Payroll Taxes 101

Payroll Taxes 101

As a small business owner, understanding payroll taxes is crucial to maintaining compliance and ensuring your business runs smoothly. Payroll taxes can be complex, but with the right knowledge and tools, you can manage them effectively. This guide will walk you...
Tax issues for the self-employed

Tax issues for the self-employed

Across the country, the number of people who define themselves as self-employed is growing. In 2019, the Bureau of Labor Statistics estimated there are 16 million self-employed in the United States. While taxes for the self-employed are similar to those of other...
Accounting for household employment taxes

Accounting for household employment taxes

If you employ household workers such as nannies, caretakers, chefs, maids, private nurses and others, you may need to withhold payroll taxes. As an employer, you are not required to withhold federal income tax from your employees’ pay. The IRS does require that you...