How familiar are you with the Ohio JEDD, short for Joint Economic Development District? If you’re an employer in Ohio, read up on what JEDD is and how the arrangement could affect how you pay taxes.
Read More Dear Ohio Employers: Here’s What to Know About the Ohio JEDDPayroll Taxes Articles
Payroll Taxes - Tips, Training, and News
What Is an FEIN? What to Know When Starting a New Business
Running a business means meeting a lot of government requirements and following a number of laws. One of the first things to do when starting your business is apply for an FEIN. But, what is an FEIN? And, do you have to have one? Keep reading to learn the answers to these questions and more.
Read More What Is an FEIN? What to Know When Starting a New Business
What Is EFTPS, and How Can it Benefit Your Business?
Let’s face it: paying taxes isn’t anyone’s favorite part of running their own business. The process can be time-consuming and filled with confusing paperwork. But, what if there was a way to make paying your federal taxes simple and fast? The good news is that the IRS has an EFTPS system that does just that […]
Read More What Is EFTPS, and How Can it Benefit Your Business?
You Received a Lock-in Letter … Now What?
Notices from the IRS are enough to stop you in your tracks. If you receive what is known as a lock-in letter, you need to take action. Don’t panic, though. Lock-in letters are easy to resolve and prevent in the future. Keep reading to learn more about lock-in letters, what they mean, and what you […]
Read More You Received a Lock-in Letter … Now What?
Form 944 vs. 941: Which Should You Use to Report Payroll Taxes?
Employers, this one’s for you. After withholding payroll taxes from your employees’ wages (and contributing the employer share), you need to deposit the taxes with the IRS. But that’s not all. You must also report the taxes on either Form 944 or 941. So, what’s the difference between Form 944 vs. 941?
Read More Form 944 vs. 941: Which Should You Use to Report Payroll Taxes?
Do Employees Pay Into Unemployment?
As an employer, you know you have to pay certain taxes, like unemployment taxes. But you may be wondering, Do employees pay into unemployment insurance? Get the scoop on whether or not your employees need to pay into unemployment.
Read More Do Employees Pay Into Unemployment?
Do You Have to Follow the IRS Next-Day Deposit Rule?
As an employer, it’s your responsibility to collect, file, and deposit payroll taxes with the proper agencies (e.g., IRS). Depending on your payroll and tax liability amount, you may need to deposit taxes more frequently. If you tend to have a heftier payroll, you need to learn about the Next-Day Deposit Rule.
Read More Do You Have to Follow the IRS Next-Day Deposit Rule?
Who Is Responsible for Unpaid Payroll Taxes?
As an employer, you’re responsible for withholding and remitting payroll taxes. But, what happens if you don’t pay them? Who takes over the unpaid payroll tax burden? Keep reading to find out who is responsible for unpaid payroll taxes.
Read More Who Is Responsible for Unpaid Payroll Taxes?
Unemployment Rates by State, and What it Means for Your Business
Businesses. Workers. Investors. The government. Everyone uses the unemployment rate to measure how well the economy is doing. You might keep an eye on the national rate, but what about unemployment rates by state?
Read More Unemployment Rates by State, and What it Means for Your Business
SUTA Tax Requirements for Employers: State-by-state Breakdown
As an employer, one of your responsibilities is withholding and paying certain taxes, like SUTA tax. But if you’re a new employer, this process can be a bit confusing at first. Read on to learn what the SUTA tax requirements are in your state.
Read More SUTA Tax Requirements for Employers: State-by-state Breakdown