Small Businesses: Stay Clear Of A Severe Payroll Tax Penalty
One of the most laborious tasks for small businesses is managing payroll. But it is critical that you not only withhold the right amount of taxes from employees’ paychecks but
One of the most laborious tasks for small businesses is managing payroll. But it is critical that you not only withhold the right amount of taxes from employees’ paychecks but
There are several ways to save for your child’s or grandchild’s education, including with a Coverdell ESA. Although for federal tax purposes there is no upfront deduction for contributions made
As the gift-giving season nears, you may be considering giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of gift taxes to their
As an employer, you must pay Federal Unemployment Tax Act (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. The rate of
We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state
As teachers head back for a new school year, they often pay for various expenses for which they do not receive reimbursement. Fortunately, they may be able to deduct them
If you are self-employed and do not have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2019. Keep in mind that this list is not all-inclusive, so there
If you are like many people, you have worked hard to accumulate a large nest egg in your traditional IRA (including a Simplified Employee Pension-IRA). It is even more critical
Years ago, Congress enacted the ‘kiddie tax’ rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. And