Whenever you pay wages or other compensation to an employee, you can assume that the IRS will expect you to collect ... |
Your obligation to withhold federal income tax from your employees' wages extends to each separate wage payment that you make. For instance, it's improper ... |
The total federal income tax that you withhold from an employee's wages during the year is supposed to approximate the employee's year-end tax liability. |
If you do business in a state that imposes a personal income tax, you can add the withholding of the state tax to your list of payroll tax responsibilities. The states that don't impose a ... |
Click on your state on the map below for general information about its income tax withholding requirements. The nine states that are unshaded are the states that do not impose a personal income tax. |
If you only do business in one state and all of your employees are residents of that state, your state income tax withholding obligations will be quite simple. However, complexities can arise once ... |
The Federal Insurance Contributions Act (FICA) is a federal law that requires you to withhold two separate taxes from the |
The unemployment tax system is designed to pay benefits to workers for up to 26 weeks when they lose their jobs through no fault of their own. To fund the system, employers must pay two types of ... |
The Federal Unemployment Tax Act (FUTA) imposes a payroll tax on employers, based on the wages they pay to their employees. You don't |
Each state operates its own unemployment compensation program that is funded largely by taxes on employers. So, if you have employees, you should expect to ... |
