Anyone who runs a business and hires employees takes on new responsibilities for managing their staff. For example, they must run payroll, file payroll taxes and submit several payroll forms, ...
All Payroll activities should be completed by the EOBOC and facilitated by completing the EOBOC Payroll Form. The only exceptions are: After these steps are completed, the EOBOC Payroll Form should ...
Small businesses get the benefit of deducting business expenses from their taxable income. Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the ...
Due to the Tax Cuts and Jobs Act, the Internal Revenue Service (IRS) has released a new federal Form W-4 Employee’s Withholding Certificate for tax year 2020. The new Form W-4 is significantly ...
The Internal Revenue Service (IRS) released revised Form 941, enabling employers to properly report the newly extended payroll tax cut. Under the Middle Class Tax Relief and Job Creation Act of 2012, ...
The Internal Revenue Service has released a new form to help employers claim the special payroll tax exemption for newly hired workers under the HIRE Act. Form W-11, Hiring Incentives to Restore ...
ROCK HILL, SC / ACCESSWIRE / March 21, 2023 / March 31, 2023, marks the end of the first quarter of the 2023 tax year. This means that the majority of employers will be required to file their ...