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Payroll Tax Deferral for Federal Employees Prompts Criticism

CTP

A government notice indicating that President Trump’s temporary payroll tax deferral will go into effect for federal employees sparked alarm from observers, who say the move may be illegal. The post Payroll Tax Deferral for Federal Employees Prompts Criticism appeared first on certifiedtaxcoach.

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Agricultural Industry Goes Tech With OnPay, Xero Partnership

PYMNTS

Payroll provider OnPay is collaborating with accounting software company Xero to bring back-office services to the agricultural industry, Accounting Today reported on Wednesday (Aug. that already use Xero for payroll, HR and benefits, will find additional benefits and easier bookkeeping with the Xero-OnPay collaboration.

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IRS Form 941: What Employers Need to Know in 2023

inDinero Tax Tips

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. Pay above this amount is not subject to social security tax.

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IRS Form 941: What Employers Need to Know in 2023

inDinero Tax Tips

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. Pay above this amount is not subject to social security tax.

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Restaurant Association Seeks Federal Help To Stabilize Industry

PYMNTS

To do that, Congress will have to ensure that food and agriculture employees get priority status in testing for COVID-19 and classify restaurant employees as essential employees, giving them payroll tax relief.

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The Certified Payroll Professional Corner

ThomsonReuters

.” He adds that, “You need a general knowledge of all payroll functions.” ” The CPP only covers federal payroll information – payroll laws, U.S. Department of Labor regulations, record retention, federal payroll tax forms, payroll systems, and accounting.

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Last Week in Payroll: Federal Employment Taxes

ThomsonReuters

In general, the federal income tax, Social Security tax, FUTA tax, Medicare tax, and Additional Medicare tax are considered employment or payroll taxes. An employer withholds these taxes from the wages of each employee and file and pay the taxes with the IRS. Payroll tax relief.

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