Tag: payroll liabilities
How to Set up Payroll for Small Business (2024)
As a small business owner, managing payroll can be a daunting task. From ensuring compliance with various regulations to calculating taxes and withholdings accurately, payroll processing can quickly become…
Maryland State Payroll Tax Guide (2024 Guide)
All businesses in Maryland must comply with the state’s payroll withholding regulations, including collecting and remitting taxes, as well as filing and submitting required reports. These taxes are collected…
How to do Payroll for a Healthcare Company (7 steps)
Payroll processing is one of the most tedious and sometimes dangerous aspects of operating a healthcare company. The potential for significant harm is obvious, as 17% of workers have…
How Does The IRS Disaster Relief Work?
The Internal Revenue Service (IRS) provides tax-cum-tariff disaster relief to legal business practitioners and conditional tax-paying individuals against natural and financial disasters in the form of quarterly payrolls, waivers,…
What is EIN? Quick Guide
Welcome to the world of EINs, where numbers open doors and make the tax world go round! If you’ve ever found yourself wondering, “What exactly is an EIN, and…
Complete Guide to Starting a Business in Maryland
Welcome, aspiring entrepreneurs, to the land of opportunity and Old Bay seasoning—yes, it’s Maryland! If you’ve been dreaming of starting a business in this charming and diverse state, you’ve…
5 things You Need to Know to File Tax as a Construction Worker
As an independent contractor, you should know whether or not you need to submit a Form 1099 while you file tax as a construction worker. This depends on your…
6 Steps Before Opening a Restaurant
So, you’ve thought of opening a restaurant in your hometown, but you’re not sure where to start. Here are six necessary steps you need to check before opening your…
What is Form W-2? Definition (everything you need to know)
In January of each year, all workers get their Wage and Tax Statements, Forms W-2, detailing all salary, wage, and other payments made through the payroll system over the…
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