There are many advantages to owning a business. One of them is the tax advantages to hiring family members when the business is structured as a sole proprietor or partnership.

When employing a child under the age of 21, the wages are exempt from FUTA tax. Furthermore, if the child is under the age of 18, wages are exempt from Social Security and Medicare (FICA) taxes. If the parent is employed by the child, the wages are exempt from FUTA taxes. Every state is different, but in Tennessee, the SUTA taxes are exempt in all three scenarios.

Every situation is unique so if you have further questions, feel free to give Payroll Cents a call at (865) 607-1658

Most people don't think about check security until they are a victim of check fraud. Business owners are not excluded from this type of theft. There are several ways for thieves to change the dollar amount on a regular business check with today’s sophisticated scanners, copiers, and printers that makes reproducing checks easy.

Since Payroll Cents writes more checks than most companies, only check paper with several security features are used. Another secure way to pay your employees is to have direct deposit.

If you are concerned about the security of your checks, call or email Payroll Cents to find out more about your secure options.