IRS Layoffs 2025: How Businesses Will Feel the Impact
IRS layoffs in 2025 could mean tax delays, fewer audits, and compliance challenges. See how businesses will be affected. Continue reading IRS Layoffs 2025: How Businesses Will Feel the Impact
Category Archives: Taxes
How to Calculate Bonus Pay and Taxes: 2024 Complete Guide
Learn how to accurately calculate bonus pay and taxes to ensure you comply with tax regulations and provide accurate compensation to employees. Continue reading How to Calculate Bonus Pay and Taxes: 2024 Complete Guide
Why It’s Crucial to Classify Your Employees Correctly (1099 Contractors vs. W-2 Employees)
Understand the key differences between 1099 contractors and W-2 employees to determine the right employment classification for your business. Continue reading Why It’s Crucial to Classify Your Employees Correctly (1099 Contractors vs. W-2 Employees)
Step-by-Step Checklist for Your First Payroll Run
Running your first payroll can be a complex process. This step-by-step checklist provides a guide to help you ensure a smooth and successful payroll run. Continue reading Step-by-Step Checklist for Your First Payroll Run
What Is an EIN? How Do You Know If You Need One?
Find out what an EIN is and how to determine if you need one for your business or organization with this comprehensive guide. Continue reading What Is an EIN? How Do You Know If You Need One?
Payroll Tax Forms and Deadlines for Household Employers
This guide provides information on the different payroll tax forms and deadlines specific to household employers, helping you navigate the process with ease. Continue reading Payroll Tax Forms and Deadlines for Household Employers
What Is a Lookback Period?
Your payroll lookback period determines which payroll tax deposit schedule to follow when filing federal income and FICA taxes. Continue reading What Is a Lookback Period?
How to Calculate Payroll Taxes: A Step-by-Step Guide
Calculating payroll taxes is one of your most important responsibilities as an employer. Learn the basics of calculating payroll by hand. Continue reading How to Calculate Payroll Taxes: A Step-by-Step Guide
What Are Tax Forms 941 and 944?
Discover what tax forms 941 and 944 are, their differences, filing requirements, and find out how to avoid errors and penalties with our comprehensive guide. Continue reading What Are Tax Forms 941 and 944?
Why Does My Business Need a Payroll Service?
A payroll service provider can automate time-consuming aspects of processing payroll, reduce the risk of payroll errors and ensure your employees get paid on time. Continue reading Why Does My Business Need a Payroll Service?