Your Small Business Resource
Investing in real estate can be a lucrative venture, but understanding the tax implications is crucial for success. In this guide, we’ll break down key tax considerations for real estate investors, helping you navigate...
This article was last edited on 9/8/2020. For updated information on Form 1099-NEC, visit https://www.irs.gov/forms-pubs/about-form-1099-nec. Beginning in tax year 2020, you will need to file Form 1099-NEC to report any nonemployee compensation you paid during the...
This article was last updated at 8:00 a.m. EST on August 31, 2020. On August 8, 2020, President Trump issued a presidential memorandum to the Secretary of the Treasury about deferring certain payroll tax payments. Read the...
This article was last edited on 8/10/2020. For updated information on Form W-4, visit https://www.irs.gov/forms-pubs/about-form-w-4. Form W-4, Employee’s Withholding Certificate, must be completed by workers in the U.S. to tell their employers how much federal...
This article was up to date as of 7/29/2020. For updated information on employment taxes, visit https://www.irs.gov/forms-pubs/about-publication-15-t. As an employer, you’re required to withhold certain taxes from your employees’ paychecks. You’re also required to...
Most employers have to pay federal unemployment tax (FUTA) on their team’s wages. Unemployment taxes help provide temporary financial security for workers who have lost their job. You’ll need to pay this tax if you meet...
This article was last edited on 10/01/2020. For updated information on Form 941, visit https://www.irs.gov/forms-pubs/about-form-941. As an employer, you’re required to withhold income, Social Security, and Medicare taxes from your employees’ paychecks. You’re also required to...
As an employer, you’re responsible for withholding payroll taxes from your employees’ paychecks. You might also deduct things like health insurance premiums, child support payments, and retirement contributions. Some deductions are taxable, so you’ll...
Your tax responsibilities may be more extensive than filing the traditional April return (or March for partnerships and S corporations). Certain occupations and business interests are required to make quarterly estimated tax payments to...
Running payroll is more than writing your employees a check. You also have to make sure you’re correctly withholding taxes from your team and tracking your tax liability, so you know how much to...