Federal and state governments levy several payroll taxes. Some are taxes paid by employees. Generally, employers must calculate these taxes, deduct the money from paychecks and remit the money to the ...
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How to Create Payroll Journal Entries
Successful businesses must stay on top of their accounting. Learn how to use payroll journal entries to track wages and other ...
Small businesses get the benefit of deducting business expenses from their taxable income. Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the ...
On June 4, 2021, King County Superior Court upheld the validity of the new Seattle payroll expense tax (dubbed the "JumpStart" tax) against a constitutional challenge. The tax came into effect January ...
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