Payroll/Taxes · July 07, 2025
On your employee's first day on the job, you are required to ask them to complete federal Form W-4, Employee's Withholding Certificate. (Multiple language versions are available here.) The employee enters various data onto the form — including their tax filing status, whether they have multiple jobs, any credits they have, the amount of other income they earn or receive, and the amount of deductions available to them. Together, these considerations let them compute how much
Payroll/Taxes · November 04, 2024
Payroll is an integral part of every business. The payroll accounting process involves paying wages, calculating hours, applying benefits, deducting taxes and collecting garnishments, all while staying in compliance with federal rules, state laws and local regulations.
Compliance · September 03, 2024
Let's say you decide to onboard a freelancer, also known as an independent contractor. What should your next tax- and finance-related moves be? Let's find out!
August 26, 2024
What’s the best advice you've ever received about running payroll? There’s no shortage of words of wisdom, and we have a handful of tips we’d like to share with you.
Payroll/Taxes · June 10, 2024
If you know in advance what common errors employers make with W-2s, maybe you can avoid those mistakes next year. Know also that the data needed for state W-2 reporting may be more difficult to gather from far-flung employees, but states are cracking down on employers who haven’t withheld.
Payroll/Taxes · May 14, 2024
Tax season may be over for this year, but it's never too early to start for next year. How can you make tax prep easier for your employees?
Payroll/Taxes · January 18, 2024
Workers who are considered employees do not have to pay their own taxes during the year. Instead, employers withhold income tax from their employees’ paychecks and pay it to the IRS on behalf of the employee.
Payroll/Taxes · July 31, 2023
Let's say you have employees who experienced a major life change within the past year. Whether it be switching jobs, getting married or increasing the number of people in their family, there are many reasons why someone might be eligible for the Earned Income Tax Credit.
Payroll/Taxes · June 20, 2023
Employers generally must withhold income tax from employees' wages. To figure out how much tax to withhold, you need to use the employee's Form W-4, the appropriate method and the appropriate withholding table described in Publication 15-T, Federal Income Tax Withholding Methods. You'll deposit your withholdings based on your business and the amount you withhold.