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.