If you are a small business owner who earns self-employment income from your business, you must pay self-employment tax. Like all taxes, there is a specific form to calculate and file self-employment tax. Do you know what form to use for self-employment tax?
Read More The Basics of Schedule SE
Form W-2 is a document that details what you paid an employee during a calendar year. It shows their gross wages, withheld taxes, and other withholdings.
Read More What Is the Form W-2 Deadline?
If you’re an employer who’s required to offer health insurance to employees, you may be familiar with Form 1095-C. But, how much do you know about Form 1095-C’s counterpart, IRS Form 1094-C? Get the inside scoop on what is Form 1094-C, how it differs from a 1095-C form, and more.
Read More What Is IRS Form 1094-C?
Do you employ a household employee? Or, are you thinking about potentially hiring one? If so, you should know that hiring a household worker is not synonymous with hiring regular employees. When it comes to being a household employer, you must prepare for additional responsibilities. One of your newfound responsibilities is filing a Schedule H […]
Read More What Is a Schedule H, and Are You Obligated to File One?
Meeting deadlines is stressful when you’re running a business. Many small business owners are especially stressed when it comes to meeting IRS tax filing deadlines. Don’t you just wish you had a way to extend your filing due date? Cue Form 8809.
Read More Need a Filing Extension for W-2s, 1099s, and More? File Form 8809
Do you know what payroll history is? It’s important payroll information that can help you avoid errors and maintain your business records.
Read More Why Is Payroll History Important to Your Business?
Various types of employers must withhold taxes from employees’ wages, including employers hiring farm workers. If you are an agricultural employer, you likely withhold taxes from your employees’ pay. And, you are responsible for reporting wages on IRS Form 943. So, what is Form 943?
Read More Form 943: What to Know About Agricultural Withholding
As a small business owner, you have likely heard of IRS Form 941. If you file IRS Form 941, do you know the steps you must follow for Form 941 reconciliation? Find out how to reconcile Form 941 and why reconciliation is important for your small business.
Read More What to Know About Form 941 Reconciliation
Running your business? You’re a pro. Understanding Form W-2? Probably not so much. But when you have employees, you’re responsible for withholding taxes from their employees’ wages and reporting the amount to the government. Not to mention, employees need Form W-2 to file their individual tax returns.
Read More With This Guide, You’ll Be Reading and Understanding Form W-2 Like a Pro
Do some or all of your staff make a good deal of their income off of tips? Wait staff, bartenders, and taxi drivers depend on tip income. Just like wages, tips have a few tax-related requirements that come with them. If your employees make more than $20 per month in tips, you may wonder how […]
Read More Can a Tip Reporting Sheet Simplify Your Life? Yes! Here’s How.