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How to Fill Out Form 940 the Right Way

Patriot Software

It’s about time to complete Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return. The FUTA tax return differs from other employment tax forms in a few ways. So, how to fill out a 940 tax form also differs. Learn how to fill out Form 940 […] READ MORE.

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How to Fill Out Form 940 for Federal Unemployment Taxes

BerniePortal

To that end, employers comply with federal law by using Form 940. What is Form 940 and how do you fill it out? Unemployment has unfortunately become a relevant issue for more and more American workers over the past year. But funding unemployment has concerned employers for decades.

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5 things to do when setting up restaurant payroll

Homebase

If you’re setting out to run payroll for your restaurant for the first time, following these five steps will make the process much easier each pay period. . The Internal Revenue Service (IRS) will have all the federal information, and you can check out your state labor websites to learn more about the regulations in your area. .

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Payroll Taxes for Dummies (Ugh, Taxes)

Homebase

Like everything in life, there are great things about running a business, and others that you wish that you didn’t have to worry about. Payroll taxes fall into the latter category for many new business owners. Taxes can be daunting, confusing, and stressful. Both you (the employer) and the employee contribute to payroll taxes.

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How to do payroll for a small business

Homebase

As your entrepreneurial venture grows and you find yourself needing to hire employees to help take on the increasing workload, you need to learn how to do payroll for a small business. You can learn how to do payroll yourself or hire an HR manager to take care of it in-house each pay period. Get an Employer Identification Number (EIN).

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The ultimate small business end-of-year checklist

Homebase

Regardless of how you adapted in response to the pandemic, now is a good time to review your wage and hour practices in case you get audited. . Your cash flow statement reports on how you spent money during the year. Inflow is how much money came in, and outflow equals your expenses. COVID vaccine mandates by state.

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Tips for Employer Taxes

BerniePortal

So we’re going to dig into all of these responsibilities in a minute - but first, how did employers wind up responsible for employee withholding in the first place? So we’re going to dig into all of these responsibilities in a minute - but first, how did employers wind up responsible for employee withholding in the first place?