With each payroll, you and your employees have to pay taxes. You collect and remit the money, but what are payroll taxes used for? What does the government do with that money?
Read More The Million Dollar Question: What Are Payroll Taxes Used For?
Patriot Software's Blog
How to Handle Tax Withholding for Children on Payroll
December 16, 2022Employers often have minors on their payroll. Children might work for you during the summer or after school. There are some important things you must remember when you hire children, such as child labor laws. You must also remember to withhold taxes from the wages of children on payroll.
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Can Your Employees Change W-4 Forms?
December 16, 2022New employees must complete Form W-4 before they start working at your business. With Form W-4, employees input information that determines their federal income tax withholding, which allows you to run payroll. To adjust their withholding, employees must change W-4 forms.
Read More Can Your Employees Change W-4 Forms?
Payroll Compliance Legislation and Common Mistakes
December 16, 2022When you run payroll, you must comply with payroll and labor laws. Brush up on payroll compliance legislation and common compliance mistakes so you can accurately run payroll without fear of penalties.
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What Does An Income Withholding Order Mean?
December 16, 2022In 2018, there were about 12.9 million custodial parents in the United States. Of those custodial parents, 49.4% had legal or informal child support agreements. As an employer, you might hire an employee at some point who has a child support agreement. If that happens, you might receive an income withholding order. If you do […]
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Payroll Tax vs. Income Tax
December 15, 2022Tax withholding comes with the territory of being an employer. Employment taxes can be broken down into payroll taxes and income taxes. Most people use the terms interchangeably. But when you hear about a payroll tax deferral, you probably want to know the exact difference between payroll tax vs. income tax.
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Federal Withholding Allowances Still Axed, But Some State Allowances Live On
December 15, 2022Withholding allowances used to be a way employees could adjust how much money employers take out of their paychecks for federal income tax. Although the IRS removed withholding allowances for federal income tax in 2020, they’re still out there, through pre-2020 W-4 forms and state income tax.
Read More Federal Withholding Allowances Still Axed, But Some State Allowances Live On
New AZ State Income Tax Form Requires Employer Action
December 15, 2022Arizona employers, you may know that Senate Bill 1828 substantially reduced the state’s income taxes starting with the 2022 tax year. But did you also know that it requires employer action for the 2023 tax year? You must now give all employees, not just new hires, a new AZ state income tax form.
Read More New AZ State Income Tax Form Requires Employer Action
Self-employed Payroll: Paying Yourself When You’re the Boss
December 14, 2022If you’re self-employed, you need to have a game plan when it comes to payroll. Self-employed individuals are responsible for withholding and remitting different taxes than other workers. If you want to ensure you’re compliant, learn more about self-employed payroll.
Read More Self-employed Payroll: Paying Yourself When You’re the Boss
How to Do Payroll: Your Step-by-step Guide on Paying Employees
December 14, 2022If you’re becoming an employer or already have employees, you must learn how to do payroll. Handling payroll is an important employer responsibility with many steps. Familiarize yourself on how to do payroll by learning about what payroll information you need to gather and the steps you need to follow to pay employees.
Read More How to Do Payroll: Your Step-by-step Guide on Paying Employees