Payroll & Accounting
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What is Payroll Record?
Payroll is the process by which employers calculate the amount of money that they owe employees for their labor. While most employers use pay scales to determine how much they […]
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Recordkeeping Requirements under the Fair Labor Standards Act (FLSA)
The Fair Labor Standards Act (FLSA) is a federal law designed to protect employees from exploitation and ensure fair compensation, safe and healthy working conditions. The FLSA applies to over […]
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What is the Low-Income Housing Tax Credit?
The Low-Income Housing Tax Credit (LIHTC) is a federal tax credit for the development of affordable rental housing that may qualify for a tax credit. The LIHTC is awarded competitively, […]
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Improve Your Payroll Process by Using Payroll Metrics
Payroll is a staple of any company, but it can be more than just a means to an end. For instance, it can be used to measure the efficiency of […]
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Difference Between Federal Withholding Tax & State Withholding Tax
Federal withholding tax refers to the amount taken by the employer out of the employee’s paycheck for taxes and then remitted to the Federal Government on the employee’s behalf. On […]
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Unemployment Tax Rules For Multi-state Employees
Unemployment tax rules for multi-state employees determine which state unemployment tax fund employers pay for an employee. Further, under unemployment tax rules for multi-state employees, payment of federal and state […]
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Covid-19 Impact On Remote Work And State Tax Policy
The fallout from the impact of COVID-19 had and continues to have a significant impact on the way employers conduct business. Many employees continue to work on a remote basis […]
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Understanding The Protocol On NSPIRE
The regulatory implementation of NSPIRE (National Standards for the Physical Inspection of Real Estate) is described by HUD as ‘the processes and procedures, the alignment of which includes the regulatory […]
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What Is A Withholding Tax?
It refers to the set amount of money that is a credit against the income taxes that the employee must pay during the year and which an employer withholds from […]
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Form 941: Employer’s Quarterly Federal Tax Return
Form 941 is an IRS form that captures the details of payroll processing for the employer and the employer’s employees. While this form is not required for the employer to […]
