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 […]
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Payroll Taxes - Tips, Training, and News
“Do I Need to Pay That?” All About FUTA Tax Exemption
October 26, 2022As 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 […]
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Who Pays Unemployment Tax? Understanding FUTA and SUTA Taxes
October 17, 2022When an employee becomes unemployed, they might qualify to receive unemployment benefits. Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? You or your employees?
Read More Who Pays Unemployment Tax? Understanding FUTA and SUTA Taxes
Are Reimbursements Taxable? Guidance on Employee Expense Reimbursement Plans
October 14, 2022Sometimes, an employee might pay for a business expense out of their own pocket. When that happens, you can reimburse the employee. An employee expense reimbursement does come with some complications. Are reimbursements taxable? Do you need to report the reimbursement? Find out below.
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A Breakdown of the Colorado Occupational Privilege Taxes
October 13, 2022A handful of cities in Colorado have a local tax called an occupational privilege tax. Both employees and employers owe it. If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are.
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State Income Taxes for Out of State Employees
October 11, 2022Each state’s income taxes are different. Some states have low taxes, some have high taxes, and some states don’t have income taxes at all.
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The Basics of Schedule SE
October 11, 2022If 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?
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Do Employers Have to Pay Unemployment Taxes?
October 10, 2022As a small employer, you have all sorts of payroll taxes to worry about: income taxes, Medicare tax, and Social Security tax. But, what about unemployment taxes? Do employers have to pay unemployment taxes?
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State Income Tax Exemption: Exempt or Not Exempt? That Is the Question
October 5, 2022Most of us would agree with the following statement: Employee wages are taxed federally and at the state level. But this isn’t always the case. Some employees can state income tax exemption.
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The Working Condition Fringe Benefit Is Tax-free. Who Knew?
September 28, 2022For many employers, nothing’s more confusing than employee benefits and payroll taxes. Are there any fringe benefits that are exempt from all payroll taxes? Yes, there are, and the working condition fringe benefit (spoiler!) is one of them.
Read More The Working Condition Fringe Benefit Is Tax-free. Who Knew?