Search results “What are the payroll tax rates”
Withholding Taxes:  How to Calculate Payroll Withholding Tax Using the Percentage Method
Withholding Taxes: How to Calculate Payroll Withholding Tax Using the Percentage Method There are multiple ways to calculate withholding taxes. One way is by using the Percentage Method. To begin using the Percentage Method, you must have the employees W-4 form. The employees W-4 form will outline how many allowances the employee is claiming. This information is always necessary when calculating withholding taxes. Your first step is to determine your payperiod, whether you are paying on a weekly, biweekly, or monthly basis. You will then multiply one withholding allowance for your payroll period by the number of allowances indicated on the employee's W-4 form. Next, you will subtract this amount from the employees wages. You will then go to Publication 15, pages 43-44 and use the Percentage Method Withholding Tables to determine the amount of withholding taxes for your employee. Please make sure that you are using the correct IRS table, the correct pay period section and the correct marital status column. All of these steps are outlined in the above video with two very detailed step by step examples.
Views: 121928 Karin Hutchinson
Employer Payroll Taxes: Simplified!
How do I hire employees? How do I pay employer payroll taxes? Payroll can be confusing! This video simplifies it ALL! My Gusto link: https://gusto.com/r/PloJd/?utm_source=reflink If you sign up through my link, you'll receive access to my training program for free! Need a better tax experience? My process helps you with your finances & growing your business! https://www.amandarussell.mba/tax-services/ Need help with your finances & growing your business? Learn more: https://www.amandarussell.mba/businessgrowthprogram/
Federal Income Tax FIT - Payroll Tax Calculation
The calculation of the federal income tax FIT is one to the most confusing payroll taxes for multiple reasons. One is that it is easy to get the federal income tax FIT payroll tax mixed up with the corporate federal income tax. FIT for payroll taxes is paid based on employee wages. The other reason Federal Income Tax withholdings FIT withholdings are are difficult is because they are based on a progressive tax, one where the rates increase as income increases. The progress income tax used for federal income tax FIT withholdings requires the use of tables to calculate the tax. To fine the proper withholding on the table we need the allowances, marital status, and pay periods. For more accounting information see website. http://accountinginstruction.info/courses/
What are Payroll Taxes
What is FICA and what exactly does Payroll Tax cover? How does a business owner or employee budget for the Payroll tax? What does it mean for employers and self employed business owners? What do the 2013 new Medicare taxes mean for employers? How should employers stay up to date on Federal and State employment taxes for employers?
What Is the Payroll Tax Withholding on a Weekly Income?
What Is the Payroll Tax Withholding on a Weekly Income?. Part of the series: Tips on Managing a Business. Payroll tax withholding on a weekly income is calculated in a very specific way. Learn about payroll tax withholding on a weekly income with help from a versatile business and financial consultant in this free video clip. Read more: http://www.ehow.com/video_12200755_payroll-tax-withholding-weekly-income.html
Views: 223 ehowfinance
What Are The Payroll Taxes In California?
"REVEAL What Are The Payroll Taxes In California? LIST OF RELATED VIDEOS OF What Are The Payroll Taxes In California? What Are The Penalties For Breaking The Copyright Law? https://www.youtube.com/watch?v=zPcQDQFe8Sk What Are The Penalties For Driving An Unregistered Vehicle? https://www.youtube.com/watch?v=LI7rj4xy7ww What Are The Penalties For Driving With An Expired License? https://www.youtube.com/watch?v=EMMQPA5oUWQ What Are The Penalties For Driving Without A License In California? https://www.youtube.com/watch?v=giH4WYQ1M8g What Are The Penalties For Driving Without A License? https://www.youtube.com/watch?v=3XlwaTiqhSk What Are The Performance Elements Of Drama? https://www.youtube.com/watch?v=_tDhEjNTLkc What Are The Periods Of Music? https://www.youtube.com/watch?v=s5BonV_D11E What Are The Periods Of The Periodic Table? https://www.youtube.com/watch?v=tV4YfTlRrgQ What Are The Peripherals Of A Computer? https://www.youtube.com/watch?v=216wGTzWwOU What Are The Personal Characteristics? https://www.youtube.com/watch?v=2yj3bkMbim8"
Views: 116 mad Video Marketing
Payroll Taxes Explained
An Easy Overview Of Payroll Taxes
Views: 2718 Christopher Hunt
How to Calculate Canadian Payroll Tax Deductions - Guide
Tutorial for calculating payroll taxes and deductions in Canada. Includes instructions on how to use the free HelpSME.com payroll calculator. Download it at: http://helpsme.com/tools/free-canadian-payroll-tax-deductions-calculator
Views: 54100 HelpSMEvideo
2012, 2013 Payroll Tax Rates
2012, 2013 Payroll Tax Rates http://www.harborfinancialonline.com
Views: 15609 HarborFinancial
How Amazon Paid $0 Federal Income Tax in 2018
Amazon paid $0 in federal income taxes in 2018. On top of that, the company also received a multi-million dollar tax rebate from the federal government. How does the company do it? President Trump's tax cuts, aggressive revenue reinvestment, years of R&D, and employee stock compensation all helped. Does America have a corporate income tax problem? Amazon is one of the world's most valuable companies, valued at nearly $800 billion, and the e-commerce giant pulled in $232.9 billion in global revenue in 2018. And yet, Amazon's federal tax bill this year: $0. For the second year in a row. In fact, Amazon is actually getting a federal tax refund of $129 million this year, due in part to a combination of tax credits and deductions. This is despite the fact that Amazon nearly doubled its taxable income in 2018 to $11.2 billion, from $5.6 billion a year earlier. In other words, Amazon is basically paying a -1 percent federal income tax rate this year after reportedly paying a federal rate of more than 11 percent between 2011 and 2016, according to The Week. Sen. Bernie Sanders, I-Vt., who has criticized Amazon in the past for not paying higher federal taxes, took to Twitter to point out that any Amazon Prime member paid more for that program's annual fee ($119) than the company paid in federal taxes. Prime has 100 million subscribers. "Amazon pays all the taxes we are required to pay in the U.S. and every country where we operate, including paying $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years," an Amazon spokesperson said in a statement provided to CNBC Make It. Amazon reported its sizable federal refund in a recent corporate filing for the company's fourth-quarter earnings report. However, Amazon also notes in that filing that it will pay $756 million in total taxes this year, between state and international taxes. A report this week from the Institute on Taxation and Economic Policy, or ITEP, a nonpartisan and nonprofit tax policy think tank, pointed out the fact that Amazon will not pay federal taxes for the second year in a row. In fact, last year, Amazon received an even larger refund, getting $137 million from the federal government. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: http://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: http://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #Amazon #Taxes How Amazon Paid $0 Federal Income Tax in 2018
Views: 1905967 CNBC
Federal Unemployment Tax Act Calculation (FUTA)-Payroll Tax Calculations FUTA
Federal unemployment tax or FUTA is a payroll tax that is paid by the employer only. In other words the payroll tax is based on employee wages but is not withheld from employee pay but taken form the employer. Employer only payroll taxes are often less understood because most people have less experience with them as employees. FUTA payroll tax can also be confusing because it has a low cap of $7,000 at this time. In other words the employer pays FUTA tax on the first $7,000 of each employee earning and then stops paying FUTA after the employee has reached the 7,000 cap. The other confusing thing about FUTA is that the rate is tied to Statue Unemployment Tax or SUTA. In other words, the FUTA tax rate is less if the state has SUTA that the employer must pay. Just about every state does have SUTS so companies generally pay the lower FUTA rate. The FUTA tax is a kind of flat tax, or even rate up to the 7,000 cap. For more accounting information see website. http://accountinginstruction.info/courses/
Payroll 2018 in Excel - Calculate Federal Income Tax Withholding
Welcome to 2018 Payroll in Excel - What's happening to my Paycheck edition! The video shows a Semi-Monthly Payer paycheck and withholding formulas. A Weekly Version coming soon. visit http://www.kenbraverman.com/payroll-in-excel-2018-whats-going-on-with-my-paycheck/
Views: 10835 Ken Braverman
omputing payroll taxes Employee taxes When employers pay employees, t
omputing payroll taxes Employee taxes When employers pay employees, they are required to withhold the employees taxes. The rates and limits for these taxes change with new laws. For this problem, assume the withholding amounts include the following: withholding for the old age portion of FICA taxes = 6.2%, up until the employee reaches ,100 of compensation for the calendar year. After that the rate goes to\u00a0\u00a0 zero. withholding for the medicare portion of FICA taxes = 1.45% of all compensation federal income taxes = 10% of compensation (in reality this amount will vary by person depending the W-4 exemptions they claim and the tax bracket for the wage) state income taxes = 0% for this problem At the point of withholding, the amount is a trust fund liability to the federal and state governments. Employer taxes In addition, employers also pay taxes on compensation. Employers (at this time) owe the same amount as employees for both kinds of FICA taxes. The limits are also the same. Further, employers pay taxes for unemployment compensation at the state and federa level. For this problem, assume the following : State unemployment compensation taxes = 1% on the first ,000 of wages for the calendar year Federal unemployment compensation taxes = .8% on the first ,000 of wages for the calendar year Please compute the employee and employer payroll taxes for Otis Company. Record the payroll expense for September. Record the payroll tax liabilities for September. Then record the payment of those taxes at the end of the month. Use Excel forumlas to help you compute amount
Views: 2 er fd
How to Withhold Payroll Taxes
As a small business owner, you must withhold payroll taxes to avoid fines and penalties, but what exactly are these payroll taxes? Watch this video to learn about federal income taxes, employment taxes (Social Security and Medicare) along with state and local payroll taxes. You'll also find current FICA tax rates. For more information, visit: http://www.surepayroll.com/online-payroll/payroll-withholding.asp
Views: 1069 SurePayroll Inc.
Tip: Update State Payroll Taxes within QuickBooks
People often think QuickBooks updates all of the Payroll Taxes automatically. You have to manually change two of the state taxes in California every year! SUI & ETT. Join my Quarterly and Year End Forms Course and learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: QBO: https://canduskampfer.com/YearEndFormsQBO Desktop: https://canduskampfer.com/YearEndTaxForms Need help with QuickBooks, setup an appointment here: https://canduskampfer.com/strategy-session/ Interested in the upcoming Webinars: https://canduskampfer.com/webinar-waiting-list For more tips and Tricks visit: http://CandusKampfer.com Have a great day!!!
Views: 4106 Candus Kampfer
How to pay Payroll Taxes through QuickBooks
Want to learn E-Pay instead: https://canduskampfer.com/epay-to-pay-payroll-taxes-in-quickbooks/ Join my Quarterly and Year End Forms Course and learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: QBO: https://canduskampfer.com/YearEndFormsQBO Desktop: https://canduskampfer.com/YearEndTaxForms Don't miss a tip, Join my Tips & Tricks: https://CandusKampfer.com/tips Candus' Free Mini Course: https://canduskampfer.com/minicourse/ Find out how to Join my QuickBooks Simplified Community: http://quickbookssimplified.com Are you new to QuickBooks or are you struggling to figure out the software? Would you love a course that is step by step vs searching for each answer and trying to figure it all out on your own? I would like to share with you my course called Confidence with QuickBooks. Everyone who has taken the course loves it. For more details visit: http://ConfidenceWithQuickBooks.com If you need help with QuickBooks, set up an appointment here: https://canduskampfer.com/private-sessions-with-candus/ Click here to be notified of upcoming Webinars & Workshops: https://canduskampfer.com/webinar-wai... Learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: https://canduskampfer.com/quarterly-and-year-end-forms-cou Have a great day! Candus :)
Views: 36096 Candus Kampfer
Do you Know How Canadian Tax Works? | Your Money, Your Choices
In today’s episode, I’m going to give you some insights into the world of taxes so that you can make the type of personal financial decisions that help you pay just what you need to and not more. If you have any questions after watching my video, make sure to leave them in the comment section below! Update: There is a calculation error at 1:19. It should be $44,718 with tax of 9,167.19 (at 20.5%) for total taxes of $15,959.19 and an average tax rate of 17.7% (74,040.81 leftover after taxes). ---------------------------------------------------- Visit PWL Capital: https://goo.gl/uPcXg7 Follow PWL Capital on: - Twitter: https://twitter.com/PWL_Capital - Facebook: https://www.facebook.com/PWLCapital - LinkedIN: https://www.linkedin.com/company/pwl-capital Follow Susan Daley on - Twitter: https://twitter.com/_SusanDaley - LinkedIN: https://linkedin.com/in/daleysusan
Views: 60439 Susan Daley
2016 Multistate Payroll Tax Compliance Survey – Nonresident Income Tax Withholding
Tracking employee movement across state and country boundaries presents many challenges to payroll departments and can open employers up to compliance risks. Access this free report (link below) and gain insights on employers’ payroll tax practices related to mobile, domestic and foreign, nonresident employees working temporarily within the U.S. You can access the 2017 webcast slide deck (link below) for more highlights of the 2016 survey. Free Report: https://www.bna.com/2016-multistate-payroll-m57982083947/ 2017 Webcast Slide Deck: http://rsvp.ey.com/CSG3/2015/1503/1503-1425204/GetOnBoard/Multistate%20tax%20compliance-getting%20to%20the%20source%20-%20June%2021,%202017.pdf
Views: 153 Bloomberg BNA
Accounting for Beginners #52 / Payroll / Employer taxes  / Employer FICA match / Accounting 101
https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #52 / Payroll / Employer taxes / Employer FICA match / Accounting 101. We stayed on the topic of Payroll in this video. But we changed hats to think of weekly payroll in the eyes of the employer instead of the employee as we did in the last video. The employer has to mach the employees Social Security and Medicare and give to the Tax man . The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics. #Accounting #Exercise #CPA
Views: 12192 CPA Strength
Social Security Tax Calculation - Payroll Tax Withholdings
Social security tax calculations focusing on the employee side for social security. We will calculate social security in the payroll register. Social security is closer to a flat tax in that we have a fixed rate we multiply time wages. Social security does a cap however, meaning we stop calculating social security taxes after an employee has reached the cap. Social security has an employee and employer portion. For more accounting information see accounting instruction website. http://accountinginstruction.info/courses/
Payroll tax calculations
http://banksconsultancy.com.au [Tidbit of the Day] Today we'll discover payroll tax calculations. Watch the video to find out... ------------ Video Highlights: 0:08 - Tidbit of the day 0:18 - Payroll tax threshold - payroll tax rate of 5.45% 0:29 - Monthly threshold calculation - no. of days/month divided by no. of days/year multiplied by threshold ------------ Watch this video on Youtube: http://www.youtube.com/watch?v=_Vh6ar9ezvo Leave a comment about this video and remember to subscribe to our channel! ------------- Be sure to like us on Facebook as well: http://facebook.com/banksconsultancy
Views: 59 Banks Consultancy
Calculating Payroll Tax - www.TaxTV.com
This video from http://www.TaxTV.com explains how to calculate payroll tax for Federal purposes and in the state of California.
Views: 9193 WatchTaxTV
IRS Penalty Rates for Filing Payroll Taxes Late
https://mcataxprep.com/irsdebtsettlement/ If you filed your 941 late, or a W2 late or even your 940 (FUTA) taxes late, the IRS will penalize you. Just how much? It depends on the amount of days you're late, it also depends on the amount of tax that was due. The good news is that if you have reasonable cause, the IRS may abate your penalty. This video helps you to learn about the penalties amounts as currently construed (January 2019), but always check with the IRS for the latest numbers. You can download our free e-guide "IRS Penalties that Can Bankrupt Your Business" to get a more in depth picture of penalty amounts, reasons for penalties and how you can get penalties abated. Contact us at 201-731-3358 and request your copy today.
Accounting Services Irvine - Irvine CPA Discusses Payroll Taxes
Accounting Services Irvine http://cpa-accountant-irvine.com Let's talk about 2012 pay tax for employers. Each year millions of business owners have to report payroll taxes for their employers. Irvine CPA understands the process can be daunting, especially if you have a large number of employees. Some of the benefits of filing payroll taxes can be very good for your business too. You should be prepared to file taxes for both federal and state taxes, with the exception of certain states such as the state of Nevada. Checking with your local state office to see if state taxes are owed in your particular state. Payroll taxes are the state and federal taxes that you as an employer are required to withhold in/or to pay on behalf of your employees. You are required to withhold state and federal income taxes as well as social security and medicare taxes from your employees' wages. This is to ensure proper filing with the IRS for payroll tax for employers. This information will also vary greatly based on the number of employees you have at your business and how this information is treated. For example, if you're reporting taxes for employees; employees will fill out the W4 form with all his or her information. This will mean that you as the employer are paying toward the taxes on a paycheck basis. If your employees are independent contractors, they will fill out a 1099 form and the employees are responsible for filing their own taxes on this earned income. Here are the fighter an SECA tax rates. All states require employers to pay taxes towards social security and medicare for payroll tax for Employers. Paying towards this type of tax helps employees enhance their social security and medicare benefits in future years. These taxes hold the following deduction rates. Social security tax withholding 6.2% up to the annual maximum and medicare tax withholding 1.45%. FICA stands for federal insurance contributions act. The FICA tax consists of both social security and medicare taxes. Irvine CPA tells us that social security and medicare taxes are paid both by the employees and the employer. Both parties pay half of these taxes. Employees pay half and the employers pay the other half. Together both halves of the FICA tax add up to 15.3%. The 15.3% FICA tax is broken down as follows... Social security: employee pays 6.2% Social security: employer pays 6.2% Medicare: employee pays 1.5% Medicare: employer pays 1.45% Together both halves of the FICA taxes add up to 15.3%. The 15.3% FICA tax is broken down as follows.... The social security the employee pays 6.2%. An employer pays 6.2%. With medicare the employee pays 1.5%. An employer also pays 1.45%. For 2012 the employee portion of social security is anticipated to be reduced to 4.2% instead of 6.2%. It is imperative to revert back to the full tax amount for the coming year, as any reduction in rates can cause penalties to be assessed to your company. You most likely make tax payments quarterly. Tax payments should be assessed by your company and each statement filed and reported to the IRS. Irvine CPA knows that this means as an employer you will be required to file and make federal tax deposits on a regular and timely basis. Complete and file your annual tax unemployment tax return (this is form 940) and file your employer's quarterly payroll return (941). Complete and file your annual tax return of federal withheld income-tax (form 845) Complete and file your wage and tax statement (form W2). In some circumstances, you may need to update employee information and withholdings during the year as well. If filing your payroll tax feels like a daunting task, where you really don't understand what to do, there are some agencies out there to help you get everything in order without having to hire tax attorney or CPA. A majority of these businesses are able to contact and assess your tax standing with the IRS and/or state in which your business resides and file any paperwork accordingly. These types of businesses not only can help you get your payroll tax prepared, they can also help you to determine how to start filing for employees, how to add or remove employees from your taxes. These types of services can help provide significant savings, as well as make sure that you are not assessed any penalties for later incorrect filings. For more information and to schedule a free consultation please visit us at: http://cpa-accountant-irvine.com Share this Irvine Accounting System Video: http://youtu.be/0_DPUixHdsQ http://www.youtube.com/watch?v=0_DPUixHdsQ Accounting Services Irvine
Views: 1867 cpamomsirvine
Medicare Tax Calculation - How to Calculate Medicare Payroll Taxes
Medicare is a type of payroll tax that employers need to calculate when processing payroll Medicare has both an employee and employer portion. In other words, employers will need to deduct Medicare taxes from employee wages when calculating net wages. The rate is currently 1.45% of gross wages. Unlike social security Medicare does not have an upper cap where taxes stop being calculated on wages. The employer will also have to pay 1.45% out of business profits as well. For more accounting information see accounting website. http://accountinginstruction.info/
Rep. James: Congress Needs to Finalize the Payroll Tax Rate
Rep. James Lankford (R-OK) says the conference committee needs to reach a solution to finalize the payroll tax rate and he mentioned Chad Richison, CEO of Paycom, who has said that unpredictably in the tax code is hurting businesses. (February 9, 2012)
Views: 316 RepLankford
Taxes: Crash Course Economics #31
We've been talking about the unavoidables recently. Last time, we covered Death. This time, it's taxes. So, what are taxes? Why do we pay taxes? What is all that tax money used for? This week, Adriene is going to cover all that and more. We'll talk about types of taxes, progressive and regressive taxes, tax brackets, and we'll even get into a few historical scenarios where bad tax policy led to revolutions. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 616420 CrashCourse
Payroll - 2019 U.S. Tax Changes
This goes over U.S payroll and the 2019 tax changes.
End Financial Year Tip 3 - Payroll Tax Tables
Video 3 in the End of Financial Year Tips and Tricks series.
"Dogfucking like 6.8% Payroll Tax Rate, It's Just Not the Same"
January 13th, 2013... We discuss Football hysteria, Fiscal Cliffs and lifestyle under Austerity, the trillion dollar platinum coin solution and state tyranny, Bronchitis, Influenza, antibiotics and the pharmaceutical industry; The [masturbation] Capitol of the United States: Washington D.C., Circumcision, Cunnilingus, Analingus, The political repression of Anarchist grand jury resisters in Washington state, Megachurches ... and a contest you, The New Low listener, can participate in!
Views: 290 TheNewLowNewsShow
Payroll Taxes and Federal Income Taxes Withholding
Recorded with https://www.cam-recorder.com
Views: 60 Allison Padovani
2018 Income Tax Changes For Individuals (2018 Federal Income Tax Rules) (Tax Cuts and Jobs Act 2018)
(Tax Cuts and Jobs Act 2018) 2018 Income Tax Changes for individuals explained! (2018 Federal Income Tax Rules) . VERY DETAILED AND EASY TO FOLLOW.... Learn about Donald Trump's new tax laws. Tax Reform 2018. 2018 Federal Income Tax Rules! Downloadable notes included below. The Tax Cuts and Jobs Act bill brings numerous new changes to the world of taxes. In this video you learn how these changes may impact your personal tax return. You can follow the links here to download the spreadsheet: https://www.dropbox.com/s/7q0595b3kt9jv5t/2018%20tax%20updates.xlsx?dl=0 Video Outline and Time Stamps so you can quickly jump to any topic: • Regarding filing your tax return as of 4/15/18 - 0:52 • References used to create spreadsheet - 1:39 • The actual tax bill - 2:07 • The 2018 Federal Income Tax Bracket Rates - 3:40 • About your payroll withholdings - 4:40 • Changes to the 2018 standard deducatoin - 5:04 • 2018 Personal Exemptions - 5:46 • Child tax credit rules for 2018 - 7:36 • 2018 State and local tax law changes - 8:20 • 2018 Mortgage interest deductions - 10:03 • 2018 Miscellaneous itemized deductions - 12:03 • 2018 Education and 401(K) Rules - 12:47 • Alimony rules for 2019 - 14:06 • 2018 Federal Estate Tax Exemption - 15:42 • Alternative Minimum Tax - 18:59 • Affordable care act tax penalties - 19:32 • 2018 Capital Gains, Charitable Contributions, Moving expenses, etc - 20:26 Check out some of our other videos and playlists here: ♦ Investing in the stock market!: https://goo.gl/yVAoES ♦ Save money, budget, build wealth and improve your financial position at any age: https://goo.gl/E97nJj ♦ Learn more about how federal income taxes work: https://goo.gl/D1hCX1 ♦ Ways to improve your life at any age: https://goo.gl/uq72bu Subscribe for our future weekly videos. New videos typically every Sunday or Wednesday. Do not forget to help out a friend and share this information with them as well. About me: I'm passionate about helping people build wealth by learning more about personal finances, investing and taxes. My mission is to help people improve their financial position career and life. I also enjoy teaching others about the accounting profession, tech tips, and helping people overcome challenges in their everyday life as well as their career. You can find our content on other internet planets such as....... My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/ ***Disclaimer*** All of the information in this video is presented for educational purposes only and should not be taken as financial, tax, or investing advice by any means. I am not a financial adviser. Although I am a CPA I cannot advise someone for tax purposes without knowing their complete tax situation. You should always do your own research before implementing new ideas or strategies. If you are unsure of what to do you should consider consulting with a financial adviser or tax accountant such as an Enrolled Agent, or Certified Public Accountant in the area in which you live. Thanks for taking time to check out this video, and our channel. Have a great day and we will see you in the next video!
Views: 200049 Money and Life TV
"Payroll Taxes" Do You Need Help With A IRS Payroll Tax Problem?
http://www.taxproblem.org/payroll-tax.html Do You Need Help With A IRS Payroll Tax Problem? Contact Joe Mastriano CPA for help or get valuable free information on his website. CALL US AT 713-774-4467 END 1. Tax Relief Scams Exposed - Don't Be Another Victim. Research Before You Hire a Tax Relief Firm. 2. IRS Help Now - Former IRS Agent-A+ Rating | 3. Back Tax Problems Help? | I solve your back tax problems. CPA ex-IRS providing tax relief for you Search Results 1. Payroll tax - Wikipedia, the free encyclopedia In the United States, payroll taxes are assessed by the federal government, all fifty states, the District of Columbia, and numerous cities. ... Withholding tax - Federal Insurance Contributions Act tax 2. Paycheck Calculators | Online Payroll Calculators | Paycheck City Payroll Taxes. Payroll Talk Forum. P. web-based paycheck calculators. subscribe. calculators • standard • salary paycheck • hourly paycheck ... You visited this page. 3. Payroll Taxes | Homepage | Looking for payroll taxes information? Visit Payroll- today for the latest resources on state tax, federal tax, income tax and more. Glossary - State Taxes - Federal tax - Links 4. Payroll Taxes: Basic Information for All Employers Payroll taxes are the responsiblity of every employer. Find essential information on how to report payroll taxes. 5. What Are Payroll Taxes? | -Information about payroll Taxes including FICA, social secuity tax, SUTA taxes, FUTA tax, and medicare taxes. 6. Overview - Payroll Taxes 2011 Publication 15 File Format: PDF/Adobe Acrobat Dec 29, 2010 -- "payroll taxes" (referred to in this publication as "employ- are arranged as follows: 00-0000000. It is used to identify ... 7. FICA & SECA Tax Rates Tax rates for each Social Security trust fund • Maximum taxable earnings. Social Security's Old-Age, Survivors, and Disability Insurance (OASDI) program and ... 8. Payroll Taxes - If you have employees you probably also have payroll tax and reporting obligations such unemployment insurance and income tax withholding. 9. #1 Payroll Provider: And ayroll software products and online payroll services keep track of your federal and state payroll taxes for you! As part of the service, ... delinquent payroll tax, delinquent payroll taxes, federal payroll tax, federal payroll taxes, help unpaid tax return, help unpaid taxes, unpaid tax return, unpaid tax returns
Views: 188 Joe Mastriano
Maintain Tax Tables in Payroll
PowerChurch Plus allows you to maintain the tax tables in Payroll any time there is a change from the government. This tutorial walks through the process of editing your tax tables.
Views: 743 PowerChurchSoftware
Hourly Rate and Overtime Rate
This tutorial was created for the Workplace Math course (MEL3E) in the province of Ontario, Canada. This video introduces the concept of getting paid by an hourly rate and how to calculate overtime pay as well.
Views: 16871 AlRichards314
Free payroll tax, paycheck calculator
Calfulate payroll taxes, deductions, prepare and print paychecks and paystubs for free
Views: 32510 20114087125885
Tax Tip Tuesday Video Blog: Expiration of the Payroll Tax Holiday and 2013 Withholding Tables
Welcome to Tax Tip Tuesday, Ryun Givens and Company's tax video blog by partner Curt Brand. Each week we look at an area of taxation to give you knowledge and help you plan for the future. This week's topic is the expiration of the payroll tax holiday and 2013 withholding tables. If you would like to discuss how this applies to your tax situation, please contact us at [email protected] or call (515-225-3141). More at http://ryungivens.com The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation. IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advise contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
7 Payroll Mistakes to Avoid | Payroll Processing
7 Payroll Mistakes to Avoid http://turnkeydoc.com/accounting/payroll-timekeeping/payroll-processing/ Your business is growing. But learning how to pay employees correctly can be a little overwhelming. What Forms need to be filed or which taxes need to be collected and paid? As you probably know, Payroll involves more than just writing checks to employees. Here are 7 common mistakes to avoid. #1 is Employment Taxes. Miscalculating federal and state taxes or missing payroll tax deposits and filing deadlines can result in large penalties. #2 is improper calculations for overtime payments. Not all states are the same. Some require that Overtime start when an employee reaches 40hrs a week and others when they work more than 8 hours in one day. Check with your state department of labor website to make sure you are calculating payrolll amounts correctly. #3 is Failure to process Garnishments, Levies or Child Support Payments with payroll. This is an important one because failure to properly and timely process the wage garnishment can result in the responsibility of the employer to pay the judgment. #4 has to do with Poor Payroll Record Keeping and Data Collection. Having a clear time keeping system where the employee signs off on their time either electronically or manually can not only help protect you against potential wage claims brought by a disgruntled employee. #5 involves Payroll tax rate changes. Rates change, especially unemployment tax rates. Pay attention to all notices received and be sure to change your calculations accordingly #6 is incorrectly classifying workers as W2 Employees verse 1099 independent contractors when processing payroll. Remember, this is governed by state regulations, not by the company or worker. #7 is tracking paid time off. Estimates say that nearly every worker will take at least three paid time off days that aren't tracked by their employer when payroll is run. This can add up quickly, so tracking hours earned and taken can potentially save you thousands of dollars a year. How can you ensure you stay compliant while processing payroll? Many accountants will recommend using a professional payroll company. We tend to agree. Here’s why. Payroll companies stay on top of federal, state and local tax changes, file your tax payments, track vacation time, calculate OT and even take care of paying garnishments. Whether you decide to process payroll inhouse or with an outside company you will need tools such as time sheets and payroll entry reports. To download these and many more visit us at www.turnkeydoc.com http://youtu.be/0f4l34Iv1X4 http://turnkeydoc.com https://plus.google.com/u/0/b/107057463999675049074/107057463999675049074/about Facebook: https://www.facebook.com/pages/Turn-Key-Doc/298240720333688 Twitter: https://twitter.com/turnkeydoc/ Youtube Channel: https://www.youtube.com/channel/UC8LlHO8tJf-w-BmhdJobdCw
Views: 10420 Turn Key Doc
Employer Payroll Tax Threshold Calculation
A look at employer payroll threshold calculations for FICA Social Security, FUTA and SUTA
Views: 813 Christy Lynch
INCOME TAX FRANCE - THE FRENCH PAYSLIP | French Tax Rates and Social Charges
Want to learn more about Income tax in France and Salaries in France? Analyse my French payslip with me to understand how much French social contributions and French income tax comes out of your French salary! If you understand your French tax rates, you can better calculate the cost of living in France as you understand how much money you will actually get in your bank account every month. Please note this video is more intended for "cadres" or salaried professionals in order to give you a general idea of your potential French income after tax. Video on How to Read a French Payslip: http://www.frenchpayrollexpert.fr/how-to-read-a-french-pay-slip/ Would love to hear your opinion on the income tax in France! And if you have any questions, please don't hesitate to ask down below :) bisous ⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯ WANNA JOIN THE FUN? ❤️ Subscribe to the tribe: https://bit.ly/2y7FCXq 📷See my daily life on Instagram: https://bit.ly/2B42NUD 💎SHOP at Francophile Designs: https://rdbl.co/2qxn6Ce ⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯ ⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯ 📌 VIDEO NOTES 📌 ⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯ FREE STUFF 🎁 25€ AirBnB travel credit: http://bit.ly/2yTkCAH MY FAVOURITES 💖 * Best books to learn French: https://amzn.to/2EC3KWa * Favourite reads on French life/culture: https://amzn.to/2EAiiFw * Youtube gear (camera set up, drone...): https://amzn.to/2P6i4u7 * Travel essentials: https://amzn.to/2OBl6qN ⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯ You can join me, Rosie, for even more adventures on Not Even French! If you are interested in French culture, life in Paris, or tales from a New Zealander (kiwi) living a long way from home, please ❤SUBSCRIBE❤ for new videos released each WEDNESDAY! ✌✌ ⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯
Views: 9567 Not Even French
How to Use Withholding Calculator for Paycheck Checkup
See a demonstration of how to do a paycheck checkup using the IRS Withholding Calculator. To give it a try yourself, go to https://www.irs.gov/withholding #PaycheckCheckup #TaxReform #IRS
Views: 9986 IRSvideos
Breaktru Payroll Software withholding tax calculator - http://payroll.breaktru.com
Payroll Software Ever wonder if your pay check withholding tax is correct? Are the deductions and withholding too much or too little? Payroll© makes it easy to calculate & track your weekly or biweekly pay checks. Enter the hours worked as well as overtime, holiday, sick leave, and other pay categories, then Payroll© applies the withholding tax rates for federal tax, state tax, and city tax or non-city resident based on your exemptions claimed and marital status. Vary your K-plan deduction to see what percentage is right for you. Check medicare, SDI, SUI, Cafeteria Plan and social security payments. A year to date printout shows your week by week earnings. Export to Excel. Prints checks. Prints pay period report. Very simple to use.
Views: 10388 Breaktru Software
Payroll Tax Problem Chicago: Unpaid Payroll Taxes
http://irshelpchicago.com/taxhelp/payroll-tax-problem-chicago-unpaid-payroll-taxes/ If you have unpaid payroll taxes which you've withheld from your employee's paychecks but have not deposited...this serious problem only gets worse when you consider the penalties assessed by the IRS. There is a time sensitive four-tier penalty system for late deposits. These are known as cascading penalties because the later the payment, the bigger the penalty. The penalty rate assessed depends on the number of days a deposit is late starting from the due date of the tax. For instance, a payment that is less than 5 days late will have a 2 percent penalty. More than 15 days and the penalty jumps up to 10 percent. Once the IRS has to ask you for the payment, the penalty jumps to 15 percent. If you are currently behind on your payroll tax payments, we can help. We can make sure your payments are applied in a way that will get you caught up and minimize your penalty. Go To www.IRShelpChicago.com or Call us at at (312) 664-6649 to schedule a free hour-long consultation with our experience tax professionals. http://www.youtube.com/watch?v=vBzLxaFNfDo
Views: 395 Chicago IRS Help
It's 2018 - Have You Filled Out A New W-4 For Payroll Taxes?
Source: https://www.spreaker.com/user/9460626/its-2018-have-you-filled-out-a-new-w-4-f It is 2018 and tax rates have changed for Payroll, fill out a new W-2. Also, other new tax issues.
Views: 256 Michael Lodge
Setting up Payroll/Deductions in Excel
Using Excel to setup Payroll and Other Deductions.
Views: 10344 Shannan Thompson
Guide to Payroll Taxes - TurboTax Tax Tip Video
https://turbotax.intuit.com As an entrepreneur, you probably realize that there are some business expenses you just can't control -- like the payroll taxes you have to pay for yourself and each person you employ. Watch this video to find out more about payroll taxes and how they may affect your business. TurboTax Home: https://turbotax.intuit.com TurboTax Support: https://ttlc.intuit.com/ TurboTax Blog: http://blog.turbotax.intuit.com TurboTax Twitter: https://twitter.com/turbotax TurboTax Facebook: https://www.facebook.com/TurboTax TurboTax Pinterest: https://www.pinterest.com/turbotax/ TurboTax Tumblr: http://turbotax.tumblr.com/
Views: 3229 TurboTax
Short Explanation of the IRS Payroll Tax 2012 -2013
get latest and short Explanation of the IRS Payroll Tax 2012 -2013 from here. http://www.onlinetaxinformation.com/ Here we also provide news about tax deductions, rates and brackets. http://onlinetaxinformation.com/category/tax-refund/ Payroll taxes cost employers plenty. After all, it isn't only the amounts of Social Security, Medicare and federal unemployment taxes to be paid that are involved.
Views: 102 Ashley Thomas