Every small business owner needs to make sure they take care of all taxes for their business and workers, be it local, state or federal taxes, including payroll taxes. All businesses...
Posted by Rosovich & Associates, Inc. on 09/19/2021
On January 19, the Treasury Department and the IRS released a final rule to help tax-exempt nonprofits comply with excise tax which is considered excessive under Section 4960 of the...
Posted by Unifirst Financial & Tax Consultants on 03/15/2021
Most Americans are familiar with federal and state income taxes, but payroll taxes are not well understood.Payroll taxes are types of taxes applied to earned income: wages, salaries,...
Posted by James Financial Services Inc on 03/09/2021
From the beginning of 2021, the highest earnings that will apply to the SS (Social security) payroll tax will rise from 137,700 to 142,800 dollarsAccording to the increase in the national...
Posted by Abundant Wealth Planning LLC on 11/19/2020
Payroll taxes are those filed by employers. In order to file payroll taxes, employers must account for amounts withheld from each paycheck paid to employees. Employers are required...
Posted by BEST FINANCIAL GROUP LTD on 02/14/2018
As an owner of a small business your main aim is to probably get your business growing at a steady rate in the market so that you can pay all your employees on time. Failure to...
Posted by Income Taxes and Bookkeeping LLC on 01/04/2016
Payroll taxes are all taxes collected by federal, state, and local governments based on wages paid to employees. All businesses that have employees must deduct these taxes from the...
Posted by SG Quality Accounting Corp. on 06/03/2021
Many small businesses are slammed with tax penalties for errors that can be avoided. This article will explore these mistakes to keep you from turning out thousands of dollars in penalties...
Posted by Tucker Accounting Services LLC on 05/18/2021
The IRS assesses penalties and interest on the employer's account when they fail to collect, report, and remit payroll taxes. You may be personally liable for failure to withhold...
Posted by Carmen Garcia on 03/31/2021
