As an employer, you not only have to report the taxable income of your business, but there are a number of other federal taxes you need to pay that relate to your employees. This includes federal income tax withholding, Social Security, Medicare and unemployment taxes. Each type of tax...
If you have a side job, be sure to pay your income tax throughout the year. Don't wait until tax season. You'll need to pay taxes directly to the IRS via quarterly estimated tax payments.
Paying taxes four times a year sounds onerous, but it actually eases the burden of year-end taxes. Plus, the penalties for not paying quarterly taxes on time should convince you to get it right.
How to cut taxes on employer-provided carsLEON HARRIS
Filing your taxes online can seem daunting, but with a little organization and preparation, you can file on time and with accuracy.
Savers using employer-sponsored retirement accounts can boost savings and have more opportunity for compounding. Kate StalterNov. 7, 2024 Donald Trump Policies and Retirees Donald Trump has been elected to serve another term as president and that could have pros and cons for retirees. ...
As an employer, worker classification matters because it determines what taxes and benefits you’re responsible for paying for each person you work with, and what benefits (such as paid time off) the worker is entitled to. If you misclassify a worker, you could end up responsible for unpaid...
Go through the steps to prepare your forms using your tax documents, such as W-2(s) (from your employer showing your income and withheld taxes) or 1099-B (for capital gains). Then file everything yourself on the IRS website. If you owe money, you can pay directly on the IRS web...
The Cheapest Ways to Ship Packages These are the carriers that typically offer the best service and the lowest rates. Maryalene LaPonsieDec. 13, 2024 How to Prevent Porch Pirate Thefts The holidays create a prime opportunity for package theft. Here are five ways to prevent it. ...
Here's a breakdown of the key steps and documents you need to stay compliant: Employer Identification Number (EIN).Whether you're figuring out how to hire employees under an LLC or any other business structure, you'll need an EIN. Think of it as your company's social security number —...