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El. knyga: Payroll Book: A Guide for Small Businesses and Startups

4.60/5 (10 ratings by Goodreads)
  • Formatas: EPUB+DRM
  • Išleidimo metai: 29-Jul-2020
  • Leidėjas: John Wiley & Sons Inc
  • Kalba: eng
  • ISBN-13: 9781119704515
Kitos knygos pagal šią temą:
  • Formatas: EPUB+DRM
  • Išleidimo metai: 29-Jul-2020
  • Leidėjas: John Wiley & Sons Inc
  • Kalba: eng
  • ISBN-13: 9781119704515
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"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"--

The Payroll Book is the only book that demystifies payroll with clear, concise, and real-world examples on how to tackle the process.

"The Payroll Book will be a valuable resource for the small business owner as well as for the entrepreneur planning a new venture. Thorough, well-organized, and thoughtfully written, this practical guide is an essential tool for managing the payroll process."
—Marilyn K. Wiley, Dean, College of Business, University of North Texas

"Failing to comply with the withholding, tax remittance, and report filing requirements in handling business payroll carries a high cost. Charles' book will guide entrepreneurs through the minefields of payroll processing and reporting in language that business owners can understand. Whether you already own or are planning to start your own business, The Payroll Book is an essential tool."
—James A. Smith, Past President and Chairman, Texas Society of CPAs

"If accounting is something you have not paid keen attention to in your startup, then this book can demystify the whole thing for you and then some! Logically set-up and highly practical in its approach! I highly recommend this book for any startup, entrepreneur, and, frankly, anyone thinking about starting a business. That said, if you already started a business it's just as important—this is a must-read!"
—Hubert Zajicek, CEO, Co-founder and Partner, Health Wildcatters

"Wow! This is the most comprehensive book of its kind. I have worked in payroll for over 25 years, and I would recommend this book as a reference to anyone who has a hand in payroll. From the novice just entering the field to the seasoned veteran, there is something in this book for everyone."
—Romeo Chicco, President, PayMaster

Preface ix
How to Use this Book ix
Icons Used x
PART I PAYROLL SETUP
Chapter 1 Business Entity
3(6)
Corporation
3(2)
Partnership
5(1)
Sole Proprietorship
6(1)
Limited Liability Company (LLC)
7(2)
Chapter 2 Employees And Nonemployees
9(16)
You
9(1)
Family Members
9(3)
Employees Versus Independent Contractors
12(7)
Statutory Employees and Statutory Nonemployees
19(2)
Children
21(1)
Volunteers
21(1)
Interns
22(2)
Religious Workers
24(1)
Chapter 3 Earnings
25(38)
Salary
25(8)
Executive Exemption
33(1)
Administrative Exemption
33(1)
Professional Exemption
34(2)
Highly Compensated Employees
36(1)
Additional Guidance
37(1)
When an Employer May Make Deductions from Salary Payroll
37(1)
Hourly Wage
38(1)
Basic Provisions/Requirements
39(12)
Piecework
51(1)
Training Wage
51(2)
Subminimum Wage Provisions
53(1)
Other Payroll Categories
54(9)
Chapter 4 Deductions
63(32)
Voluntary Deductions
63(5)
Involuntary Deductions
68(19)
Pre-tax Deductions
87(8)
Chapter 5 Taxes
95(28)
Tax Numbers
96(1)
Employee Taxes
97(26)
Chapter 6 Tax Penalties
123(6)
Chapter 7 Workweek, Pay Period, Payday
129(4)
Workweek
129(1)
Pay Frequency (Pay Period)
130(1)
Payday
131(2)
Chapter 8 The Law
133(28)
Federal
133(7)
FMLA (Family Medical Leave Act)
140(5)
Affordable Care Act
145(1)
New Hire Reporting
146(5)
Labor Posters
151(4)
Davis-Bacon and Walsh-Healy
155(1)
The Equal Pay Act (EPA)
156(5)
PART II RUNNING A PAYROLL
Chapter 9 Collecting Time
161(6)
Time Clocks
161(4)
Timesheets
165(1)
Salaried Employees' Time
165(2)
Chapter 10 Calculating Payroll
167(10)
Calculate Earnings Hourly
167(2)
Overtime If a Staff Member Works Different Positions at Different Rates
169(1)
Additions to Earnings
170(1)
Reductions to Earnings
171(6)
Chapter 11 Paying Your Employee
177(10)
Method of Payment
177(7)
Wages for Deceased Employees
184(3)
Chapter 12 Taxes Depositing And Filing
187(4)
PART III ADDITIONAL ESSENTIAL COMPONENTS
Chapter 13 Record Keeping
191(6)
Internal Revenue Service
192(1)
Department of Labor
192(1)
Family and Medical Leave Act (If You Have 50 Employees or More)
193(1)
Title VII of the Civil Rights Act of 1964 and the Americans with Disability Act of 1990
193(1)
The Age Discrimination in Employment Act of 1967
194(1)
The Immigration Reform and Control Act
194(1)
Payroll and Direct Deposit Records in General
195(1)
Employee Handbook/Policy Manual
195(1)
Medical Insurance
195(2)
Chapter 14 Workers' Compensation Insurance
197(10)
What Is Workers' Compensation Insurance?
197(3)
Monopolistic States versus Nonmonopolistic Workers' Comp States
200(1)
Cost of Workers' Comp Coverage
200(7)
Chapter 15 Payroll Security And Internal Controls
207(16)
Manuals and Procedures
207(2)
Who Are You Hiring?
209(10)
Internal Controls
219(2)
Disaster Recovery
221(1)
Form 944
222(1)
Chapter 16 Us Citizens Abroad, Resident And Nonresident Aliens, And Illegal Aliens
223(8)
Nonresident Alien Services Performed Outside the United States
224(1)
Paying Nonresident Aliens Inside the United States
224(2)
Exceptions to Mandatory Withholding of FIT on Nonresident Aliens
226(1)
Paying Illegal Aliens
226(5)
Chapter 17 Other Issues
231(20)
Professional Employer Organization (PEO)
231(4)
Human Resource Management or HR
235(1)
Escheat
235(2)
Technology/Outsourcing
237(1)
Federal Laws Based on the Number of Employees
238(4)
The Employee Handbook/Policy Manual
242(9)
Conclusion 251(2)
Appendix: Payroll Tax Calender 253(2)
Glossary 255(30)
Index 285
CHARLES J. READ, CPA, has over 40 years of experience in the payroll industry and is the founder of Custom Payroll Associates and GetPayroll. He is a US Tax Court Practitioner, member of the IRS Advisory Council and a United States Marine Corp veteran.