There are a million things you have to manage when running your business. Whether or not you want to admit it, payroll taxes should be one of your top concerns. Payroll taxes generally include Social Security and Medicare. But, many states have additional taxes that employers need to deduct from employee wages. California payroll tax […]
Read More California Payroll Tax: What You Need To Know About the Golden StatePayroll Taxes Articles
Payroll Taxes - Tips, Training, and News
Are Gift Cards Taxable?
Want to show your employees you appreciate their hard work throughout the year? You might decide to distribute gift cards to your employees. But before you start doling them out, you need to know …. Are gift cards taxable?
Read More Are Gift Cards Taxable?
The PA Employer’s No-fuss Guide to Payroll Tax in Pennsylvania
Payroll tax in Pennsylvania is notoriously difficult, confusing, and overwhelming for new and veteran employers alike. And when it comes to payroll, you probably don’t want to waste time making preventable payroll mistakes.
Read More The PA Employer’s No-fuss Guide to Payroll Tax in Pennsylvania
What Is the MCTMT Tax?
The Metropolitan Commuter Transportation Mobility Tax (MCTMT) was enacted in 2009 to provide funds for transportation, taxing income earned from wages and self-employment in 12 downstate counties in the state of New York.
Read More What Is the MCTMT Tax?
What Is Unemployment Insurance?
When an employee becomes unemployed at no fault of their own, that worker can receive a small amount of money to help them make ends meet during unemployment. That money comes from unemployment insurance. Unemployment insurance is funded by payroll taxes.
Read More What Is Unemployment Insurance?
Referral Bonus Payouts: Don’t Cut That Check! Your Guide Has Arrived
Found the best new hire thanks to an employee referral program? Great! Next on the agenda is paying out the referral bonus to the referring employee.
Read More Referral Bonus Payouts: Don’t Cut That Check! Your Guide Has Arrived
A Closer Look at Medicare and Medicare Taxable Wage
As an employer, you’re responsible for payroll taxes, like Medicare tax. So, what’s the purpose of Medicare tax? And, what does it include? Keep reading to get a brief rundown. Medicare tax overview Medicare taxable wage is defined as gross earnings minus non-taxable income. Gross earnings are made up of the following: The non-taxable wages […]
Read More A Closer Look at Medicare and Medicare Taxable Wage
Neglecting the Nanny Tax Won’t Help the Medicine Go Down
You may follow all the rules when it comes to running payroll for your small business employees, but what about your household workers? Regardless of whether you are an entrepreneur, employing a household worker makes you an employer. And as an employer, you are required to pay household employment taxes, otherwise known as the nanny […]
Read More Neglecting the Nanny Tax Won’t Help the Medicine Go Down
What Is Local Income Tax?
Here’s another tax to add to the payroll checklist: local income tax. Cities, counties, small areas, and localities across the country have a local income tax for individuals working or living in the area. But, what is local income tax? What are your responsibilities? What is local income tax? So, what is local tax exactly? […]
Read More What Is Local Income Tax?
Your Go-to Minnesota Federal Loan Interest Assessment Guide
Update! On April 29, 2022, Minnesota signed a Trust Fund Replenishment bill into law, changing the 2022 Special Assessment (Federal Interest Loan Assessment) from 1.80% to 0.00%.
Read More Your Go-to Minnesota Federal Loan Interest Assessment Guide