October 12, 2016
Once your business reaches the point of having at least one employee, you need to pay close attention to the details of payroll compliance—especially payroll taxes such as the withholding of federal and state income taxes and FICA (Federal Insurance Contributions Act) tax from employees’ wages. You also need to pay the employer share of FICA tax and federal and state unemployment taxes.
Payroll is an area of your business where it is essential to be proactive about remaining current and compliant. Doing so can save you a lot of pain by avoiding penalties for mistakes and late payments, so use these tips to ensure your payroll is as close to perfect as possible:
If you have questions about payroll compliance and taxes, please contact our firm for assistance.
Our most precious commodity is time—and our attention is a close second. That’s why everyone can use some help on how to tune out daily distractions. We compiled the following helpful tips from copyblogger.com to get you started on dialing down distractions:
The April 15 filing deadline is rapidly approaching, so we encourage you to send us your tax documentation as soon as possible to expedite the filing process. Here are four important reasons why you should file your return sooner rather than later:
This tax season is an important one for many business owners because it’s the first that will be impacted by the Tax Cuts and Jobs Act (TCJA). How big of an impact is dependent on your unique situation. We’ve compiled this short list of provisions that may affect the business community: