Payroll & Accounting
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How Are an Employee’s Fringe Benefits Taxed?
Don’t be fooled by the simplicity of fringe benefits tax. For the uninitiated, the fringe benefits tax is a federal income tax that employers pay on the value of all […]
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Sales Tax Nexus Resources
Sales Tax Nexus is a measure of how much your business is connected to a taxing jurisdiction. In the modern economy, a nexus is created when a business sells something […]
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What is Nexus?
Nexus is a business term meaning the closest level of connection between a business and state. A nexus is a form of perpetual residency that can be used for tax […]
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The New Form W-4
U.S. employers must begin withholding income tax from employees’ paychecks in accordance with the new federal tax law that was signed into effect this past December. Whether you are a […]
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IRS Releases Draft Form W-4P
The IRS has released a draft version of Form W-4P, Withholding Certificate for Pension or Annuity Payments. This new form is being put into place to ensure that taxpayers are […]
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Different Types of Fringe Benefits
Fringe benefits are supplements on an employee’s normal salary. They are the unspoken perks that can make a big difference to your standard of living. While employers and employees alike […]
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What Are Fringe Benefits?
Fringe benefits are employee benefits that are not part of the regular pay, so they are not included in the traditional payroll figures. These are the perks that employees receive […]
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Difference Between a Tax Lien and a Tax Levy
Tax jargon does not come naturally to individuals who do not work for the IRS. That is one of the causes why there is so much confusion regarding the difference […]
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How Does a Tax Levy Work?
The tax levy is a legal process that the IRS can use to collect an outstanding debt. A taxpayer is required to start this process while the debt remains unpaid. […]
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What Is a Tax Levy?
A tax levy is an administrative action the IRS takes to seize property in order to satisfy a tax liability. The levy “includes the power of distraint and seizure by […]
