If you are a business owner and have employees working for you, then you need tofile IRS Form 941, Employer’s Quarterly Federal Tax Return, every quarter. As an employer, you are responsible for withholding federal income tax, social security, medicare and other payroll taxes from each emplo...
What triggers an IRS underpayment penalty? Failure to file, underpayment of estimated taxes, and dishonored checks might result in a penalty. For many taxpayers, penalties come into play when you miss the filing and payment deadline. Learn more about tax
That includes identifying eligible credits, filing the right paperwork, and making sure your credit is accurately applied to your taxes and payroll. From renewable energy to R & D we have you covered. Think of us as an extension of your accounting department. Meticulous Documentation Our ...
The extended due dates apply to most federal tax returns and payments, including those for income taxes (including estimated tax payments), payroll taxes, and excise taxes. If you’re impacted by a natural disaster, check our IRS Disaster Relief page to see if you qualify for an automatic ...
This bill being passed with updated or increased Social Security taxes would ensure the program survives until 2096. The plan would be to increase payroll taxes; specifically, the Social Security tax of 6.2% on the first $147,000 of income. The bill would change this so that anything above ...
This includes individuals employed by companies or organizations with a payroll system. Employers must have a completed Form W-4 on file for each employee to ensure accurate withholding of taxes from the employee's wages. Show more FAQ Why are there no withholding allowances on the new IRS ...
Misclassification of a worker as an independent contractor can have large consequences to the employer. The employer may end up liable for payroll taxes on all open tax years, federal income tax that should have been withheld from the workers paychecks, and any state income taxes that should hav...
And it doesn’t even capture the entire truth since very few taxpayers know that their payroll taxes areactually twice as highas what they see on their pay stubs and W-2 forms. Perhaps because I grew up reading the Peanuts comic strip, this is today’s favorite item. ...
Once you file your taxes, you should plan to keep your tax returns for a minimum of three years from the date you filed your original return. But there are situations where you should keep your tax returns even longer. How long should you keep your tax returns? How long do you need to...
简体中文 Company Introduction Core Value Contact Us News & Policies Downloads News & Policies Attention! All e-commerce enterprises, For e-commerce enterprises, the draft opinions of the State Administration of Taxation on regulating e-commerce enterprises to pay taxes according to the law and regul...