Individuals who claimed exemption from income tax withholding on their Form W-4 last year must submit a new Form W-4 by February 15, 2024 to continue their exemption for the […]
Tag: Payroll
Deadline: File Employer Forms for Payroll & Non-Employee Compensation
Employers must file their copies of Form W-2, Wage and Tax Statement and Form W-3, Transmittal of Wage and Tax Statements with the Social Security Administration by January 31. Additional information on how to […]
Tips On Small-Business Payroll
Let’s say you’re a small business that doesn’t have enough employees to warrant an entire human resources department. At the same time, the idea of manually doing payroll just doesn’t […]
Payroll Tax Rates and Contribution Limits for 2024
Below are federal payroll tax rates and benefits contribution limits for 2024. Social Security tax In 2024, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2023. The […]
How To Avoid Incorrect W-2 Forms
In addition to regular paychecks, employees receive another payroll document from the company they work for. That document is known as Form W-2. This important document provides a comprehensive overview […]