Payroll

Last week we listed most of the payroll acronyms.  This week we are covering most of the Payroll Terminology that you can and will encounter. Common Payroll Terms – Accelerated Deposit Rule: Colloquially known as the “one-day rule,” the accelerated deposit rule requires employers that accumulate a payroll tax liability of $100,000 or more during a deposit period to deposit […]

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Do you get confused by the many acronyms used for describing payroll functions?  Here are most of the more prevalent and what they mean – EIN- Employer Identification Number which is issued by the IRS upon request. This should be issued for every company, but is mandatory for any company with employees. SSN- Employee’s Social […]

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