Having employees is an amazing feeling. But learning the responsibilities of being an employer can be daunting. One responsibility you have once you hire employees is learning how to calculate payroll taxes and withholding taxes from their paychecks. For accurate withholding, learn how to calculate payroll taxes here.
Read More How to Calculate Payroll Taxes: A Look at Social Security and Medicare Tax CalculationsPayroll Taxes Articles
Payroll Taxes - Tips, Training, and News
How to Fill Out Form 941 (2024): Step-by-step Instructions to Fill Out Form 941
If you have employees, you likely need to fill out and file Form 941 each quarter. Form 941 is jam-packed with different sections and calculations, which leaves room for errors. Need Form 941 instructions? Avoid major Form 941 mistakes and here learn how to fill out Form 941 line by line here.
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Alabama Overtime Tax Law: Tax Break for Employees, Required Reporting for Employers
Understand the new Alabama overtime tax law that exempts employees’ overtime earnings from state income tax. Get the details and reporting requirements for businesses.
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New W-4 Form: IRS Makes Minor Changes to 2024 Form, Allowances Still Out
The new W-4 form for 2024 is now available. Unlike the big W-4 form shakeup of 2020, there aren’t significant changes to the new W-4 form. But that doesn’t mean you shouldn’t familiarize yourself with it.
Read More New W-4 Form: IRS Makes Minor Changes to 2024 Form, Allowances Still Out
Income Tax Withholding Tables: Updates and What You Need to Know
The IRS has released the 2024 tax brackets, along with updated income tax withholding tables for employers. Use these updated tax tables to calculate federal income tax on employee wages in 2024.
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The Best Payroll Software for Small Business, Based on Reviews
Software can make payroll—and your life—much easier. But, choosing a payroll system can be overwhelming. And as a savvy business owner, you want to find the best payroll software for a small business. You can look at small business payroll software reviews to help you choose.
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ERC Voluntary Disclosure Program Gives Businesses a Discount on Questionable Claims
Aggressive promotion, scams, and ERC mills—that’s the drama surrounding the employee retention credit (ERC). The ERC was a lifeline for small businesses struggling to stay open during the pandemic. But bad actors quickly pounced on the opportunity. “ERC mills” began aggressive marketing campaigns advising employers to apply (even if they didn’t qualify) and collecting hefty […]
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How to Choose a Payroll Service for Your Small Business
Payroll software makes paying employees a breeze by calculating federal, state, and local taxes. If you’ve decided you want to use software to run payroll, you can put away your calculator and income tax withholding tables (hooray!). But, do you know how to choose a payroll service?
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Just How Much Does an Employer Pay in Payroll Taxes?
You know that paying someone comes at a cost. In addition to giving employees their paychecks, you also have the cost of payroll taxes. So, how much does an employer pay in payroll taxes? Keep reading to learn more about the employer cost of payroll taxes.
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How to Do Payroll Yourself: A Quick and Comprehensive Guide
If you’re thinking about hiring employees, you need a plan for payroll. But with the added expense of wages and benefits, you might not be too keen on the high price tag that comes with outsourcing payroll. Fear not—you can learn how to do payroll yourself.
Read More How to Do Payroll Yourself: A Quick and Comprehensive Guide
