Category: Payroll Service

Attention Business Owners and Employees now is the time to maximize your contribution limits or claim any losses during tax prep. This is the time. Our economy is fragile going into an election year. Please take a moment to review all the IRS Rules and Regulations to make sure you are compliant.



At Garden State Payroll, companies never have to worry about annual audits or finance charges because we provide Pay As You Go compensation coverage.  GSP has the ability to free up cash flow through our Pay As You Go Insurance. The Insurance Premium is deducted on a payroll to payroll basis unlike traditional Workers Compensation

Wage Garnishments: Avoid Costly Penalties

 Wage Garnishment is a process where an employer withholds the earnings of an employee in order to pay his or her debt.  The debt could be something that the employee acquired due to child support, student loans or any unpaid fines.  The court notice to withhold a certain amount of money is sent to the employer, and
the employer is required to garnish those employee’s wages.

There are some rules and regulations that the employers have to follow otherwise they can be
severely penalized:

  • Employers are not allowed to discharge or release any employees because of any garnishments of wages.
  • Employers are allowed to take out up to 50% of disposable earnings for child support, bankruptcy or federal and state tax payments.  However, they can only
    withhold up to 25% for rest of the debt reasons.
  • The court notice says the time of the garnishment, so the employers can stop garnishing the wages after the time has passed.

Garnishing employee’s wages can get complicated for the employers when there is more than one garnishment to be paid.  Usually, the first garnishment order the employer receives gets paid first but there is an exception when there is a federal student loan garnishment.  Different types of garnishments have different withholding limits and employers can be severely fined for not properly adhering to the laws.

Garden State Payroll can help employers deal with the strenuous task of following the proper rules and regulations.  Along with calculating the garnishments accurately, GSP will make sure the wages are garnished at appropriate times. The employers would not have to worry about the garnishments, and they can focus on growing their businesses.

For more information about Wage Garnishments or any other payroll related tasks, contact Garden State Payroll.

Contact GSP:

Peter Johnson at Toll Free: 877-898-0415


Pay Cards

A card, that looks like a debit card, which allows you to access the money from your paycheck.  GSP can have paycheck deposited into a VISA branded card for those employess who do not have a bank account.  Just like a direct deposit, a pay card saves employers the money and inconvenience to distribute pay checks.

On September 27, 2010, the President Obama passed The Small Business Jobs Act of 2010.  The act consists of some important tax provisions that encourage investment and increase capital for a small business to drive economic recovery.  These provisions mentioned below are extended through January 1, 2012:

  • According to the act, the investors who invest their money into certain small businesses can exclude up to 100% of capital gain from selling the stock.
  • Eligible small businesses are now allowed to carry back general business credits five years instead of the previously established law for one year.
  • Those businesses which treat the cost of certain property as an expense rather than a capital expenditure will be eligible for expense deduction.
  • When calculating self-employment tax, some small business owners can deduct the cost of health insurance for themselves and their family.

The Small Business Jobs Act of 2010 gives small business owners an opportunity to utilize the deductions and help grow their businesses.  Along with numerous deductions, the act also increases the maximum amount for SBA loan programs from $2 million to $5 million.  Moreover, small business investors do not have to worry about paying taxes on up to 100% of the capital gain.

Take the advantage of the SBA 2010 today!! To know what deductions your business is eligible for, contact Garden State Payroll at 732-353-6803 or email us at

Lower Your Unemployment Rate Today!!

State labor law posters and federal labor law posters have been changing more frequently than ever because there has been so much legislative activity in the employment area in the past few years—and this trend is continuing.

Among the labor law topics that are getting the most attention right now on compliance posters are wage and hour regulations, family leave, sick leave, discrimination, child labor and occupational health and safety.

The numerous state minimum wage laws that passed across the country prior to the 2007 federal minimum wage increase are an example of these changes.

Ten states now have minimum wage rates that adjust annually (Arizona, Colorado, Florida, Missouri, Montana, Nevada, Ohio, Oregon, Vermont and Washington).

A common misconception about compliance posters is that they only change at the first of the year.  Although there are usually more state changes in January because of laws that go into effect then, state labor law posters can change at any time.

Each state has its own posting requirements, and these are found in the individual labor laws.  (Poster requirements for federal labor law posters are also found in the federal laws.)  Some states—like California, Louisiana and New Jersey—require 10 or more state posters while others require as few as two.

Posters are required most often by states are wage and hour regulations, family leave law, sick leave regulations, health and safety, child labor, unemployment, workers’ compensation and discrimination.

When a new state or federal labor law passes, it does not mean a new poster is automatically required or even that an existing poster will be amended.  This is because not all laws include a posting requirement.

If there is a new poster requirement, the poster may be delayed while final regulations are drafted to carry out the law, hearings are held for public comment or the issuing agency determines the content and wording to use on the posters

FICA Tip Credit is a credit for Employer Social Security Paid with respect to Employee’s Cash Tips. Only an employer in food or beverage industry, where the employees are getting tips, is applicable to receive the credit. If you paid Social Security and Medicare taxes on these tips, then you
deserve the tip credit based on how much tax you paid on those tips.

This FICA Tip Credit can be hundreds of dollars depending on the size of the company and how many employees you have.  Your business is eligible to receive credit for any Social Security and Medicare taxes it pays beyond the federal minimum page.  In other words, no credit is given for tips used to meet the federal minimum hourly wage rate.

To receive more information or to know about how to get the FICA Tip Credit, contact Garden State Payroll at or
give us a call at 877-898-0415

New regulations require all paid tax return preparers to obtain a PTIN. Renewals
for 2012 are expected to start in October 2011. In the future, some preparers
will need to pass a competency test and background check, and take continuing
education courses. For more information, see,,id=210909,00.html

Garden State Payroll- Is a New Jersey based Company servicing the TRI-STATE AREA. GPS INC. is a Trade Marked name recognized for quality service. GSP, offers all the
same great services that our larger payroll competitors. We just do it at a
significant cost savings…. You might ask HOW can we do the same for less? It’s easy, while Garden State Payroll works for OUR CLIENTS and their NEEDS. Our larger competitors worry about Wall Street, not Main Street USA. We specialize in Main Street USA and we always will!!! We specialize in New Jersey Based businesses in Newark, NJ… Jersey City and Hoboken, New Jersey. Our Brand has a significant presence in Atlantic City, New Jersey… So Business owners in New Jersey (Garden State), New York and PENN. Give us a Shot and see the SAVINGS and the VALUE 877-898-0415…