Most 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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Payroll Taxes - Tips, Training, and News
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.
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Family Taxation: Are You Legally Taxing Your Loved Ones?
September 13, 2022Approximately 90% of small businesses are either family-owned or run by family members. If your business falls into the majority, you’ve likely hired a few (or more than a few) family members to work at your company. If you employ relatives, you need to make sure you’re staying legally compliant and taxing them correctly. Otherwise, […]
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Form 943: What to Know About Agricultural Withholding
September 6, 2022Various 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?
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What Is a Tax Gross up for Payroll?
August 30, 2022There might be a time you want to pay an employee a specific amount. But once you factor in taxes, that amount gets smaller. So how can you give an employee a certain net pay? Tax gross up.
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The Dangers of Doing Payroll by Hand and How to Avoid Them
August 26, 2022Doing payroll by hand can save your business money if you do it correctly. There are all sorts of laws, calculations, and taxes that you have to implement with precision. But, small business owners are busy, and many who do payroll by hand often make costly mistakes.
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The 0.9% Additional Medicare Tax You May Need to Withhold
August 10, 2022Calculate wages. Withhold taxes. Repeat. That’s the cycle of running payroll for you. But every so often, you’ll get a curveball that changes tax rates. And if an employee earns beyond a certain amount, that curveball is the additional Medicare tax.
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California Payroll Tax: What You Need To Know About the Golden State
August 3, 2022There 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 […]
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Are Gift Cards Taxable?
August 2, 2022Want 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?
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The PA Employer’s No-fuss Guide to Payroll Tax in Pennsylvania
July 20, 2022Payroll 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.
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