W-4
What Are Payroll Taxes?
Payroll taxes are the state and federal taxes that employers are required to withhold and remit to the Government on behalf of employees. Employers are required to withhold state and federal income taxes, as well as Social Security and Medicare … read more
Check Your Withholding: Put More Money in Your Pocket Now or Prevent Tax Bills Later
It’s not too late to adjust your 2012 tax withholding to avoid big tax refunds or tax bills when you file your tax return next year. You should act soon to adjust your tax withholding to bring the taxes you … read more
Students With A Job
“Mom, I have a job!” That is music to any parent’s ears when their teenager announces this with such excitement and glee. As a CPA, I also looked upon this as way for my children to learn about the tax … read more
Getting Married – Do You Pay More Taxes?
Are you thinking of getting married in 2012? Income taxes for most newly married couples are the last thing on their minds. The overall reality is that in most cases this is going to cause problems of newlywed aggravation. In … read more
The IRS Website – Top 10 Helpful Features
The IRS has an excellent website, full of helpful information and online support. The IRS recently released the top 10 reasons to visit www.irs.gov. 1. Unlimited access – get answers 24 hours a day, seven days a week The website … read more
Payroll Tax Cut to Boost the Take-Home Pay for Most Working Individuals
Have you heard the news? Congress has reduced Payroll taxes for the 2011 year, and the Internal Revenue Service has just released information to help employers implement the new cuts, along with the new income-tax withholding tables that employers will … read more
Year-End Payroll Processing Reminders
It’s that time of year again; time to start preparing for year-end payroll processing. The filing deadline for 2010 Forms 940, 943, 944, 945, and fourth quarter 2010 Form 941 is January 31, 2011. W-2s and 1099 forms must be … read more
Tips for Students With a Summer Time Job
The summer is almost over and many students are working or had been working summer jobs. Some of these students may not realize that taxes will have to be paid on their earnings. They may be under the impression that because it is only a … read more