Reading Time: 8 minutes As citizens, we have a shared responsibility to support the welfare of our society, especially during times of financial need. One way this responsibility is upheld is through the implementation of the Social Security system, which provides a safety net for retirees, disabled individuals, and survivors. Funding this crucial program relies on the Social Security […]
Reading Time: 7 minutes Taxes are integral to our society, fueling public infrastructure, healthcare, and social welfare programs. One type of tax that directly impacts both employers and employees is the payroll tax. Payroll taxes play a vital role in funding government initiatives and social security systems. In this article, we will delve into the intricacies of payroll tax,
Reading Time: 6 minutes As a business owner, hiring new employees can be an exciting and important milestone for your company. However, with new employees comes new responsibilities, including the need to properly report their employment and compensation to the Internal Revenue Service (IRS). In this article, we will discuss about IRS forms are needed for new employees and
Reading Time: 6 minutes As an employer, you have a large number of obligations, the first and very important is the payment of taxes on wages. Payroll taxes are taxes that you withhold from your employee’s paychecks and pay to the government on their behalf. The IRS Form 941 is a quarterly tax return that employers use to file
