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Payroll Tax

How to Protect Your Business from Payroll Fraud Schemes

Payroll fraud is a threat to any business that pays employees or contractors. Unfortunately, this...

New Ohio Employer Withholding Rates Effective July 1, 2024

The Ohio Department of Taxation has issued new employer withholding tables for payrolls that end on...

IRS Delays $600 Form 1099-K Reporting Threshold

Businesses and individuals concerned about the confusing 1099-K reporting requirements can breathe...

Year-End Bonuses: Tax Issues for Employers and Employees

The holidays are often referred to as "the most wonderful time of year"—and, for some people,...

New Electronic Filing Requirements for Forms W-2 and 1099

Earlier this year, the IRS and State of Ohio announced updates to filing requirements for certain...

Social Security Wage Base and Earnings Test Amounts Increase in 2024

The Social Security Administration (SSA) recently announced that the "wage base" for computing...

6 Types of Payroll Tax Obligations Employers Should Know

There's more to paying taxes than just federal and state income taxes. Another major tax chore for...