TelePay Insurance

Did You Know - Workers' Compensation

By Tom Olsen, VP of Sales To kick off 2015, we are offering a workers’ compensation promotion for all of our clients. If you use TelePay Insurance for your workers’ comp needs, you will receive a 20% discount on your payroll service . Our pay-as-you-go service allows you to pay exact premiums at the time of payroll instead of estimated amounts each month or quarter. This means that come audit time, there will be no big surprises of either owing a large amount of money or being overcharged by you...
Continue reading
  29 Hits
  0 Comment
TelePay Insurance

Independent Contractor (Self-Employed) or Employee?

It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. You do not generally have to withhold or pay any taxes on payments to independent contractors. Select the Scenario that Applies to You: I am an independent contractor or in business for myself If you are a bu...
Continue reading
  29 Hits
  0 Comment
TelePay Insurance

President's Day Holiday Schedule

By Josh Contant, Facilities and Logistics Manager Monday, February 16 th is President’s Day.  Banks & Post Office are closed. TelePayroll will be open normal business hours. Direct Deposit Reminder: Any net pay to be credited to employee accounts on Monday, February 16, 2015 will not be credited to employee accounts until Tuesday, February 17 th due to the bank holiday. If you want to credit employee accounts on Friday, February 13 th  before the holiday, your payroll must be received by Thu...
Continue reading
  30 Hits
  0 Comment
TelePay Insurance

The Tax Corner - January 2015

 By Nancy Espinoza, Tax Manager IRS Releases 2015 Form W-4 The IRS has released the new 2015 W-4 form.  To access the form online, click here Employees who claimed exempt for 2014 must submit a new 2015 W-4 to employers by Feb. 18 to maintain their exempt status. If an employee fails to sign a 2015 W-4 showing exempt, the employer should withhold taxes for the employee based on a single with no exemption status. IRS Raises 2015 Standard Business Mileage Rate The standard business mileage rate fo...
Continue reading
  32 Hits
  0 Comment