Employee salary: $50,000 a year. But you know that’s not what they’re walking away with. Between taxes and benefit deductions, the employee’s take-home pay could be far from the $50,000 sticker price (cue the sad violin). Learn how to calculate net pay to find your employees’ take-home wages.
Read More How to Calculate Net Pay: Step-by-step Guide and ExamplesPayroll Taxes Articles
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New W-4 Form: IRS Makes Minor Changes to 2024 Form, Allowances Still Out
You don’t file Form W-4 with the IRS, but your payroll depends on it. Employers use Form W-4 to determine how much to withhold from an employee’s gross wages for federal income tax. How familiar are you with the new W-4 form for 2024?
Read More New W-4 Form: IRS Makes Minor Changes to 2024 Form, Allowances Still OutAnswers to 18 Payroll Questions You Are Dying to Ask
For some business owners, running payroll might be like learning a foreign language. You are a master of your business idea, not the administrative responsibilities that come with it. Because you might not be familiar with these responsibilities, you might have some payroll questions.
Read More Answers to 18 Payroll Questions You Are Dying to AskHow to Calculate Payroll Taxes: A Look at Social Security and Medicare Tax Calculations
Having employees is an amazing feeling. But learning the responsibilities of being an employer can be daunting. One responsibility you have once you hire employees is learning how to calculate payroll taxes and withholding taxes from their paychecks. For accurate withholding, learn how to calculate payroll taxes here.
Read More How to Calculate Payroll Taxes: A Look at Social Security and Medicare Tax CalculationsHow to Fill Out Form 941 (2024): Step-by-step Instructions to Fill Out Form 941
If you have employees, you likely need to fill out and file Form 941 each quarter. Form 941 is jam-packed with different sections and calculations, which leaves room for errors. Need Form 941 instructions? Avoid major Form 941 mistakes and here learn how to fill out Form 941 line by line here.
Read More How to Fill Out Form 941 (2024): Step-by-step Instructions to Fill Out Form 941Alabama Overtime Tax Law: Tax Break for Employees, Required Reporting for Employers
Understand the new Alabama overtime tax law that exempts employees’ overtime earnings from state income tax. Get the details and reporting requirements for businesses.
Read More Alabama Overtime Tax Law: Tax Break for Employees, Required Reporting for EmployersIncome Tax Withholding Tables: Updates and What You Need to Know
The IRS has released the 2024 tax brackets, along with updated income tax withholding tables for employers. Use these updated tax tables to calculate federal income tax on employee wages in 2024.
Read More Income Tax Withholding Tables: Updates and What You Need to KnowThe Best Payroll Software for Small Business, Based on Reviews
Software can make payroll—and your life—much easier. But, choosing a payroll system can be overwhelming. And as a savvy business owner, you want to find the best payroll software for a small business. You can look at small business payroll software reviews to help you choose.
Read More The Best Payroll Software for Small Business, Based on ReviewsERC Voluntary Disclosure Program Gives Businesses a Discount on Questionable Claims
Aggressive promotion, scams, and ERC mills—that’s the drama surrounding the employee retention credit (ERC). The ERC was a lifeline for small businesses struggling to stay open during the pandemic. But bad actors quickly pounced on the opportunity. “ERC mills” began aggressive marketing campaigns advising employers to apply (even if they didn’t qualify) and collecting hefty […]
Read More ERC Voluntary Disclosure Program Gives Businesses a Discount on Questionable ClaimsHow to Choose a Payroll Service for Your Small Business
Payroll software makes paying employees a breeze by calculating federal, state, and local taxes. If you’ve decided you want to use software to run payroll, you can put away your calculator and income tax withholding tables (hooray!). But, do you know how to choose a payroll service?
Read More How to Choose a Payroll Service for Your Small Business