A Small Business Owner’s Guide: Required Employee Benefits | Part Three Social Security Tax Withholdings It will be your responsibility to verify that your employees’ Social Security number
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Category Archives: Taxes
Hire a Contractor or an Employee?
A Small Business Owner’s Guide: Hire a Contractor or an Employee? | Part Two Hire a Contractor or an Employee? Mistaking an employee for a contractor could cause you to have to reimb
Read MoreDo I Have to Pay Taxes on De Minimis Benefits?
De minimis fringe benefits. As an employer, you’ve probably heard the term. But what the heck does it mean? No need to call your accountant. Just keep reading. A Brief Description De minimis fri
Read More2015 Social Security Wage Cap Increase
The Social Security Administration has increased the maximum taxable earnings cap for 2015 to $118,500, up from $117,000 in 2014. After an employee has reached $118,500 in gross wages, employers are n
Read MoreHealth Care Law Tax Reminder
It’s the most wonderful time of the year! Not exactly. It’s tax time. Yippee. The IRS wants to remind you that you and each member of your family are now required by law to have qualifying
Read MorePayroll Taxes
Let’s talk about everyone’s favorite subject: payroll taxes. Which taxes are required to be withheld? Federal withholding (employee completes Form W4) State withholding (Arizona emp
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