A Tax Essential: the Percentage-Withholding Method

Employers are required to withhold federal income tax from all employees’ wages unless the employee is exempt from the tax. The withholding amount is based on the employee’s taxable wages, marital status and number of allowances stated on his or her W-4...

Learning about Form W-2

As an employer, you have probably already heard that the W-2 form is an essential requirement when it comes to taking care of tax season paperwork for the IRS. While the W-4 form needs to be provided by employees for tax withholding purposes, employers also have to...