Rachel Blakely-Gray

Running payroll means staying on top of your employment tax responsibilities. In addition to withholding income and payroll taxes from employee wages, you must contribute employer taxes. Unlike some other taxes, state unemployment taxes do not have a standard rate. Read on to answer, What is my state unemployment tax rate?

In 2020, eligible employees in every state could receive paid family leave … temporarily, under the Families First Coronavirus Response Act. But outside of this expired emergency legislation, there are only a handful of states that require paid family leave.

In 2020, the IRS released the long-awaited new W-4 form, shaking up how employers handle income tax withholding. Because the IRS only made the new form mandatory for new hires and employees making Form W-4 changes, some employers might be unfamiliar with it.

Like past years, the IRS released changes to the income tax withholding tables for 2021. Use these updated tables to calculate federal income tax on employee wages in 2021. In addition to the annual tax rate and bracket changes, there is also a new, optional computational bridge.

Does your small business need financial assistance as a result of the coronavirus pandemic? If so, one of the biggest federal initiatives for small businesses is the Paycheck Protection Program.

Financing. Choosing a business structure. Hiring employees. Getting licenses and permits. As you cross these tasks off your business startup checklist, you might begin to lose a little momentum. And then you see—towards the bottom of your list—Set up a payroll system…

Once you send Forms W-2 to your employees, you don’t have to worry about the annual form until next year. Or, do you? If you don’t know how to fill out Form W-2, you may run into problems.