Prepare for Tax Season Now Just hearing the phrase tax season is enough to make most of us squirm, especially those of us in the industry! You may not think tax season is close, but the time to start preparing is now. Most people procrastinate until the end of the year or even April to …
Category: Tax Information
What is the Difference Between Payroll Taxes and Income Tax?
Payroll Taxes 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 the employer. You can learn more about payroll taxes and how to calculate them by clicking on the link here, What is Payroll …
What is Payroll Tax?
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 …
What Should Small Businesses Know About 1099s?
The IRS is not known for making things easy. For small business owners especially, tax time is generally filled with frustration, uncertainty, and probably a few extra hours at your kickboxing class. Here are the answers to 10 of the most common questions that many small businesses have when it comes to 1099 forms. Which …