Yes, Tax-Exempt Non-Profits Must Pay Payroll Taxes

By Top Tax Staff

As it turns out, non-profits must follow more than the tax law when it comes to being an exempt entity. If they hire employees, they also have the responsibility for payroll taxes, just like any business.

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The Complete Guide to Small Business Taxes

By Top Tax Staff

For business owners everywhere, the end of the year means that it is time to get ready to file their businesses’ tax returns. Rather than wait until the last possible minute, you can get ready now for tax filing season with some common sense advance planning. These strategies could help you maximize your deductions, lower your taxable income, and possibly increase the amount of your tax refund. 

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An Employer's Guide to IRS Wage Garnishment

By Top Tax Staff

As an employer, you are required to follow precise state and federal laws when paying your employees. Along with paying them what they have earned, you also must withhold amounts from their paychecks whenever your employees are garnished. You can comply with a garnishment order fully by understanding what it is and under what circumstances the state or federal government requires you to withhold money from your employees' earnings. 

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Avoiding Trust Fund Taxes? 4 Tips to Get it Sorted with the IRS

By Top Tax Staff

Like individual taxpayers, business owners must also file and pay taxes to the IRS. Along with paying taxes on the money that their companies make each year, they also must withhold numerous forms of taxes from their employees' paychecks. 

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What Happens if I Miss the Extended Corporations Tax Deadline in 2017?

By Top Tax Staff

Just like private citizens, business owners must file and pay their federal taxes each year. When these individuals realize that they may not be able to file on time, they have the option of requesting a tax extension from the IRS.

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Estimated Tax Payments: Meet the September Deadline

By Top Tax Staff

People who work as employees typically do not have to worry about withholding and paying taxes on a quarterly basis. Their employers take out taxes and send the money to the IRS for them.

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The Difference Between Tax Evasion and Avoidance

By Top Tax Staff

The IRS expects business owners like you to file and pay your taxes each year. To help you avoid overpaying what you rightfully should owe, the IRS allows you to use loopholes to lower your tax burden. 

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Understanding How to File and Correct the 941 Employment Tax Form

By Top Tax Staff

Small business owners have the unique obligation to report and pay their taxes quarterly. While the IRS wants this process to be relatively straightforward and simple, you still may be confused about what is actually expected of you at the end of every quarter. You can learn how to file the 941 employment tax form and avoid expensive fines and penalties by keeping these tips in mind.

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5 Requirements to Know before Hiring Employees for Your Business

By Top Tax Staff
 
As your business grows, you may find it wise to hire employees. Hiring employees can help your business meet the new growth and also improve the service or products you provide your clients. Before you bringing in any extra help, however, you should know these five important tips for hiring employees.
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Which Tax Exempt Forms Should Your Houston Business Accept?

By Top Tax Staff

Texas allows many businesses and organizations in the state to enjoy tax exempt status. These entities include churches, schools, charities and other groups that serve the public. Your business is required to recognize the tax exempt status of these organizations and accept their applicable tax forms. As you operate your business in this state, you should recognize and welcome these five common forms used for tax exemption.

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