taxes Tag

In the complicated world of ministerial pay, it is important to know that pastors and other ordained employees can receive a certain amount of money in compensation for basic living expenses. This is called a housing allowance, also known as a parsonage allowance or a...

Payroll and taxes are usually a confusing topic for businesses who can easily find themselves in trouble with the IRS if payroll taxes are not reported correctly. For churches and places of worship, payroll taxes can be especially tricky due to the dual-tax status of...

Payroll and taxes are a necessary evil for all businesses if they want to stay afloat. Payroll Partners wants to remind existing clients of the following payroll taxes paid and reports filed on a quarterly basis: Employer’s Quarterly Federal Tax Return (Form 941)   Filing the Form: Form...

Many businesses nowadays get in trouble for not properly identifying and differentiating employees from independent contractors. Defining what it means to be an employee or independent contractor can be tricky. According to the IRS, an organization must withhold income taxes, withhold and pay Social Security and...

As an employer, part of operating your business is complying with employment tax jurisdictions, making timely tax payments and filing the correct reports and returns. Depending on which state you are operating in, there may also be state requirements. To ensure that your payroll tax responsibilities...