As an employer, you’re responsible for withholding certain taxes from employees’ wages. One of the taxes you may need to withhold is local income tax. Read on to get the scoop on this tax, and learn how to calculate local income tax.Read More How to Calculate Local Income Tax in 6 Simple Steps
Do you have questions about your tax situation that nobody can seem to answer? If so, you may need a private letter ruling from the IRS. What exactly is it, and how do you get it?Read More What Is a Private Letter Ruling from the IRS?
If your business is private, at some point or another you may consider going public. When you go public, you go through an IPO process. So, what is an IPO? Read on to learn the ins and outs of an IPO, what the process entails, and the pros and cons of going public.Read More What Is an IPO? The Process of Going Public
At some point or another, you may decide to incorporate your company. Like many things in business, incorporation has its advantages and disadvantages. Read on to learn the pros and cons of incorporating a business to determine if it’s a good fit for your company.Read More What are the Pros and Cons of Incorporating a Business?
Expenses. We can’t escape them. But with careful attention, you can use them to reduce your tax liability. When you know what business expenses to deduct, you’ll be certain you’re paying no more than needed. So, without further ado, what are business expenses?Read More What Are Business Expenses?
As an employer, withholding taxes from employee wages is all part of the job. In addition to federal income tax withholding, you may also need to handle state income tax withholding. Unlike federal income tax, state income tax rules and rates vary by state. So, what is state income tax?Read More What Is State Income Tax?
When you own or work for a business, you receive earned income. But, not all income is earned income. Both business owners and employees should understand what is earned income to determine tax liability and tax credit eligibility.Read More What Is Earned Income?
Canton, OH Patriot Software (“PATRIOT”), a SaaS provider of online accounting software and payroll for tens of thousands of American businesses, is evaluating its options for long-term strategic partnerships.Read More Patriot Software Seeks Strategic Partner for Accounting & Payroll SaaS
As a business owner, you’re responsible for recording your company’s transactions. And to support your entries, you should be keeping adequate documentation. This accounting documentation acts as an audit trail for your business. Read on to learn what is an audit trail and why it is essential for your small business.Read More What Is an Audit Trail, and How Does It Impact Your Business?
Part of being an employer is withholding taxes from your employees’ wages before giving them their paychecks. That’s why you need to understand taxable wages before you run payroll.Read More What Employers Need to Know About Taxable Wages