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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

APRIL 9, 2024

These taxes fund social insurance programs such as Social Security, Medicare, and unemployment benefits. Here’s a quick breakdown of payroll taxes: Federal Income Tax Withholding : Employers must withhold federal income tax from employees’ wages based on their W-4 Forms and Internal Revenue Service (IRS) guidelines.

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Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

MARCH 22, 2021

To illustrate the point that there are a lot of taxes to keep up with, even back in Colonial times. For payroll, in particular, there are a number of taxes. Then, there’s how to pay and file these taxes. This applies to the quarterly payroll tax returns (Form 941) normally due on April 30, 2021.

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Accountant Advocate

Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

Last Week in Payroll: Keeping Up with Taxes

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