Form 941: Employer’s Quarterly Federal Tax Return
How to Report Federal Income Taxes & FICA If you have employees, you’ve already figured out that the tough part of payroll is staying on top of all of the... Read more »
View ArticleForm 944: Employer’s Annual Federal Tax Return
Who Should File In order to understand Form 944, you need to understand its big brother, Form 941: Employer’s Quarterly Federal Tax Return. Form 941 is used to report federal... Read more »
View ArticleFederal Payroll Tax Returns
An Overview Beyond figuring out what to withhold from your employees’ pay for taxes and what you owe on your business’ behalf for payroll taxes, there are two main actions... Read more »
View ArticleFederal Income Tax
As an employer, you play a big role in the collection of federal income tax. You are required by law to withhold a specific dollar amount from each paycheck of... Read more »
View ArticleEFTPS: Electronic Federal Tax Payment System
How to Pay Payroll Taxes the IRS EFTPS If you’re just beginning to process payroll you’re probably learning that you’re required to make regular federal tax deposits and report those... Read more »
View ArticleW-2 Health Insurance Reporting
Affordable Care Act & W-2 Health Insurance Reporting Starting in tax year 2011, the Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health...
View ArticlePayroll Tax Cut Extension 2012
Many of us responsible for payroll and otherwise are closely watching negotiations around then extension of the payroll tax cut. Talks on extending the 4.2 percent rate on taxes workers... Read more »
View ArticleHow is FUTA tax calculated?
The FUTA tax (Federal Unemployment Tax Act) is an employer only tax, meaning the employee is not responsible for any portion of this tax. Federal law requires employers to pay taxes mandated by... Read...
View ArticleFICA Tax Rates and Wage Limits by Year
FICA Tax Rates and Wage Limits by Year (1997-2012) To determine the gross pay subject to social security tax withholding, up to the wage base limit, you must first add... Read more »
View ArticleWhat Are Payroll Withholding Taxes
You may notice that you have money taken out of your paycheck each week for taxes. Do you know why this happens or where the money goes? Understanding your payroll... Read more »
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