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Do you have an employee who lives in one state but works in another? If so, you typically withhold state and local taxes for the work state. The employee would still owe taxes to their home state, which could turn into a hassle for them. Or could it? Cue reciprocal agreements.
Read More Which States Have Reciprocal Agreements … and What Does That Mean?
As an employer, you probably offer your employees some types of fringe benefits. From health insurance to employee stock options to paid time off, there are a number of benefits out there. These benefits can impact your fringe benefit rate. So, what is a fringe benefit rate?
Read More What in the World Is a Fringe Benefit Rate?
If you have employees who work in hazardous conditions, you may want to give them additional compensation for performing dangerous job duties. This is where hazard pay comes into play. Learn all about hazard pay, whether or not it’s mandatory, and how to create a hazard pay policy.
Read More Caution Ahead! Have You Heard of Hazard Pay?
As an employer, you’re responsible for withholding and remitting payroll taxes. But, what happens if you don’t pay them? Who takes over the unpaid payroll tax burden? Keep reading to find out who is responsible for unpaid payroll taxes.
Read More Uh-oh … Who Is Responsible for Unpaid Payroll Taxes?
Most business owners are familiar with their minimum wage responsibilities. But if you take on a federal or state government contract, you also need to know about prevailing wages. What are prevailing wages?
Read More What Are Prevailing Wages?
Businesses. Workers. Investors. The government. Everyone uses the unemployment rate to measure how well the economy is doing. You might keep an eye on the national rate, but what about unemployment rates by state?
Read More Unemployment Rates by State, and What it Means for Your Business
Small business owners have certainly been through the ringer in 2020. The Paycheck Protection Program (PPP) was a lifeline many business owners were willing to grab, but there were some strings attached. Complicated rules and unanswered questions left many people scrambling.
Read More Form 3508, 3508EZ, or 3508S: Which Version Should You Use for PPP Forgiveness?
Shuttered businesses. Major updates for compliance with COVID-19 regulations. Quarantine fatigue.
Read More Here’s What You Need to Do If You Have Out-of-state Remote Workers
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?
ABA numbers are unique numbers assigned to financial institutions to allow funds transfers between different banks. Although this practice is also prevalent in other countries, the nine-digit format is unique to the United States. ABA numbers are known by several other terms, namely Routing Transit Numbers (RTN), ABA Transit Numbers, and ABA Routing numbers.
Read More What Is an ABA Number?
