Payroll Tax
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- The Grinch in ChiefWhat President Obama should do now for the payroll tax reduction extension
- First Person: The Payroll Tax Holiday Won't Mean Hiring at My Small BusinessMy small business is not hiring because of the payroll tax holiday, period.
- What is the Payroll Tax?The payroll tax is used to pay for Social Security benefits.
- Obama's Proposed Cut in Payroll Taxes Means a Cut in FICAWhat are some real dollars an employee would gain from a reduction in Social Security and Medicare Taxes
- Social Security Tax HikeThe Social Security Payroll Tax rate is set to increase to 6.2% as benefits will rise by 3.6%.
Why the Republicans Are Considering a Tax IncreaseThe cut to the payroll tax only saves workers $20 per week but costs Social Security billions.- Payroll Taxes for Family Members Who Work in Your BusinessThe payroll tax rules regarding FICA tax and federal unemployment tax may be different for a spouse and children who work in a family business, depending on how the business is set up.
Obama Tax Proposal Could Double State Payroll TaxesObama's latest tax proposal includes significant unemployment tax increases. It is likely to be included in Obama's 2012 budget proposal.- First Person: How Will the Payroll Tax Holiday Affect Your Paycheck?This plan will give relief to almost all taxpayers with earned income in 2011. But what does the proposal really do to your paycheck?
$17 Million Missing in Sacramento County Payroll TaxesAt some point, everyone has to review the tasks other people or companies do for them. Why has over $17 million gone missing in Sacramento County payroll taxes, and why did the IRS need to bring it to the County's attention?
How to Get Business Tax Relief from an IRS Installment Payment PlanBecause unpaid employment taxes/unpaid payroll taxes are considered trust taxes, these are the toughest IRS payment plans to negotiate. Collecting unpaid employment taxes/unpaid payroll taxes is a top priority for IRS.- Know Which Employee Taxes Are Your ResponsibilityWhen you start your own business, you are confronted with a number of tax obligations. Are you able to grasp them all? What responsibility do you have towards them? Chintamani Abhyankar raises an important point.
- If You Own a Business, You Must Pay Payroll TaxesIf you or employing people in your own business, you should better remember your tax obligations. Payment of payroll taxes is an important obligation. How to collect and pay them? Chintamani Abhyankar explains.
- How to Avoid Payroll Tax ProblemsAny small business owner can tell you about the payroll tax nightmare. Some financial set back keeps a business owner from being able to make their payroll taxes.
- Payroll Taxes Gone BadThe IRS is particularly watchful of small businesses and payroll taxes. In the past, many small businesses thought they could get away with ignoring such taxes more easily than the big businesses.
- Facts About Payroll TaxesIf you are an employer, you absolutely have to pay payroll taxes. The Internal Revenue Service says that it is shorted $12 Billion annually in payroll taxes.
- Beware of the Payroll Tax Obligations While Running Your Small BusinessIf you are running your own business, sometimes you may inadvertently neglect your obligation to pay payroll taxes. If you get stuck in some financial crunch and the payroll taxes are filed late.
- Payroll Tax Problems and Your Small BusinessThe Internal Revenue Service has been cracking down on payroll tax compliance. If you own a small business it is important to you to avoid an IRS audit and the resulting penalties if you are found non-compliant with payroll tax regulations.
- How to Allocate Payroll Taxes in QuickBooksNew payroll items are mapped to an expense account in QuickBooks called Payroll Expenses, but you can edit your payroll items so they post to any expense account you wish. However...
- Obama, Healthcare Reform and the Cost of Good HealthThe government is considering several key initiatives to fund President Obama's expansive healthcare overhaul. Here we will discuss two of the measures being weighed and how they will affect your money.
Payroll Tax Laws for Small BusinessesAs a small business owner and employer, you are responsible for taxes at both the state and federal level. Neglecting to collect and pay these taxes can result in severe penalties.- Payroll Taxes: The Usual Business NightmareTips on how to avoid penalties and keep a good payroll tax record.
- Meeting the Payroll Tax Obligations of Your Small BusinessThe payroll tax obligations of your small business consist of withholding income, social security and Medicare taxes from your employees' salaries and wages, depositing them along with the employer's portion of the tax, and filing payroll tax returns.
- Congress Agrees on Payroll Tax; It's About TimeColumn discussing the very recent news that Congress has finally come to an agreement on the payroll tax extension.
- First Person: The Payroll Tax Extension: Good, Bad or in Between?As the debate centering on the extension of the payroll-tax cut continues, I find myself somewhat confused about my feelings regarding this cut.
- First Person: The Payroll Tax Holiday Will Stimulate Our Savings AccountsThe payroll tax holiday being debated in Washington is seen by some as a way to stimulate the economy. In our household, we plan to put our estimated tax break of $1,000 into our savings accounts.
- Obama Approves Keystone Pipeline Agreement, Payroll Tax Holiday ExtensionThe President approved the Middle Class Tax Relief and Job Creation Act of 2011 Saturday. The bill has a provision which will force Obama to make a decision on whether to allow the job creating Keystone XL Pipeline or to obstruct job creation.
- President Obama Gives in on Pipeline -- Did He Have a Choice?President Barrack Obama appeared in front of the media looking downtrodden as he announced that Congress passed an extension of the payroll tax break but he failed to mention the most important aspect of the bill, the provision for the Canadian pipeline.
- Is Everyone in Washington Stupid?Social Security can be saved for the next 75 years, until 2085, if the President and Congress cared more about the future of the country instead of their own re-elections.
- Liability for the Payment of Payroll TaxesUnderstanding the test for the responsibility and liability for the payment of payroll taxes
The GOP Hates JOBsjobs, jobs, and more jobs- Use the Temporary Payroll Tax Reduction to Raise Your Retirement SavingsCongress and the President recently gave employed individuals a 2% raise through a 2% payroll tax reduction. Make good use of the temporary raise in 2011 by increasing your retirement savings.
- Tier V Unemployment Extension - the Americans Want to Work Act (S.3706)Senator Debbie Stabenow (D-MI) has introduced a bill to provide a Tier V for 99'ers that have run out of unemployment benefits. Bill also provides for incentives to hire the long term unemployed. Links & information provided in article.
- The Common Tax Mistakes of Small BusinessesIf you are self employed, while doing your business you may inadvertently commit some tax mistakes. Though you may not realize their severity, they can prove very costly over a period of time. What are they?
- How Does the 2009 Stimulus Affect Your Taxes?The stimulus package of 2009 offers a "tax break" for couples ($1000) and for singles ($500). What does that mean to you? Well, first we have to define "tax break" in order to resolve the confusion.
- Starting a New Business and TaxesFirst you need to decide what sort of business structure you will be using. You will be considered a sole proprietor if the business is under your name alone and you do nothing but submit your social Security Number as tax identification.
First Priority PayThis is a review of First Priority Pay. It has an outreach that expands across the USA and offers payroll processing to thousands of small businesses.- Hiring Your Spouse: It Makes Good Business SenseHiring your spouse can save you thousands of dollars a year on payroll taxes, however, not all spouses make great employees. Learn how to take advantage of tax savings and set up a good work environment for you and your spouse.
- FSAs May Act Like a Hidden RaiseFlexible Savings Accounts, or FSAs, can reimburse you for costs that aren't covered by insurance. You also benefit because contributions are pre-tax, so the accounts may cut your out-of-pocket expenses by one-third or more.
