SMBAccountant

NOVEMBER 17, 2021

One of the most common errors is derived from posting expenses as cash comes out of the bank. This typically happens in at least 2 withdrawals; net pay and payroll taxes. You would post the net pay to a labor expense account and the payroll taxes to a payroll expense account.

payroll 130

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ThomsonReuters

MARCH 15, 2023

Using its regulatory authority, the IRS implemented the Certified Professional Employer Organization (CPEO) program that includes staffing companies and payroll companies, so that such businesses may be treated as the statutory employer for  Code Sec. 3401(d)  purposes and be liable for the federal employment and income tax withholding.

payroll tax 52

payroll tax payroll Tax Construction 52

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.

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payroll payroll tax income tax Tax 59