by chris | Jul 31, 2018 | Human Resources, Payroll, Taxes
Form W-4 helps employers determine how much federal income tax to take out of their employees’ wages. On the form, employees state their withholding conditions, such as filing status, number of allowances and any additional amount they want to be withheld. It is...
by chris | Jul 30, 2018 | Taxes
It has long been the rule that a state cannot collect online sales tax from a vendor that is selling products in that state, unless that vendor has a physical presence, called a nexus. However, on June 21, 2018, in a 5-4 decision, the Supreme Court swept away the...
by chris | Jul 5, 2018 | FLSA, Payroll, Taxes
A commission is a sum of money an employee receives for performing a certain task. This sum is typically a percentage of sales made. Some employees receive commission only, others are paid a payroll commission plus a salary or hourly wage. In some cases, a...
by chris | Jun 18, 2018 | Business Tips, Payroll, Taxes
Deductions Taken Before Taxes Pretax deductions are subtracted from employees’ wages before taxes are taken out, thereby lowering their taxable wages and increasing their take-home pay. For deductions to be eligible for pretax status, the employer must have an...
by chris | Jun 11, 2018 | Payroll, Taxes
The Internal Revenue Service aggressively collects delinquent payroll taxes, and it has the authority to do just about anything to collect them. Here are five of the most aggressive tactics the agency uses. Shut you down. The IRS can lock your doors and shut down your...
by chris | Jun 11, 2018 | FLSA, Human Resources, Payroll, Taxes
The Fair Labor Standards Act (FLSA) sets guidelines for classifying exempt employees vs. nonexempt under federal law. Exempt means that the employee is excluded from the Act’s overtime pay provisions and therefore does not have to be paid overtime for work hours...
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