Tax Season for this year is currently underway, with that being said several tax forms are also in process. One of these forms is the W-2, Wage and Tax Statement for employees. Regardless...
Posted by Freddie Cook, CPA on 02/27/2020
One of your core duties as an employer is to inform your employees of the specific tax situations that may affect them. One of these situations is a notification regarding the labor...
Posted by Advanced Accounting & Tax Planning on 02/15/2020
Among your duties as a business is the necessity to gather, report, and pay payroll taxes as required by government and state laws. Peradventure you are a corporate officer or other...
Posted by John Pournaras Agency on 07/29/2019
Business losses reduce taxable income and many good freelance businesses incur losses which is somewhat a good thing since it means you pay less in taxes. A business loss could mean...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/26/2019
Collecting, reporting, and paying payroll taxes are among the many responsibilities an employer has as required by federal and state laws. If you are a “responsible party”,...
Posted by YourIRSTaxAdvocate.com on 06/25/2019
Form W-2 is the statement you provide employees after the end of each year, with information on their gross pay, Social Security and Medicare pay, federal and state income tax withholding,...
Posted by Flynn Financial Group Inc on 04/09/2019
Employees who get money tips of $20 or more while working for you, are required to report to you the aggregate sum of tips they get. The workers must give you written reports by the...
Posted by Accounting Advantage, Pa on 03/08/2019
IRS Account Review at a Glance:IRS account information is not available or readable.You can get the required information by requesting your IRS tax transcripts.Transcripts provide...
Posted by Valderas Financial Solutions LLC on 02/28/2019
What do payroll taxes pay for?The federal government levies payroll taxes on wages and uses most of the revenue to fund Medicare, Social Security, and other insurance benefits focusing...
Posted by Flynn Financial Group Inc on 02/19/2019