Author: Tennessee. Department of Employment SecurityPublisher:
ISBN:
Category : Insurance, Unemployment
Languages : en
Pages : 23
Book Description
Your Payroll Tax and Employment Security
Author: Tennessee. Department of Employment SecurityPublisher:
ISBN:
Category : Insurance, Unemployment
Languages : en
Pages : 23
Book Description
Household Employer's Tax Guide
Author: Self-employment Tax
Author: Employment Taxes for Household Employers
Author: Estimates of Federal Tax Expenditures
Author: United States. Department of the TreasuryPublisher:
ISBN:
Category : Revenue
Languages : en
Pages : 12
Book Description
Your Payroll Tax
Author: Joseph Joel WechslerPublisher:
ISBN:
Category : Insurance, Unemployment
Languages : en
Pages : 72
Book Description
Employer's Tax Guide, Circular E
Author: Internal Revenue ServicePublisher: Createspace Independent Publishing Platform
ISBN: 9781984300126
Category :
Languages : en
Pages : 230
Book Description
Pub. 15 / Circular E explains your tax responsibilities as an employer. It explains the requirements for withholding, depositing, reporting, paying, and correcting employment taxes. It explains the forms you must give to your employees, those your employees must give to you, and those you must send to the IRS and the SSA. This guide also has tax tables you need to figure the taxes to withhold from each employee for 2017. References to "income tax" in this guide apply only to "federal" income tax. Contact your state or local tax department to determine if their rules are different. When you pay your employees, you don't pay them all the money they earned. As their employer, you have the added responsibility of withholding taxes from their paychecks. The federal income tax and employees' share of social security and Medicare taxes that you withhold from your employees' paychecks are part of their wages that you pay to the United States Treasury instead of to your employees. Your employees trust that you pay the with-held taxes to the United States Treasury by making federal tax deposits. This is the reason that these withheld taxes are called trust fund taxes. If federal income, social security, or Medicare taxes that must be withheld aren't withheld or aren't deposited or paid to the United States Treasury, the trust fund recovery penalty may apply. See section 11 for more information. Pub. 15-A includes specialized information supplementing the basic employment tax information pro-vided in this publication. Pub. 15-B, Employer's Tax Guide to Fringe Benefits, contains information about the employment tax treatment and valuation of various types of non-cash compensation. Pub. 535 discusses common business expenses and explains what is and is not deductible. The general rules for deducting business expenses are discussed in the opening chapter. The chapters that follow cover specific expenses and list other publications and forms you may need.
(Circular E), Employer's Tax Guide - Publication 15 (For Use in 2021)
Author: Internal Revenue ServicePublisher:
ISBN: 9781678085223
Category :
Languages : en
Pages : 52
Book Description
Employer's Tax Guide (Circular E) - The Families First Coronavirus Response Act (FFCRA), enacted on March 18, 2020, and amended by the COVID-related Tax Relief Act of 2020, provides certain employers with tax credits that reimburse them for the cost of providing paid sick and family leave wages to their employees for leave related to COVID‐19. Qualified sick and family leave wages and the related credits for qualified sick and family leave wages are only reported on employment tax returns with respect to wages paid for leave taken in quarters beginning after March 31, 2020, and before April 1, 2021, unless extended by future legislation. If you paid qualified sick and family leave wages in 2021 for 2020 leave, you will claim the credit on your 2021 employment tax return. Under the FFCRA, certain employers with fewer than 500 employees provide paid sick and fam-ily leave to employees unable to work or telework. The FFCRA required such employers to provide leave to such employees after March 31, 2020, and before January 1, 2021. Publication 15 (For use in 2021)
Payroll Answer Book 2010e
Author: Ernst YoungPublisher: Aspen Publishers
ISBN: 9780735591226
Category : Payroll deductions
Languages : en
Pages : 1152
Book Description
Payroll Answer Book gives payroll professionals guidance on what steps they need to take to comply with the laws and regulations governing payroll. From both a legal and practical standpoint, broad and deep coverage is given to the payroll implications of the wage and hour law and how to handle the federal employment taxation of benefits offered to employees. Detailed information is provided on computing and paying payroll taxes, how to handle garnishments and other deductions, how to determine whether workers are employees or independent contractors, what records must be kept, what the benefits and disadvantages of direct deposit of employees' wages are, how to treat sick pay, how to handle a merger or acquisition, or what to ask when employees work abroad. In addition to answering the full range of payroll questions, the Payroll Answer Book contains abundant examples that illustrate necessary calculations. The 2009 Edition of Payroll Answer Book brings the payroll professional up to date on the latest federal law and regulatory changes. Highlights include: How the American Recovery and Reinvestment Act of 2009 (the stimulus package) affects Payroll for 2009 Planning opportunities in a merger and acquisition situation to avoid costly pitfalls and to take advantage of favorable elections where allowed Explanation of new Form 941-X How to report and pay state unemployment taxes Enhanced explanation of how an expatriate differs from a local hire New chart summarizing the period for which state income tax withholding records must be kept Suggestions to keep unemployment taxes in check How to make interest-free adjustments A new section on state disability insurance plans The single most important payroll task once an M&A event has been announced Tips on how to deal with PEOs for international workers How Payroll should treat a "demerger," "spin-off," and "spin-out" New alternative to opt out of filing a Form 944 The risk in asking to see an employee's Social Security card How to relieve employees from paying federal income tax on future sick pay payments Cautions on overtime for employees who work in a foreign country How the bankruptcy law affects withholding from an employee's pay for support Explanation of international ACH transactions A workshare program as an alternative to employee layoffs Updated chart and examples illustrating garnishment limits in light of new minimum wage rates How commuting expenses in a company vehicle may be exempt from wages What is wages for state unemployment tax purposes Explanation of Revenue Ruling 2008-25 with regard to mergers The reporting requirements for achievement awards that are treated as wages How an acquired corporation in a statutory merger or consolidation files a final Form 941 and Schedule D Explanation of E-Verify What requirements apply to the special accounting rule When to treat fringe benefits as paid for withholding and reporting purposes Whether voluntary contributions relate to the FUTA tax credit Whether the DOL treats telecommuters different than other employees Recommendations to employers that change their name or address due to a business restructuring How to file a Form 941 for the quarter of merger
Payroll Answer Book
Author: Deborah Ellis TimberlakePublisher: Aspen Publishers
ISBN: 1543811523
Category : Business & Economics
Languages : en
Pages : 1324
Book Description
Payroll Answer Book Payroll Answer Book gives payroll professionals guidance on what steps they need to take to comply with the laws and regulations governing payroll. The Q&A format helps you quickly and easily find answers to all of your employees' payroll questions. From both a legal and practical standpoint, broad and deep coverage is given to: Payroll implications of the wage and hour law How to handle the federal employment taxation of benefits offered to employees Computing and paying payroll taxes How to handle garnishments and other deductions How to determine whether workers are employees or independent contractors What records must be kept What the benefits and disadvantages of direct deposit of employees' wages are How to treat sick pay How to handle a merger or acquisition What to ask when employees work abroad In addition to answering the full range of payroll questions, the Payroll Answer Book contains abundant examples that illustrate necessary calculations. The 2019 Edition of Payroll Answer Book has been updated to include: How to complete the 2018 W-2 Form Requirements under the Protecting Americans from Tax Hikes (PATH) Act provisions that are in effect for 2016 Forms W-2 A new safe harbor for de minimis errors Revised due dates for forms Budget proposals for 2018 affecting unemployment Additional analysis about the method of acquisition of a predecessor’s property being material And much more! Previous Edition: Payroll Answer Book, 2018 Edition, ISBN: 9781454899822