Payroll

Large, privately held companies in the United States are outpacing their publicly traded counterparts in two key performance metrics, sales growth and profitability, according to an analysis of financial-statement information from 2010 to 2014 by the financial information company Sageworks.

Small businesses with one to 10 employees saw a month-over-month increase in hiring of one-tenth of a percent this month, according to the payroll provider SurePayroll.

In addition to overseeing the daily operation of their business, small business owners rely on accountants to provide guidance on how to comply with changing rules, regulations and laws on the state and federal level.

H&R Block has created a new program to draw CPAs and other accountants who are interested in selling their practices or becoming H&R Block franchises, with the new service spearheaded by accounting industry consultant Jennifer Katrulya.

Private sector employers added 218,000 jobs in July in a further sign of the rebounding economy, although the pace of job growth slackened from last month, according to the latest national employment report from payroll giant ADP.

Payroll processor Paychex and the research firm HIS reported an increase in small business employment in July, with states like Washington and Michigan leading the way.

Employees of U.S. small businesses saw their average paychecks rise for the first time this year, according to online payroll provider SurePayroll.

One of the most closely watched and discussed issues in Washington this year is tax reform.

U.S. small business employment grew for the fourth consecutive month in June, adding 20,000 jobs, according to Intuit.

Private sector employment increased by 281,000 jobs in June, showing signs of a strengthening economy, according to payroll giant ADP’s monthly national employment report.

Payroll service provider Paychex is seeing signs of improvement in employment at small businesses in the first six months of 2014, although it has also found a slight drop-off in the past two months.

Sole proprietors and practitioners mainly generate their revenue during tax season from tax preparation clients, but there are other opportunities for them.

Nearly two times as many startup business owners cite the U.S. tax structure over health care reform as the issue they anticipate having the biggest impact on their business this year, according to a new survey by the payroll technology provider Paychex.

Paychex has acquired nettime solutions, LLC, a cloud-based time and attendance systems provider.

Small businesses are the lifeblood of the U.S. economy and a big reason why millions of Americans have jobs and successful careers.

Employers added 179,000 jobs in the private sector in May, according to payroll giant ADP, although the pace of job growth slowed somewhat from April.

Check out the digital edition of the June 2014 issue of Accounting Today.

Employers owed the Internal Revenue Service approximately $14.1 billion in delinquent Social Security, Medicare and individual federal income taxes that they had withheld from employee paychecks as of June 30, 2012, and the Internal Revenue Service is being urged to do more to assess penalties against them.

Payroll giant ADP has put together a new infographic comparing in-house versus outsourced services for handling payroll taxes.

Paychex has a list of the top 10 regulatory issues facing small businesses this year.