In many countries, health care benefits aren't tied to employment. But in the United States, many companies provide extensive healthcare benefits — general insurance, vision, dental, Health Savings Accounts, and more. There are a number of reasons why companies offer healthcare benefits, often relative to the company's size and industry.First: It Makes the Company More [...]
Are you struggling with your payroll services every month? Payroll services are one of the most complex accounting functions that most business owners complete — and many business owners could be using their time and effort better in other areas. Rather than spending your time calculating hours and timesheets, you can instead outsource it [...]
Payroll taxes are the taxes that are withheld from your employee’s paychecks and are the taxes you are required to pay as an employer based on your employee’s wages. These taxes include: Social Security and Medicare Federal and State Unemployment Federal and State Personal Income Tax Other State Taxes Understanding Payroll Taxes Social Security [...]
Tax season may be over, and you may not want to think about it until you have to next year. But what if we told you there was a way to make your next tax season less stressful and easier to get through? Too often businesses put off dealing with tax season until it is [...]
If you are a business owner, then you are quite familiar with payroll taxes – or at least you should be since all business owners are legally obligated to withhold payroll taxes. Failure to do so can cause additional fines and penalties to be charged against you. If you are not currently a business owner [...]
We have had an uptick in questions regarding the Form W-4 and the changes that were enacted December 2017. To help our clients and others keep up with the changes in withholding that was a part of the tax reform signed into law back in December, here is a quick guide to resolve any questions [...]
If you are considering hiring a household employee or have already done so, there is more to their employment that many people may realize. In addition to the salary you pay to your employee, you will also be responsible for withholding federal and state taxes as required by law. Household employees can include:NannyButlerCookHousekeeperGardener/LandscaperPrivate Nurse or [...]
