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  • What Is an ITIN?

    What Is an ITIN?

    posted by Mike Kappel
    Newest Article
  • What Is an ITIN?

    For identification and tax reporting purposes, both employers and workers need Taxpayer Identification Numbers (TINs). These numbers let the IRS identify you when you fulfill your reporting and filing requirements. One Taxpayer Identification Number you should know about is the ITIN. What is an ITIN?

    Everything You Need to Know About Payroll Software Before Getting Started

    Starting a new payroll system can be scary, especially if you’re running payroll for the first time or if you used a different payroll method before. While there are some things you’ll have to adjust to, payroll software doesn’t have to stress you out.

    What Is Educational Assistance?

    Many employers offer educational assistance as a benefit to employees. Educational assistance can help you attract and keep employees. And, it can help employees learn skills and move up in your company. Offering this benefit is a win-win for everyone.

    But, having an educational assistance program is only truly beneficial if you set it up correctly. You must consider tax laws plus the needs of your business and employees.

    What is educational assistance? How can it benefit your business? How do you set up a program? Who is eligible for educational assistance, and is education reimbursement taxable? Find out below.

    What Is an FSA?

    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 an FSA. What is an FSA?

    What Is an HSA?

    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?

    What Is Form 944?

    As an employer, you are required to withhold taxes from employee wages. You must then file and deposit the federal payroll taxes. In most cases, companies are required to file quarterly federal payroll and income taxes. But, sometimes, very small businesses can file Form 944 once a year instead. What is IRS Form 944?

    What Is Time and a Half?

    Generally, employees will work their set hours, and you will pay them their regular rate of pay. Sometimes, employees might have to work more time. If this happens, you may have to pay your employees a higher rate of pay called time and a half.  

    How and Why to Make an Employee Pay Adjustment

    Sometimes you must change an employee’s pay—for good or bad. You must do certain things to ensure a smooth adjustment of the employee’s wages. Before you change an employee’s wages, make sure you understand pay adjustments and how to make them.

    What Is Form SS-8?

    As a business owner, you might hire workers to help streamline your business processes. When you bring someone on board, one of your responsibilities is to decide whether they are an independent contractor or employee. If you have trouble with this determination, you can file Form SS-8. What is Form SS-8?

    What Does FICA Tax Include?

    When you own a business, you are responsible for making tax payments to the IRS. If you have employees, you must handle FICA tax. What does FICA tax include, and what are FICA taxes used for, anyway? Read on to find out.

    What Is an ITIN?

    For identification and tax reporting purposes, both employers and workers need Taxpayer Identification Numbers (TINs). These numbers let the IRS identify you when you fulfill your reporting and filing requirements. One Taxpayer Identification Number you should know about is the ITIN. What is an ITIN?

    Everything You Need to Know About Payroll Software Before Getting Started

    Starting a new payroll system can be scary, especially if you’re running payroll for the first time or if you used a different payroll method before. While there are some things you’ll have to adjust to, payroll software doesn’t have to stress you out.

    What Is Educational Assistance?

    Many employers offer educational assistance as a benefit to employees. Educational assistance can help you attract and keep employees. And, it can help employees learn skills and move up in your company. Offering this benefit is a win-win for everyone.

    But, having an educational assistance program is only truly beneficial if you set it up correctly. You must consider tax laws plus the needs of your business and employees.

    What is educational assistance? How can it benefit your business? How do you set up a program? Who is eligible for educational assistance, and is education reimbursement taxable? Find out below.

    What Is an FSA?

    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 an FSA. What is an FSA?

    What Is an HSA?

    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?

    What Is Form 944?

    As an employer, you are required to withhold taxes from employee wages. You must then file and deposit the federal payroll taxes. In most cases, companies are required to file quarterly federal payroll and income taxes. But, sometimes, very small businesses can file Form 944 once a year instead. What is IRS Form 944?

    What Is Time and a Half?

    Generally, employees will work their set hours, and you will pay them their regular rate of pay. Sometimes, employees might have to work more time. If this happens, you may have to pay your employees a higher rate of pay called time and a half.  

    How and Why to Make an Employee Pay Adjustment

    Sometimes you must change an employee’s pay—for good or bad. You must do certain things to ensure a smooth adjustment of the employee’s wages. Before you change an employee’s wages, make sure you understand pay adjustments and how to make them.

    What Is Form SS-8?

    As a business owner, you might hire workers to help streamline your business processes. When you bring someone on board, one of your responsibilities is to decide whether they are an independent contractor or employee. If you have trouble with this determination, you can file Form SS-8. What is Form SS-8?

    What Does FICA Tax Include?

    When you own a business, you are responsible for making tax payments to the IRS. If you have employees, you must handle FICA tax. What does FICA tax include, and what are FICA taxes used for, anyway? Read on to find out.

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