FICA »
Tip Wages Subject to Employment Taxes Receive Clarification by IRS
The Internal Revenue Service issued Revenue Ruling 2012-18 answering a number of questions regarding tip income and employment taxes. Employers must pay Federal Insurance Contributions Act (FICA) taxes that includes social security and Medicare
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8th Circuit Upholds Recharacterization of CPA’s S Corporation Compensation
The 8th Circuit affirmed the district courts finding that a portion of the profits received by an S Corporation shareholder was payment for services in David E. Watson, P.C. v. U.S. David E. Watson
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Paying Payroll Tax
Top Takeaways 1: Payment requirements of Employment Taxes Varies Employees pay Social Security, Medicare, Federal withholding, State withholding, and State disability in the state of California. Employers are also responsible for paying Social Security,
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Filing Payroll Tax
Top Takeaways 1: Quarterly Employment Tax Payments are due 4 times a year Quarterlies are required to be filed four times a year at the end of each calendar quarter. In the state of
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