Click “Make a payment” Enter the EIN, PIN and password Make the payment The payment will be debited from the employer’s bank account and submitted to the IRS. Upon making the payment, the employer receives a
A common FLSA violation to watch out for is unpaid overtime, which can happen unintentionally when you don’t know the rules. Here are other things to include in your payroll policy: Pay dates, including the length of each pay period and when you pay employees after that. Payment methods...
You’ll make your FUTA tax filings via Form 940 annually but will likely need to make quarterly payments via the IRS’ Electronic Federal Tax Payment System (EFTPS). You need to file a Form 940 if you meet either of these conditions: You pay wages of $1,500 or more in any given qu...
For example, if you need a mortgage with flexible credit score requirements and a low minimum down payment, you might consider a loan backed by theFederal Housing Administration (FHA). If you know that you’re only planning on being in the home for a few years, ...
If that's the situation you're in, it could take much longer — potentially years — to get a liquor license. Because of the varying timespan for how long it could take to get a liquor license, this is something that should be considered before you make plans to open your doors. Don...
To stay prepared, make sure you’re keeping: Timesheets: Track hours worked for accurate pay and overtime calculations. Wage calculations: Keep records of pay rates, bonuses, and deductions. Tax filings: Store copies of payroll tax returns and payment confirmations. Pay stubs: Provide employees ...
Just because an online calculator says you can afford a $1,600 monthly mortgage payment doesn't mean you should be paying that much. Items to list when determining your monthly budget include: Total monthly household income, including any investment profits or alimony Estimated monthly mortgage ...
As an LLC owner, there are several ways to pay yourself and structure business operations for your own tax purposes, such as an owner's draw, salary, guaranteed payment, or profit distributions. How to pay yourself from an LLC in 5 different ways So, how do you pay yourself from an LLC...
You want to make money with your blog, right? Of course you do. Everyone wants – and needs -to make more money. So you started a blog since you’ve heard it’s an easy way to make cash, but you’re not quite sure how to actually make money doing it. Or maybe you already have...
Post-layoff, we drastically cut back on buying new things for the home. While we tried to keep expenses down as much as possible, my partner's new job (and my freelance work) allowed us to make some strategic purchases that made our home a little more comfortable. I bought a set of...