For small business owners, making significant contributions towards employee retirement can be a challenge. Simplified Employee Pension (SEP) plans can be a great savings option.
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Deductions & Contributions Articles
Deductions & Contributions - Tips, Training, and News
What Are Payroll Liabilities?
August 20, 2026A business owner without liabilities is like a house without a door. You just don’t see it. And if you’re an employer, one of your many liabilities revolves around payroll. You can’t neglect or delay paying your payroll liabilities, or you may face disgruntled employees, IRS penalties, and upset payroll service providers. So, what are […]
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What Is Imputed Income?
August 20, 2026As an employer, you are likely familiar with reporting regular wages and taxes withheld on Form W-2. But, are you aware that you must report other amounts or payment types, such as imputed income? Learn what is imputed income, types, and how to report imputed income.
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What Is a Wage Garnishment? What Employers Need to Know
August 20, 2026You may have an employee whose wages are subject to garnishment at some point. What is a wage garnishment? And what do you need to do?
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What Is FICA Tax, and How Much Is It?
August 20, 2026As 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?
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What Is Child Support Withholding?
August 20, 2026Only 44% of custodial parents receive the full amount of child support. And when a parent doesn’t voluntarily meet their child support obligations, employers might be involved in the child support process.
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A Look at Qualified Pre-tax Deductions
August 19, 2026Do you need to withhold money from employee wages beyond taxes (e.g., garnishments or benefits)? Then you might be wondering when exactly you deduct the employee’s contributions (before or after taxes). Well, it depends. For accurate withholding, understand what are pre-tax deductions.
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Payroll Deduction Authorization Form: What to Include
August 12, 2026A payroll deduction authorization form is a signed document that lets an employer withhold a set amount from an employee’s pay for a specific purpose.
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Student Loan Garnishments: Do You Have to Start Withholding for the Government?
January 9, 2026Approximately 42 million people have federal student loans, and more than five million are in default. And as of January 2026, federal student loan wage garnishment is restarting. Employers will be responsible for garnishing employees’ wages if they are in default.
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What Is an HSA? 2026 HSA Contribution Limits and More
December 12, 2025Most 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?
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