Category: Taxes

Female independent contractor woman working in a modern office

An Employer’s Guide to Form 1099-NEC

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...

Blank Form W-4, Employee’s Withholding Certificate, beside a calculator and glasses

An Employer’s Guide to Form W-4

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...

woman using a calculator to determine payroll taxes

How to Calculate Payroll Taxes

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...

small business owner reviews unemployment insurance options

All About Federal Unemployment Tax (FUTA)

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...

small business owner calculating their quarterly tax payments

Tax Quarters: Do I Need to Pay Estimated Taxes and When?

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...

man typing on calculator and looking at paper

6 Payroll Tax Questions You Need Answered

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...