Most employers are familiar with payroll tax withholding for employees, but fewer understand backup withholding. Despite the name, backup withholding is not a secondary payroll tax or emergency tax process. It is a federal tax withholding requirement that applies in...
When employers think about payroll taxes, they usually think about obligations, filing deadlines, and compliance. What often gets overlooked are the payroll tax credits and incentives that may help reduce those costs. Many businesses qualify for credits they never...
The Internal Revenue Service today announced a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an Employee Retention Credit (ERC) claim to avoid...