Grow Your Skills
Form W-2 is an essential document used by employers to report employees’ wages and taxes withheld to the Internal Revenue Service (IRS). It is a crucial document for both employees
In the United States, the distinction between an employee and an independent contractor is crucial not only for workers but also for businesses and the government. This classification determines various
Health issues can strike unexpectedly, and when you’re unable to work due to illness or injury, it can be a financial strain. This is where sick pay, including third-party sick
The arrival of tax season can be both a daunting and crucial time of the year for individuals and businesses alike. When preparing for the year end and the new
Payroll record keeping is one of the most important tasks that a company performs. Smooth and accurate payroll processing, which includes meticulous payroll record keeping, helps companies meet deadlines, keep
Child support deductions represent a vital aspect of payroll record-keeping, significantly impacting three key parties: employers, employees, and, most importantly, the children involved. These deductions are collected from the income
In the United States, religious freedom has always been regarded as an essential and indispensable right. It is enshrined in the First Amendment of the Constitution, which protects the free
The Sarbanes-Oxley Act (SOX) aims to enhance transparency, accountability, and accuracy in financial reporting for corporate governance and financial regulation. The legislation, implemented in 2002 after corporate accounting scandals, has
An employee’s salary is determined by factoring in several components, including benefits and deductions. Medical deductions, in particular, are a common element of payroll. These deductions involve subtracting certain amounts
Paying taxes is one of the most important duties of a citizen, and it is the responsibility of government institutions, such as the IRS, to ensure that all taxpayers fulfill
