List/Grid Tag Archives: FICA
Form 944: Employer’s Annual Federal Tax Return
Who Should File In order to understand Form 944, you need to understand its big brother, Form 941: Employer’s Quarterly Federal Tax Return. Form 941 is used to report federal…
Form 941: Employer’s Quarterly Federal Tax Return
How to Report Federal Income Taxes & FICA If you have employees, you’ve already figured out that the tough part of payroll is staying on top of all of the…
W-2 Forms
What it is and Why Your Employees Need It W-2 forms report the wages, tips and other compensation employees earned during the year. As an employer, it is your responsibility…
Producing a 1099
What You Need to Do Have you ever heard of a freelance worker or independent contractor referred to as a 1099? A 1099 is actually the form you, as an…
Before Processing Payroll
A Checklist of To-Do’s Before processing payroll, you need to make sure you have everything done that needs doing as required by law, and to ensure things are easy for…
Payroll Taxes
An Overview At first glance, processing payroll seems pretty easy. After all, how hard can it be to add up an employee’s wages and write out a check? The difficulty…
Payroll Tax Deposits
When and How to Make Them As part of doing payroll, you have to make payroll tax deposits on the federal taxes you’ve withheld from employees’ pay (income tax and…
Payroll Tax Withholdings
The Basics: FIT, SIT , FICA…and a few more There’s more to payroll than simply calculating employees’ hourly or salary rates and writing out a paycheck. As an employer, you…
Employer Payroll Tax Liabilities
The Basics: FICA, FUTA & SUI As an employer, you’re responsible for making withholdings from your employees’ pay for their portion of payroll taxes. You withhold federal income tax from…
Payroll Deductions
A Brief Walkthrough As an employer, you are responsible for deducting taxes from all employees’ pay. Basically, it works like this: You report the gross pay your employees make and…
