You may have an employee whose wages are subject to garnishment at some point. What is a wage garnishment? And what do you need to do?
Read More What Is a Wage Garnishment? What Employers Need to Know
You may have an employee whose wages are subject to garnishment at some point. What is a wage garnishment? And what do you need to do?
Read More What Is a Wage Garnishment? What Employers Need to Know
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
Employers often want to offer attractive compensation packages to bring in good employees. But, compensation goes beyond an employee’s hourly or salary wages. It also includes additional small business employee perks, known as fringe benefits. So, what are fringe benefits? And, what are the types of fringe benefits?
Read More What Are Fringe Benefits for Employees? Guide for Employers
As an employer, you must withhold certain taxes from employees’ wages. Then, file and deposit them with the proper agencies. One form your business may need to file to report payroll taxes withheld from employee wages is Form 944. Read on to get the scoop on what is Form 944 and whether or not your […]
Read More What Is Form 944, and How to Know If You Need to File One
If you’re an employer, you typically must withhold and remit federal income, Social Security, and Medicare taxes from employee wages. And to report wages paid and certain taxes withheld, you likely need to fill out Form 941. Read on to learn what is Form 941 and familiarize yourself with the form.
Read More What Is Form 941? Reporting Employee Wages and Payroll Taxes
When signing up for payroll services that include tax filing, you’ll be asked to fill out Form 8655. The company won’t be able to file or deposit your taxes until you submit the form. So, what is IRS Form 8655 used for? Find out below.
Read More What Is Form 8655?
In some industries, employees earn the bulk of their wages from tip income rather than hourly or salary pay. If you own a food or beverage establishment, your employees likely earn tips. Like regular pay, you still need to withhold taxes on tip income. And, you need to report tip earnings on Form 8027.
Read More Do I Need to File Form 8027?
Do you file Forms 1099-MISC or 1099-NEC? If so, you might mix up the forms, enter incorrect information, or use a form from the wrong tax year. If you make a mistake on either form, you may need to issue a corrected 1099.
Read More How to Issue a Corrected 1099 (MISC and NEC)
Withholding federal income tax from employee wages is a necessary (but tricky) part of running payroll. There is no standard amount you withhold from employee wages for federal income taxes. Instead, tax amounts are determined by factors like pay, Form W-4 withholding information, and filing status. But, what is filing status?
Read More What Is Filing Status, and How Does It Affect Payroll?
As an employer, you’re in charge of paying your employees … and handling those pesky employment taxes. One of the taxes you need to calculate and withhold is a payroll tax known as FICA. What is FICA tax?
Read More What Is FICA Tax, and How Much Is It?