Patriot Software

MARCH 13, 2019

As an employer, you are likely familiar with reporting regular wages and taxes withheld on Form W-2. Imputed income is adding value to cash or non-cash employee compensation to accurately withhold employment and income taxes. Employers must add imputed income to an employee’s gross wages to accurately withhold employment taxes.

Payroll 50

Payroll Net Pay Taxes Online Payroll 50

Patriot Software

FEBRUARY 13, 2019

When an employee dies, withhold taxes from their wages (if applicable), issue their final wages to their beneficiary or estate, and report the payment to the IRS. If you pay the wages in the calendar year that the employee died, do not deduct federal income tax. If you use payroll software, remove the deceased from the system.

Payroll Software 41

Payroll Software Health Insurance Payroll Taxes 41

Insperity

NOVEMBER 25, 2013

Keep an eye out for these payroll faux pas: 1. Missing tax deposits and filing deadlines. That said, reporting and depositing taxes in a timely manner to federal, state and local taxing agencies is job one. Failing to keep up with changing payroll tax regulations. Withholding taxes at incorrect rates.

Payroll 40

Payroll Taxes Government Online Payroll 40