Payroll & Employment Taxes

The best way to report payroll taxes. In IRS bulletin IR-2022-103, the IRS put out information useful for small business owners who have to report payroll taxes. They urged small businesses to take advantage of the accuracy, speed and convenien... Read More

Biden the rich and tax increases. With the political winds shifting, most knew the time for tax increases on the rich was here. A lack of investment in America's infrastructure, ahs hurt us in a competitive world, where broadband is a must, and ha... Read More

How much are payroll taxes this year. Payroll taxes are types of tax that are applied to earned IRS income, meaning wages, salaries, bonuses, and income from a business you actively participate in. There are two components to the payroll tax in th... Read More

Trumps payroll tax deferral. President Trump's decision to defer payroll taxes until the end of the year is leaving challenges for lawmakers to mange after he leaves office in January, and they haven't figured out what-if anything to do. Members o... Read More

Trump and the payroll tax cut, President Donald Trump's blitz of executive orders includes a promise of tax relief for workers, but policy experts say the White House has left several critical questions unanswered, including who will be responsibl... Read More

Payroll tax cut axed in stimulus bill. Republicans crafting their own plan for a new U.S. virus bill broadly endorsed a fresh round of stimulus checks to individuals extended supplemental jobless benefits and more money for testing while voicing d... Read More

Seattle freezes payroll tax debate. The Seattle City Council has suspended its consideration of a proposed payroll tax. City Council president M. Lorena Gonzalez (D) noted that a proclamation by Washington State Gov. Jay Inslee (D) limits the topi... Read More

Independent contractor or employee. This issue comes up with companies that we have dealt with over the last 32 years. Often, companies incorrectly classify an employee as an independent contractor, hoping to avoid payroll taxes and health insuran... Read More

Statutory employees and qbi. Section 199A of the Internal Revenue Code provides many taxpayers a deduction for qualified business income (QBI) from a qualified trade or business operated directly or through a pass through entity. The deduction has... Read More