accounting system, Expense Reimbursements and income tax

Errors in Posting Payroll

SMBAccountant

NOVEMBER 17, 2021

This is incorrect and causes labor to be understated and taxes to be overstated. This can include deductions for Social Security, Medicare, federal and state income taxes, health insurance, 401k, child support, expense reimbursements, and many others. This is the total labor expense to the company.

payroll

payroll payroll tax income tax Expense Reimbursements

How to Set Up Online Payroll for Your Small Business

xendoo

JULY 15, 2022

Also known as Employer Tax ID, an EIN is a unique nine-digit number that identifies your business for tax purposes. While its main purpose is to help you with federal income taxes, it also comes in handy when opening bank accounts, credit cards, loans, local taxes, or setting up payroll.

payroll

payroll payroll tax income tax Tax

Accountant Advocate

Errors in Posting Payroll

How to Set Up Online Payroll for Your Small Business

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