Did you employ workers at your small business this year? When you have employees, you need to handle employment taxes, like federal unemployment (FUTA) taxes.Read More Do You Need to File Form 940? If So, Here’s How
Running payroll accurately is arguably one of your most critical employer responsibilities. But even if you use a reliable payroll processing system, there’s room for user error. You might input numbers incorrectly, forget to add an employee’s pay raise, or fail to remove a terminated employee from your payroll. To combat these potential problems, conduct […]Read More Rescue Your Business With a Payroll Audit
Only 44% of custodial parents receive the full amount of child support. And when a parent doesn’t voluntarily meet their child support obligations, employers might be involved in the child support process.Read More What Is Child Support Withholding?
It’s easy to make mistakes, especially when you have a million and one things on your plate. One error you could make is deducting the wrong amount from employee wages. Correcting employment taxes is necessary if you withhold too much or too little from your employees’ paychecks.Read More Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount
Some businesses prefer paying employees cash instead of other payment methods, like direct deposit or check. If you choose to pay cash wages, you are still responsible for depositing and reporting employment taxes.Read More Is Paying Employees Cash Under the Table Legal?
An employee’s death can be sudden and unexpected. But, you can’t be caught unaware by your employer responsibilities for handling the death of an employee.Read More How to Handle the Death of an Employee in Your Small Business
Various types of employers must withhold taxes from employees’ wages, including employers hiring farm workers. If you are an agricultural employer, you likely withhold taxes from your employees’ pay. And, you are responsible for reporting wages on IRS Form 943. So, what is Form 943?Read More Form 943: What to Know About Agricultural Withholding
As a small business owner, you have likely heard of IRS Form 941. If you file IRS Form 941, do you know the steps you must follow for Form 941 reconciliation? Find out how to reconcile Form 941 and why reconciliation is important for your small business.Read More What to Know About Form 941 Reconciliation
Some small businesses only operate during parts of the year, such as snow plow and lawn care services. These types of businesses are usually considered seasonal employers. The idea of hiring seasonal employees may sound appealing. But, you should weigh your pros and cons before becoming a seasonal employer.Read More The Pros and Cons of Hiring Seasonal Employees for Your Small Business
If you’re an employer, you likely know that withholding, contributing, and remitting employment taxes is essential to running legal and accurate payrolls. Before calculating how much to withhold and contribute, you need to know about the tax wage base.Read More Which Taxes Have a Wage Base?