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Accounting & Bookkeeping, Company, Form, Payroll, Taxes

How To Calculate Payroll Taxes

Learn how to withhold, remit, and calculate payroll taxes! If you are a small business owner with employees, you know paying them is not as simple as just writing out a check. For most employees, you must withhold the following taxes: …

Accounting & Bookkeeping, Form, News, Taxes

The most common types of income tax returns

Form 1040 (U.S. Individual Income Tax Return) (a.k.a. “the long form") Form 1040A (U.S. Individual Income Tax Return) (a.k.a. “the short form") Form 1040EZ (Income Tax Return for Single and Joint Filers With No Dependents) …

Accounting & Bookkeeping, Company, Individual, Taxes

If IRS Letter arrives in the mail?

The IRS mails millions of pieces of correspondence every year to taxpayers for a variety of reasons. Below are some suggestions on how to best handle a letter or notice from the IRS: Do not panic. Simply responding will take…