IRS Payroll Tax Withholding Chart – 2018
The updated withholding information shows the new rates for employers to use during 2018. Employers should begin using the 2018 withholding tables as soon as possible, but not later than Feb. 15, 2018.
payroll expenses
Tax Court Approves Compensation Paid to Business Founder’s Sons
On its tax returns, the company deducted about $4 million in compensation and $7.3 million paid to the sons in 2003 and 2004, respectively. The IRS audited the business and partially disallowed the deductions for compensation.
What You Need to Know About President Obama’s 2017 Budget Proposal
It’s time for President Obama’s 2017 budget proposal. This is his last budget proposal and, while not much is new, there are several items that directly affect payroll and payroll departments.
4 Payroll Considerations for Nonprofits
When people receive their paychecks, be it weekly, bi-weekly or some other, they may notice the litany of deductions indicated on the pay stubs. They often dismiss them and simply accept that Uncle Sam takes his fair share—and they grudgingly acquiesce.