Every year, you are required to send Form W-2 to employees by the January 31 Form W-2 filing deadline. Hopefully, those forms will get to your employees. But, some forms might come back to you as undeliverable, especially if you have incorrect employee addresses on file. What should you do with Forms W-2 returned to […]
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Author:
Michele Bossart
Common W-2 Form Errors and How to Correct Them
Form W-2 errors are never a good thing. You may cause more work for yourself, delay tax returns and refunds for employees, and accumulate fines. You should carefully review information before you generate a W-2 form and send it to the Social Security Administration and your employees.
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What Is a Part-time Employee?
As a small business owner, you might not want to hire full-time employees for every position. You may decide to hire a part-time employee instead. What is a part-time employee?
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The Basics of Flexible Work Arrangements
Flexibility to balance work and life is a very important aspect of job satisfaction to 53% of employees. What are you doing to help employees improve their work-life balance?
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Bitcoin Payroll: Weighing the Pros and Cons for Small Businesses
Do you know how to pay employees? There are several methods, like checks, direct deposit, and … bitcoin? You have most likely heard of bitcoin or cryptocurrency while watching the news, reading a newspaper, or searching the internet. You may be asking yourself, What exactly is bitcoin? And, Is there such a thing as bitcoin […]
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What Is Form W-2?
As a small business owner, you should be able to answer “What is a W-2 form?” A W-2 form is a crucial document that reports an employee’s annual taxable wages and the amount of tax withheld from wages.
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Do You Need to File Form 940? If So, Here’s How
Did you employ workers at your small business this year? When you have employees, you need to handle employment taxes, like federal unemployment (FUTA) taxes.
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With This Guide, You’ll Be Reading and Understanding Form W-2 Like a Pro
Running your business? You’re a pro. Understanding Form W-2? Probably not so much. But when you have employees, you’re responsible for withholding taxes from their employees’ wages and reporting the amount to the government. Not to mention, employees need Form W-2 to file their individual tax returns.
Read More With This Guide, You’ll Be Reading and Understanding Form W-2 Like a Pro
Paid vs. Unpaid Internships: What Are the Risks?
Offering internships can be a great way to partner with your local university to train future leaders in your field. But there’s a point of contention … paid vs. unpaid internships. So, if you’re using unpaid interns instead of putting them on your payroll, you may be running afoul of the law.
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What Is the MCTMT Tax?
The Metropolitan Commuter Transportation Mobility Tax (MCTMT) was enacted in 2009 to provide funds for transportation, taxing income earned from wages and self-employment in 12 downstate counties in the state of New York.
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