Payroll tax includes both the tax that your employer withholds from your paycheck and in turn pays to the government on your behalf, along with the payroll taxes paid by your employer. In the United States, Social Security and Medicare (together referred to as FICA) and Federal Income Taxes (or Federal Withholding) are deducted from …
Category: Accounting Information
5 Advantages of Outsourcing Your Accounting Department
Business Owners Find Outsourcing Their Accounting Operations Benefits Everyone Are you a business owner overwhelmed with bookkeeping? Does payroll make you want to pull your hair out? Have you spent countless hours trying to make sense of spreadsheets? Majority of business owners experience the same headaches and frustration when it comes to tracking their own …
Do You Need a Yearly Plan?
Many people don’t believe they need a yearly plan. They believe they know enough about themselves or their businesses to bypass any planning process. Some people can get away with that, but for most, having a plan and updating one on a yearly basis is essential to reaching your goals and desires. A yearly plan …