Are you an employer in West Virginia? If so, you might have heard about House Bill 2526, a 2023 law that significantly cut individual income tax rates. As a result, your West Virginia income tax withholding might look a little different.
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Payroll Taxes - Tips, Training, and News
IRS Notice 2023-13 and SITCA: What Service Industry Employers Need to Know
Have you heard about the Service Industry Tip Compliance Agreement program, otherwise known as SITCA?
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Comprehensive Guide: Understanding Employee Withholding by State
As an employer, you have a million and one tasks to take care of. One of these oh-so-important responsibilities is withholding payroll taxes from employee wages. And, your job doesn’t stop there. You also need to fill out and remit certain withholding forms to your state. Get to know all about employee withholding by state.
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Claiming Employee Retention Credit Retroactively: Extended Deadline and More Details
Looking for information on the ERC Voluntary Disclosure Program? Check out our article for more information. Think it’s too late to take advantage of the Employee Retention Credit? Think again. Employers now have until 2024 (and in some cases, 2025) to claim the credit retroactively. So, how do you know if you qualify for the […]
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5 Basic Payroll Tips to Start the Year Out Right
New years are for new beginnings. And with a new year just around the corner, now’s the time to get your payroll squared away. When it comes to payroll, experienced employers and those just getting started can learn new tips to make payroll easier than ever. Read on for payroll tips to start your year […]
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The Lowdown on New York’s ECEP Tax
If you’re an employer in the state of New York, you may have heard of the Employer Compensation Expense Tax (ECET) that started in 2019. But, did you know that the ECET, established by the Employer Compensation Expense Program (ECEP), is optional? Although you aren’t required to pay the ECET, you may choose to do […]
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What Are Payroll Deductions?
You know there are deductions to take out of your employees’ paychecks. But, are they pre-tax vs. post-tax deductions? What do you withhold from an employee’s take-home pay? What are payroll deductions? Read on to learn the different deductions you have to take out of each employee’s paycheck.
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What Is Medicare Tax? A Closer Look for Employers & Employees
If you have employees, you’re responsible for handling and paying Medicare tax. Like all things tax-related, Medicare tax can get complicated quickly. Read on to learn what is Medicare tax, what it funds, and how much it costs.
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The Million Dollar Question: What Are Payroll Taxes Used For?
With each payroll, you and your employees have to pay taxes. You collect and remit the money, but what are payroll taxes used for? What does the government do with that money?
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How to Handle Tax Withholding for Children on Payroll
Employers often have minors on their payroll. Children might work for you during the summer or after school. There are some important things you must remember when you hire children, such as child labor laws. You must also remember to withhold taxes from the wages of children on payroll.
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