A little more than 7% of your paycheck goes to cover the social programs that Americans use when they become elderly or disabled, or for health care.

Lots of wage earners only file tax returns once a year. But small business owners, including the self-employed, have additional taxes to worry about–and possibly year round. While many wage earners ...

In the last six months we have seen a marked increase in the number of contractors who have required our assistance to resolve payroll tax issues with the IRS. All of these clients had one thing in ...

Learn about FICA taxes, including Social Security and Medicare, and how they impact your paycheck. Understand the current rates and deductions.

While it’s true that payroll has its complexities, mastering the fundamentals of processing payroll can be valuable, especially if you’re a small business with a minimal team. By understanding each ...

Payroll and HR go beyond just issuing paychecks. As an employer, you need to track hours, calculate deductions, file taxes, stay compliant with changing regulations and keep detailed records. Many ...

Tax professionals say changing payroll services may stop future mistakes, but it does not erase unpaid taxes or filing errors already on record with the IRS. IRVINE, CA / ACCESS Newswire / December 22 ...

New employees must complete both Form W-4 (Employee’s Withholding Allowance Certificate) and Form VA-4 (Employee’s Virginia Income Tax Withholding Exemption Certificate) online in Workday. If no form ...