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In the United States, employers typically withhold federal income tax from compensation paid to employees and remit that withheld amount to the IRS. When an employer issues a Form W-2
As the new tax season approaches, employees and employers will be flinching to prepare the different forms and filings needed for the tax returns. Nevertheless, there are a few documents
The IRS recently released changes to its income tax withholding tables for 2018 and 2022. If you regularly file your tax returns online, you can use the updated withholding tables
Are you an employer who pays taxes? The IRS can help you out with a list of publications that contain information about your responsibilities to file and pay taxes. Publication
Nexus is the state-to-state nexus that allows a state to tax certain out-of-state businesses. Nexus is the property of a business that overlaps with a state’s taxing jurisdiction. If a
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
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
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
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
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
