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What’s Your Payroll Tax Deposit Schedule? If You’re Not Sure, Read This

When you have employees, your responsibility isn’t just to pay them. You also need to pay the IRS their share, too. How often you pay the IRS depends on your payroll tax deposit schedule. But, not all employers follow the same schedule. Your schedule, and thus payroll tax deposit due dates, depends on the type […]

Read More What’s Your Payroll Tax Deposit Schedule? If You’re Not Sure, Read This

Updates to the Income Tax Withholding Tables and What You Need to Know

Like past years, the IRS is working on changes to the income tax withholding tables for 2023. When released, use these updated tables to calculate federal income tax on employee wages in 2023. In addition to the annual tax rate and bracket changes, employers can still use the optional computational bridge released in 2021.

Read More Updates to the Income Tax Withholding Tables and What You Need to Know

Form W-9 vs. W-4: What Are the Right Forms for Employees and Contractors?

You must withhold the right amount of taxes on employee wages when paying employees. But what if you need to pay an independent contractor? To keep tax information straight between independent contractors and employees, you need to know the difference between Form W-9 vs. W-4. Read on for the scoop.

Read More Form W-9 vs. W-4: What Are the Right Forms for Employees and Contractors?

Employee Discounts: A Morale & Sale Boost in One 

Want to encourage employees to sport your company’s apparel? Or, looking for an employee benefit that’s appealing to new hires? You may consider offering employee discounts. Employee discount programs for small business come with several business benefits, like increased retention and sales. But before offering them, understand what qualifies as an employee discount and whether […]

Read More Employee Discounts: A Morale & Sale Boost in One 

“Do I Need to Pay That?” All About FUTA Tax Exemption

As an employer, you’re responsible for many different payroll taxes, including FUTA tax (aka, federal unemployment tax). But in some cases, you may not be responsible for paying FUTA tax. In fact, some businesses are exempt from the tax altogether. Get to know all about FUTA tax exemption and whether or not your business has […]

Read More “Do I Need to Pay That?” All About FUTA Tax Exemption
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