Workful | Your Small Business Resource Blog

What is the FedNow service?

The COVID-19 pandemic has had a significant impact on the global economy. To mitigate the economic fallout, the United States government has implemented various measures to support the economy, including the FedNow service. In...

Female independent contractor woman working in a modern office

An Employer’s Guide to Form 1099-NEC

This article was last edited on 9/8/2020. For updated information on Form 1099-NEC, visit https://www.irs.gov/forms-pubs/about-form-1099-nec. Beginning in tax year 2020, you will need to file Form 1099-NEC to report any nonemployee compensation you paid during the...

business owner looking at computer while on phone

How to Switch Payroll Providers in 7 Steps

If your current payroll provider is no longer meeting your needs, it might be time to switch companies to software that will better serve your business. Just thinking about changing can be overwhelming but...

Blank Form W-4, Employee’s Withholding Certificate, beside a calculator and glasses

An Employer’s Guide to Form W-4

This article was last edited on 8/10/2020. For updated information on Form W-4, visit https://www.irs.gov/forms-pubs/about-form-w-4.  Form W-4, Employee’s Withholding Certificate, must be completed by workers in the U.S. to tell their employers how much federal...

woman using a calculator to determine payroll taxes

How to Calculate Payroll Taxes

This article was up to date as of 7/29/2020. For updated information on employment taxes, visit https://www.irs.gov/forms-pubs/about-publication-15-t. As an employer, you’re required to withhold certain taxes from your employees’ paychecks. You’re also required to...

woman runs payroll for her small business on a computer

Payroll Guide for New Small Businesses

As a new small business owner, you may have heard the phrase “running payroll,” which means paying your employees. It’s a rite of passage for new small businesses because it means you’ve grown to...