Category Archives: payroll taxes
Small Business Taxes – How to Get an Employer Identification Number (EIN)
Do you need an Employer Identification Number (EIN) for your small business? You may be required to get an EIN for any number of reasons, such as: 1. Hiring employees 2. Forming a corporation 3. Forming a partnership 4. Buying … Continue reading
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Small Business Tax Questions – How Do You Pay A Part-Time or Seasonal Employee?
Do you own a small business and do the most of the work yourself? But on occasion you find it necessary to hire some help, perhaps on a part-time or seasonal basis. How do you handle these intermittent employees? This … Continue reading
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Self-Employed Tax Questions – How Much Self-Employment Tax Must You Pay?
Are you self-employed and wonder how much of the dreaded self-employment (SE) tax you’ll be required to pay this year? Read on to get the answer. Generally speaking, the SE tax rate is about 15.3% of your self-employment profit. The … Continue reading
Year-End Payroll Forms: What Are W2’s and 1099’s?
Any business that has employees and/or independent contractors must end the year with another small mountain of paperwork to climb. Let’s talk about what forms you must file once the year is over. I call these “payroll information forms” or … Continue reading