One of the most common mistakes businesses make is not having the right status for a worker. The options are employees or self-employed.An independent contractor (IC) carries out an...
Posted by Carmen Garcia on 01/18/2021
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
The US tax system is set up on both the federal and the state level. There are several taxes which citizens must file. These taxes include: income tax, capital gains and sales tax....
Posted by Don Bell Law on 10/01/2020
President Trump announced he is thinking about a payroll tax break that would return cash to ordinary Americans' pockets, yet it could affect subsidizing for Medicare and Social...
Posted by Flynn Financial Group Inc on 09/25/2019
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
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
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
If your independent company has workers for which you prepare payroll checks, you are required to deposit payroll during that time for taxes due on payroll checks issued. Since most...
Posted by Tax Crisis Rescue on 05/29/2019
