Payroll Tax

Payroll taxes are an essential but often misunderstood aspect of payroll. Whether you're an employee or an employer, understanding payroll taxes is crucial for managing your finances and staying compliant with tax regulations. In this article, we will break down the basics of payroll taxes,...

The payroll tax rates and contribution limits for 2023 have been released, and there are lots of changes. Click through to see exactly what is changing so you can make plans for the coming months. Social Security tax In 2023, the Social Security tax rate is 6.2% for...

Mobile workers have become an important and growing part of the modern workforce. Cloud computing and ubiquitous high-speed internet have enabled many industries to support remote workers. Businesses offering either fully remote or hybrid work flexibility have experienced increased competition for top talent during the...

Some small businesses pay employment tax quarterly while others may pay it just once a year. The IRS advises small business owners to review the rules for filing two commonly used employment tax returns. The two forms are: •  Form 941, Employer's Quarterly Federal Tax Return •  Form...

If you run a business, you need to know about the following forms. Form W-2 Employers must complete a Form W-2 for each employee. Employee wages, taxes withheld and other payroll related information are reported annually on the W-2. However, W-2s aren't filed directly with the IRS....

Your company is growing, and now you have an office full of employees and the questions that come along with that responsibility, such as figuring out each person's tax liability based on their W-4 forms and calculating overtime for nonexempt staff. Did you know you...

WASHINGTON -- President Trump's monthslong insistence on a payroll-tax cut continues to shape discussions over the next round of economic relief despite a lukewarm reception from economists and lawmakers in both parties. Mr. Trump's basic argument -- lower payroll taxes reduce hiring costs and put money in workers' pockets --...