If you have employees working for you, Form W-2 is mandatory to file even if you have a single employee. […]

Employees pay Social Security taxes based on their salary. As of now, the Social Security tax rate is 6.2% but […]

If you’re operating a business and expected to pay more than $1,000 when filing your tax return, you must estimate […]

The Federal Insurance Contributions Act (FICA) tax is a payroll tax that must be deducted from employees’ paycheck. Employers will […]

Form 941 is used by employers to report income paid employees and taxes withheld from their paycheck. It is a […]

Employers file Form 941 quarterly to report income paid to their employees. However, a different tax form must be used […]

The Internal Revenue Service requires taxpayers to pay federal income tax gradually throughout the year. This is done by withholding […]

Form 941 is a simple tax form that every employer must file by the end of every quarter. It is […]

Form 941 is a simple IRS tax form that every business owner must complete by the end of each quarter. […]

Generally, if you have employees working for you, Form 941 is mandatory to file but there are a few exceptions. […]