Employers juggle many responsibilities, including calculating and withholding payroll taxes and other deductions. But, what exactly does payroll taxes include? And, how do you know how much to withhold from employees’ wages? If you’re wondering about understanding payroll taxes, never fear. Your payroll taxes breakdown is here.
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Author:
Mike Kappel
Mike Kappel, serial entrepreneur and CEO of Patriot Software, offers payroll advice from more than 30 years of experience to small business owners.
The Social Security Wage Base Is Your Cue to Stop Withholding This Tax
Paying Social Security tax is a time-honored tradition since 1937. Both employers and employees pay the tax. But when an employee hits the Social Security wage base, it’s game over for withholding and contributing the tax.
Read More The Social Security Wage Base Is Your Cue to Stop Withholding This Tax
What Is an HSA? 2026 HSA Contribution Limits and More
Most businesses offer employee benefits in addition to regular wages. Common employee benefits can range from different insurance options to types of retirement plans. Some employees have the option of opening an HSA. What is an HSA?
Read More What Is an HSA? 2026 HSA Contribution Limits and More
A Section 125 Plan: The Overview for Employers
Offering competitive benefits attracts, satisfies, and retains top talent. Benefits include everything from retirement plans to health insurance coverage. When you dive into different small business employee benefits, you might consider a section 125 plan.
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FSA vs. HSA: What’s the Difference? (+ Quick Reference Chart)
When it comes to health coverage, there are a lot of options out there. FSAs and HSAs are healthcare plans that cover medically-related expenses not included under a traditional health plan. Do you know the difference between an FSA vs. HSA?
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What Is an FSA (Health Flexible Spending Account)? 2026 FSA Limits & More
As an employer, you can offer various benefits to your employees. There are pre-tax and post-tax benefits for employees to enjoy. One plan you can offer employees is a health, or medical, FSA. So, what is an FSA?
Read More What Is an FSA (Health Flexible Spending Account)? 2026 FSA Limits & More
Lookback Period: What’s Your Deposit Schedule for 2026?
Do you know how often you need to deposit federal income, Social Security, and Medicare taxes? You can’t deposit the taxes whenever you feel like. Your deposit frequency is based on a lookback period. So, what is a lookback period?
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What Is Bonus Pay?
When you first start your business and hire employees, you might be worried about how you’ll make payroll each pay period. But once your business is firmly planted, you might be able to give more money to your employees. One thing you might want to offer employees is bonus pay.
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A Year-end Payroll Checklist to Finish the Year Strong
As the year comes to a close, you might be gung-ho about all the goals you want to achieve next year. But before you can get the ball rolling in the new year, you must wrap up some things in the current year, including your payroll.
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What Is FUTA Tax? Understanding the Federal Unemployment Tax Act
The tax world is overflowing with funky-sounding acronyms, and FUTA might be the strangest one out there. You may be wondering, What is FUTA tax?
Read More What Is FUTA Tax? Understanding the Federal Unemployment Tax Act