News & Events

The payroll tax compliance industry is one of the most complex due to the number of changing regulations and stringent penalties that are assessed. Since 1979 organizations of all sizes have turned to BSI as the recognized authority and thought leader in compliance. Browse the articles below to stay updated about current BSI innovations.

How to Reconcile Payroll Taxes: A Step-by-Step Guide for Employers

If you’ve ever found yourself squinting at a payroll report wondering why the numbers don’t quite line up, you’re not alone. Knowing how to reconcile payroll taxes is one of those behind-the-scenes tasks that quietly holds everything together. It’s not flashy. It’s not fun. But it’s essential. From making sure taxes withheld match your deposits […]

Independent Contractor Taxes: What Employers Need To Know

If you’re running a business and paying people to get work done, you’ve probably asked yourself this question: Do I need to pay payroll taxes on 1099 employees? Spoiler alert, there’s no such thing as a 1099 “employee.” That term alone is a contradiction. They’re either independent contractors or W-2 employees, and the difference matters. […]

Payroll Tax Deposit Schedules Explained

Running payroll isn’t just about cutting checks and calling it a day. Once you’ve paid your team, the IRS wants its share, and they want it on time. That’s where things can get a little tricky. When are payroll taxes due? Well, it depends on your business’s size, your payroll frequency, and how much tax […]

Guide: How Long To Keep Your Payroll Records

Payroll recordkeeping probably isn’t the first thing you think about when you roll into the office on a Monday morning. But trust us: it’s one of those quiet, behind-the-scenes duties that can make or break your business if not handled properly. If you’ve ever scrambled to pull up an old W-2 or explain a payroll […]

Most Common Payroll Mistakes and How to Avoid Them

Payroll may not be the flashiest part of running a business, but getting it right matters more than most people realize. When payroll errors creep into your payroll process, they tend to snowball into big headaches: frustrated employees, legal issues, unhappy auditors, and sometimes even stalled cash flow.  Whether you’re a small business owner, an […]