Taxes

Learn about the importance of withholding taxes and how you can calculate withholding taxes for your employees in this comprehensive guide.

Learn how to file a tax return for your business and additional filing details in this guide on filing an IRS Form Schedule C.

Small and large businesses alike file changes in their accounting methods with IRS Form 3115. Discover how to fill out this form along with a list of best practices.

This guest post comes from Paychex, a provider of human capital management solutions for payroll, HR, retirement and insurance services.

Learn more about the regulatory requirements and other aspects you need to know for correctly managing a W-2 deadline. Avoid problems with the IRS with this guide.

Find out more about the rules, regulations and best practices you need to know to buy company cars for your employees or use them as gifts for staff members.

Make sure you deduct the right amount of federal income tax from your employees' earnings. This guide explains how to use the IRS 2021 tax tables.

Find out the correct IRS address to submit Federal tax returns, balance due payments and general correspondence and questions through the postal mail.

Find out what imputed income is, see examples of taxable fringe benefits and learn how to determine benefit value in this guide for businesses.

Find out if an EIN is the same as a tax ID by learning the difference between these and an ITIN. A firm grasp of these IDs is crucial for sound accounting.

Learn about the TDI/SDI taxes that are withheld from employees' paychecks. Which states impose this tax, how much is it each week and what does it pay for?

Learn about special tax reporting procedures when providing compensation to foreign workers. What is IRS Form 1042-S and how is it different from Form 1042?

Learn about the SDI New York law and how to ensure your company's compliance. Find out how the New York SDI tax impacts your payroll and human resources management.

Get answers to common questions about IRS Form 5498-SA. Learn the purpose of Form 5498-SA, what information it contains and who's responsible for completing it.

Find out about box 14 on W-2s. Learn about the IRS requirements for Form W-2 and box 14, and get instructions, including examples, for how to fill out box 14.

Find out what IRS Form CP-575 is and what it means for your business. Learn why it's important to save it in a secure location and what to do if it's misplaced.

Learn what net operating loss (NOL) is and how it affects small business taxes. This article also discusses how the CARES Act and TCJA affect NOL calculations.

What is FUTA? Understanding FUTA (the Federal Unemployment Tax Act) and how it applies to you as a small business owner is critical in the United States.

Learn how the payroll tax holiday may impact you throughout the rest of this year. If you participated, there may be implications to consider.

What is Form 5500? Get answers and find out if your company needs to file this form. Learn what information to include in a 5500 filing and how to avoid penalties.

Read this guide to find out more information about what does tax exempt mean for your company, who might qualify and what employers are responsible for.

Learn how the IRS looks at your LLC taxes and what forms you need to submit. Being an individual or a limited partnership determines how your business is taxed.

Learn what is a W-3 and why you need to file it if you have employees. These forms are important for your business accounting and this guide explains why.

Learn the answer to "When do W-2s come out?" to ensure you get your employees' W-2 forms completed and delivered by the deadline to avoid issues with the IRS.

Learn what the EFTPS (Electronic Federal Tax Payment System) is and how you can pay your federal taxes online for free.

Find out more about tax IDs and which ones you might need for your business.

Learn about deducting Medicare taxes from employee wages.

Discover how the qualified business income deduction helps small businesses.

Learn about your responsibilities as an employer for collecting and keeping W-4s.

Discover what exactly business expenses are, the requirements for a tax-deductible expense and some examples of the most popular expenses in business.

Distinguishing between fixed expenses and variable expenses is important for calculating business revenue, budgeting and deducting costs on your taxes.

Learn everything you need to know about tax deductions for donations to make smart financial decisions for your business, including how to claim exemptions and how to choose a charity.

Learn the benefits of using payroll software for your business, discover which features to look for and review the top payroll software for small businesses.

Learn about what the Work Opportunity Tax Credit is, the types of workers who are eligible and ineligible for this credit and tips to keep in mind when calculating these tax credits.

Whether you own a local shop or an online store, you could be subject to paying sales tax on your goods/services. Learn more about sales taxes, here.

Learn about the types of insurance that small businesses should consider.

Per diems are an important method for compensating your employees during their travels. Learn more in this comprehensive guide.

Learn what FICA is and everything these contributions to Social Security and Medicare entail.

Learn what payroll taxes are, how to calculate net and gross pay, payroll tax deductions you must pay and your payroll tax responsibilities as an employer.

Learn about best practices for accounting at your small business.

Balance sheets can provide a layout for you to organize your companies finances and make adjustments to pay off liabilities or make use of assets.

To understand the cost of the capital you've raised, using the WACC formula can provide the information. Learn more about WACC and how to calculate it.

Find out what exactly an EIN is, why and when you should apply for one, the steps of the application process and answers to FAQs regarding EINs.

Learn more about the 2021 mileage rates and use this tips to help you reimburse your employees.

Learn about the importance of filing for a tax extension as a business, the types of forms you need and how to go about filing for an extension.

Learn what a franchise is and how to choose one to invest in.

Learn what markup is, factors to consider when calculating markup and tips to help your business calculate markup properly.

Understand what an IRS principal business code is, why your business will need one and how it affects your business taxes.

As an employer, you're responsible for withholding income taxes from employees, but you may have an employee who is exempt. Here's what you should know about this status.

If your business is acquiring a firm or shareholding partner, use this guide to understand the basics of proration and how prorating works.

Here are some ways your business may be able to receive financial assistance with tax relief options offered by the federal government and SBA in response to COVID-19.

Learn about business expenses, which ones to deduct and best practices for reporting.

Learn about tax abatements and how businesses can qualify for them.

Learn about profit sharing and what your business needs to consider.

Learn about the bottom line, ways to increase a bottom line and some answers to frequently asked questions.

Salaried employees are those who receive a fixed amount of money for a specific period of time, regardless of the exact hours spent on a particular project or other specific work results.

Use this helpful guide to donate your office furniture to a charitable organization and qualify for a tax deduction.