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What is Payroll Tax?

Abel HR

One of the most perplexing topics in the human resources industry is that of the payroll tax. What are Payroll Taxes? When business owners pay their employees’ wages, the law requires them to make tax payments on their behalf. What Classifies as Payroll Tax? Self-Employment Tax.

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AbelHR: What is Payroll Tax?

Abel HR

One of the most perplexing topics in the human resources industry is that of the payroll tax. What are Payroll Taxes? When business owners pay their employees’ wages, the law requires them to make tax payments on their behalf. What Classifies as Payroll Tax? Self-Employment Tax.

Taxes 52
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Employment Tax Processing: Just Because You Can Doesn’t Mean You Should

HR Bartender

You can stay up to date on HCM topics with the ADP Spark blog. A great example of this is my taxes. Can I prepare my own taxes? The time I spend doing tax-related stuff could be better spent generating revenue by working on client projects or building my business. I must keep my employment tax knowledge current.

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis. Since the salary reductions are not received by the employee, they are not considered wages for income tax purposes. Set-up and tax implications. Flexible spending accounts.

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What Are Payroll Liabilities?

Abel HR

If you’ve ever run your own payroll, you know what a huge undertaking it is. Indeed, these so-called payroll liabilities are defined as any type of payment owed as a result of running payroll. Again, because of that lull between earning time and deposit time to any third parties, it is counted as a liability.

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Tips for Employer Taxes

BerniePortal

*This blog is adapted from the HR Party of One episode, Tips for Employer Taxes, which you can view below. Tax season is among us - so today, we’re covering what HR Parties of One need to know. Paying employer contributions for FICA taxes. Paying other employer business taxes. FICA Requirements.

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NJ Targets Rampant Misclassification of Drywall Workers

Workers' Compensation

Workers who are misclassified as independent contractors may not be eligible for workers' compensation benefits if they are injured on the job. Employers who misclassify drywall workers should be aware that they are subject to enforcement actions by the NJDOL. They may also be more vulnerable to exploitation by their employers.