All employers are responsible for reporting employee wage and tax information to the IRS. Many employers use Form 941 to report this information each quarter. But, some eligible small business owners use Form 944 to report wages and taxes annually instead. Are you one of them? If so, you need to learn how to fill […]Read More How to Fill Out Form 944: Step-by-step Guide
West Virginia Income Tax Rates: Here’s What Changed for WV Withholding in 2023
Are you an employer in West Virginia? If so, you might have heard about House Bill 2526, a 2023 law that significantly cut individual income tax rates. As a result, your West Virginia income tax withholding might look a little different.Read More West Virginia Income Tax Rates: Here’s What Changed for WV Withholding in 2023
Do Night Shift Workers Get Paid for Daylight Savings? And More Payroll Questions
Seven out of 10 Americans aren’t fans of changing the clocks at the start and end of daylight saving time (DST). And if you have employees who work the graveyard shift, you might not like the payroll issues that come with DST. So, how does daylight savings time work when employees are on the clock? […]Read More Do Night Shift Workers Get Paid for Daylight Savings? And More Payroll Questions
IRS Notice 2023-13 and SITCA: What Service Industry Employers Need to Know
Have you heard about the Service Industry Tip Compliance Agreement program, otherwise known as SITCA?Read More IRS Notice 2023-13 and SITCA: What Service Industry Employers Need to Know
SOC Codes and Mandatory Reporting: Does Your State Want Worker Classification Data?
“What’s your occupation?” Everybody gets this question—at the doctor’s office, when opening a new bank account, etc. People are curious. They want to know what it is exactly you do for a living. And if you’re an employer, the government wants to know what your employees do, too. To find out, federal and state agencies […]Read More SOC Codes and Mandatory Reporting: Does Your State Want Worker Classification Data?
Leasing a Commercial Space? Here’s What to Know
Maybe you started out running your business from your home or garage. Or, maybe you’re getting ready to launch a new business. Whatever the case may be, there might come a time when you need to rent an office, retail space, or warehouse. And if you do, you need to know the ins and outs […]Read More Leasing a Commercial Space? Here’s What to Know
When Is Busy Season for Accountants, Plus 5 Tips on Surviving
Late nights, long hours, and lots of coffee. Sound familiar? If you’re an accounting professional, this may happen to you throughout the year. But, there are a few times in particular when the work days get longer. Cue busy season. So, when is busy season for accountants? And, how can you survive it without burning […]Read More When Is Busy Season for Accountants, Plus 5 Tips on Surviving
Receipts for Taxes and Your Business: What Do You Need to Hang Onto?
Tax season might be once a year, but preparing for tax season is a year-round process. To back up your tax deduction claims, you need to keep business receipts. But, what kind of receipts for taxes do you need? And which small business receipts can you pitch?Read More Receipts for Taxes and Your Business: What Do You Need to Hang Onto?
Business Use of Vehicle: Drive Your Way to Tax Savings
How often do you drive to meet a client or your accountant? Do you frequently make bank runs for your business? Depending on your business use of vehicle, you may qualify for a nice-sized tax deduction.Read More Business Use of Vehicle: Drive Your Way to Tax Savings
Arizona Paid Sick Leave: Accrual Rate & Beyond
Do you need to give your employees paid sick leave? Several states have laws requiring it—including Arizona. If you’re an Arizona employer, you need to know your sick time responsibilities to stay compliant. So, are you ready to brush up on Arizona paid sick leave?Read More Arizona Paid Sick Leave: Accrual Rate & Beyond