroll and monthly accounting for more than 50 years.

Payroll 97

Payroll Accounting Accounting Small Business Accounting 97

Counto

JANUARY 19, 2024

Common Questions about Payroll in Singapore Answered Payroll management involves various complexities that can leave business owners with numerous questions. In this comprehensive guide, we’ll shed light on specific payroll concerns for businesses in Singapore. What Are the Essential Components of Payroll?

Payroll 52

Payroll Record Keeping Computation Tax 52

CSI Accounting & Payroll

APRIL 16, 2024

When small business owners think about taxes, they mostly have one thing in mind: to owe the smallest amount legally possible. To do this, they seek out professional tax advice, planning, and strategies – but what are the differences between these three things, and do they all offer the same value? What is tax planning?

Tax 52

Tax Bookkeeping Services Payroll Bookkeeping 52

Accounting Tools

JANUARY 30, 2024

What are Payroll Internal Controls? Payroll internal controls are installed within a business to ensure that the personal information of employees is protected, as well as to ensure that payments made to employees are calculated correctly. These controls are most necessary when there is a high risk of failure within a payroll system.

Payroll 40

Payroll Auditing Financial Statements Accounting 40

Xero

APRIL 30, 2024

Ledger — annual tax basics to help prepare and submit annual tax returns for simple non-trading clients Cashbook — bookkeeping essentials for non GST registered clients. From 1 July 2024, Xero Cashbook + GST and Xero Cashbook + Payroll will no longer be sold. What will happen to my plan on 1 July 2024?

XERO 246

XERO Payroll Bookkeeping Tax 246

Accounting Tools

OCTOBER 4, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management What is Payroll Expense? Payroll expense is the amount of salaries and wages paid to employees in exchange for services rendered by them to a business.

Payroll 40

Payroll Accruals Auditing Tax 40

Accounting Tools

OCTOBER 3, 2023

Related Courses Human Resources Guidebook Optimal Accounting for Payroll Payroll Management What is a Payroll Cycle? A payroll cycle is the length of time between payrolls. Taxes and benefit deductions must then be subtracted from the calculated gross pay amount to arrive at the net pay for each person.

Payroll 40

Payroll Deposits Collections Accounting Software 40

Accounting Tools

JUNE 20, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management What are Payroll Journal Entries? Payroll journal entries are used to record the compensation paid to employees. The key types of payroll journal entries are noted below. All of these journal entries are noted below.

Payroll 40

Payroll General Ledger Accounts Payable Accounts Payable 40

Xero

JULY 3, 2022

Earlier this month, Caveo Partners took to Xero’s social channels to ask small business owners which questions they wanted answered come tax season. How often should I see my advisor at tax time? . How do I know if I’ll end with a tax bill or a tax refund? Beyond tax time, what value can an advisor add to my business? .

Tax 276

Tax XERO Bookkeeping Budgeting 276

CSI Accounting & Payroll

FEBRUARY 1, 2024

When you do your own payroll or you’re just starting payroll with the assistance of a payroll service, you may wonder if your payroll is following all of the rules. The first thing that comes to mind is the federal government since it’s the largest authority that your payroll has to be in compliance with.

Payroll 52

Payroll Auditing Accounting Accounting 52

LedgerDocs

AUGUST 3, 2023

What is a Payroll Deduction Payroll deductions are an amount of money withheld from a paycheck by an employer to be used to pay taxes and cover any benefits that are provided such as retirement contributions or health insurance premiums. Below is a list of common payroll deductions. on the next $42,185 10.5%

Payroll 72

Payroll Tax Deposits Collections 72

Counto

JANUARY 11, 2024

A Quick Guide to Payroll for New Businesses in Singapore Introduction: Navigating Singapore’s intricate payroll regulations can be a daunting task, especially for small and medium-sized enterprises (SMEs) that make up the majority of the country’s businesses. Time is money.

Payroll 52

Payroll Financial Statements Tax Accounting 52

Accounting Tools

OCTOBER 26, 2023

Related Courses Payroll Management The Balance Sheet What is Net Payroll Payable? Net payroll payable is the cash amount of compensation payable to employees as of a reporting date. Related Articles Federal Income Tax Withholdings Payable FICA Tax Payable Payroll Taxes Payable Wages Payable

Payroll 40

Payroll Tax 40

Accounting Tools

APRIL 7, 2023

Related Courses How to Audit Payroll Optimal Accounting for Payroll Payroll Management What is Accrued Payroll? Accrued payroll is all forms of compensation owed to employees that have not yet been paid to them. The key components of accrued payroll are salaries , wages , commissions , bonuses, and payroll taxes.

Payroll 40

Payroll Accruals Tax Auditing 40

Outsourced Bookeeping

FEBRUARY 16, 2023

The payroll department is responsible for the delivery of payroll checks, maintenance of employees’ and ex-employees records, wage deduction, calculation of bonuses & overtime, and most importantly, ensuring compliance. The trouble is much more when businesses miss tax deadlines.

Payroll 52

Payroll Outsourced Bookkeeping Bookkeeping Tax 52

Outsourced Bookeeping

FEBRUARY 16, 2023

The payroll department is responsible for the delivery of payroll checks, maintenance of employees’ and ex-employees records, wage deduction, calculation of bonuses & overtime, and most importantly, ensuring compliance. The trouble is much more when businesses miss tax deadlines.

Payroll 52

Payroll Outsourced Bookkeeping Bookkeeping Tax 52