The summer months are a common time for many businesses to seek out seasonal or part-time workers. If they’re hiring help, it’s important to understand tax filing and withholding responsibilities. This can help avoid penalties while staying compliant throughout...
The employee retention credit is designed to encourage businesses to keep employees on their payroll. The amount of the credit is 50% of qualified wages paid up to an annual limit of $10,000, which equals a maximum credit amount...
Inside This Issue In the news: Jan. 31 filing deadline remains for employer wage statements, independent contractor forms Employers: Finalized version of 2020 Form W-4 now available New filing addresses for Form 941, employer’s quarterly federal tax returns IRS...
Small business owners should review the rules for filing two commonly-used employment tax returns. The two forms are: Form 944 Employer’s Annual Federal Tax Return Form 941 Employer’s Quarterly Federal Tax Return Small business owners should remember these two...