i4 Services - FCSA Accredited Umbrella Company’s Post

The year is halfway over. 🔎This is a good time to assess your financial situation and determine whether you need to increase or decrease your tax withholding for the rest of the year. ☎️ Need help? Contact The Payroll People at 262-351-7177 or on our website, www.thepayrollpeople.com #taxwithholding #payrolltax #MidYearCheckup #MidYearCheckIn #employeetaxes #payrollreview

🚨 Attention government contractors! 🚨 If you’re working across different states, make sure you’re tracking your income and payroll costs for each location. Many states are keeping a close eye on activities and will expect you to report income and pay taxes accordingly. 💡 Tip: Track your income and payroll costs per state to avoid any discrepancies and unexpected tax collection notices. Don’t let state tax issues catch you off guard! Stay organized and stay compliant! . . . . #GovernmentContracting #TaxTips #StayCompliant #PayrollTaxes #IncomeTracking #StateTaxes #ContractorLife

With each Australian state and territory imposing distinct payroll tax rates and thresholds, businesses face the risk of financial penalties and operational disruptions for non-compliance. Our latest article provides practical insights into common payroll tax pitfalls and strategies for navigating them effectively. ➡️ Learn more here https://lnkd.in/g39UZbiQ 📑 #BusinessTax #ComplianceTips #SmallBusiness

🚨 COMPLIANCE ALERT! 🚨 The Internal Revenue Service has released inflation adjustments for tax year 2025, affecting everything from income tax brackets to benefit contributions: https://hubs.ly/Q02WcJF00 These updates, which will apply to 2025 returns filed in 2026, could impact employees' finances and HR planning. #irs #taxes #compliance #payroll #taxchanges #payrolldeductions #eitc #fsa #msa

The “game” of creatively reclassifying workers as 1099 to save on payroll tax is fraught with peril. And the penalties are severe. A business that’s fined may back-owe all those employment benefits taxes plus interest for the entire time of employment. New Jersey, for example, assesses a 20% penalty to start with for state and local tax noncompliance, which compounds. This is enough to put some companies out of business. Learn more here: https://lnkd.in/e-Qeiccj

Understanding your W-4 form is essential for proper tax withholding and financial planning. Our comprehensive guide explains the purpose of the W-4, how to fill it out, and the impact it has on your take-home pay. Essential reading for employees and employers alike to ensure accurate tax management. https://bit.ly/4cpN8fn #HR #TaxPlanning 📘

A payroll tax includes the taxes employees and employers pay on wages, tips, and salaries. For employees, taxes are withheld from their paychecks and paid to the government by the employer. These taxes include federal, state, and local income taxes. It also includes the employee's share of Social Security and Medicare taxes (FICA), which are paid to the federal government. Non-compliance can lead to significant financial penalties, audits, and legal consequences. That is why this week, we want to show you how to stay compliant, avoid costly penalties, and find out the best practices for payroll tax as a transportation company. Follow us @woodson.associates to learn more about this. #payrolltaxes #futa #fica #accounting #tax #taxation #audits #employees #employers

The Costly Mistake of Ignoring Employee Taxes Overlooking employee tax responsibilities can be disastrous for your business. Skipping proper payroll taxes or delaying payments might seem harmless, but it can lead to serious financial and legal issues. Protect your business by understanding and managing these critical obligations—don’t let tax mistakes drain your resources. Need help getting on track? Let’s talk. #EmployeeTaxes #PayrollTips #BusinessCompliance #AvoidTaxMistakes #KevinWeirCoaching #ActionCoach #BusinessFinance #PayrollManagement #EntrepreneurAdvice

As featured in The West Australian, WA businesses have demanded reform of the State’s unfair payroll tax system, identifying it as the number one business issue heading into the 2025 State Election. Our latest Business Confidence survey asked more than 800 businesses to identify their top three issues and CCIWA Chief Economist Aaron Morey says the message is overwhelming. Read more> https://loom.ly/1MpSFew Join our campaign> https://loom.ly/UiGObAM #CCIWA #payrolltax #WAbusiness

Handling employee taxes doesn't have to be complicated. 1. Maintain detailed records of all employee wages, tips, and hours worked to ensure accurate tax reporting. 2. Ensure proper federal, state, and local tax withholdings from employee paychecks. 3. Track and report employee tips accurately. They are taxable income. 4. Stay up-to-date with payroll tax regulations and submit timely payments to avoid penalties. 5. Educate employees about their tax responsibilities, including reporting tips and understanding their paychecks. 6. Always have a contact for a tax lawyer standing by for your questions. Start that relationship. Make that connection now. Did you receive a tax letter from the IRS or the state? Speak with a lawyer at stopirsproblem.com. 312-212-1000 www.stopirsproblem.com #irsproblems #irsaudit #taxlawoffices #taxresolution #irsinvestigation #irsdebt #taxlawyer #IRSHelp #illinoistaxlawyer #taxbusiness #taxattorney #taxresolutionspecialist #businessowner #taxlawoffices #businesstax #payroll #taxreturn #tax #taxaudit #PayrollManagement