Payroll Taxes Archives - Patriot Software Fri, 04 Aug 2023 15:38:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 https://www.patriotsoftware.com/wp-content/uploads/2020/01/cropped-site-favicon-32x32.png Payroll Taxes Archives - Patriot Software 32 32 What to Know About Form CP-575 [IRS EIN Notice] https://www.patriotsoftware.com/blog/payroll/form-cp-575-ein-notice/ Wed, 02 Aug 2023 17:46:00 +0000 https://www.patriotsoftware.com/?p=64637 Most businesses need—or will at some point need—an Employer Identification Number (EIN). You include your EIN on documents like Form W-2 and business tax returns. To get an EIN, you must apply with the IRS. In response, the IRS will send you an EIN confirmation notice called Form CP-575. The IRS will only ever send […]]]> Get the Scoop on the Washington Cares Fund https://www.patriotsoftware.com/blog/payroll/washington-cares-fund/ Wed, 21 Jun 2023 14:33:00 +0000 https://www.patriotsoftware.com/?p=53399 If you’re an employer with employees in Washington, listen up. Starting in 2023, you need to make an additional deduction from Washington workers’ paychecks for the Washington Cares Fund. But, what is the Washington Cares Fund, and how much do you have to deduct and remit? Get all of the answers about the new program […]]]> West Virginia Income Tax Rates: Here’s What Changed for WV Withholding in 2023 https://www.patriotsoftware.com/blog/payroll/west-virginia-income-tax/ Tue, 11 Apr 2023 13:08:00 +0000 https://www.patriotsoftware.com/?p=61973 Are you an employer in West Virginia? If so, you might have heard about House Bill 2526, a 2023 law that significantly cut individual income tax rates. As a result, your West Virginia income tax withholding might look a little different. In this article, we’ll go over: What compensation is subject to withholding? Employers are […]]]> How to Fill Out Form 944: Step-by-step Guide  https://www.patriotsoftware.com/blog/payroll/how-to-fill-out-form-944/ Wed, 15 Mar 2023 14:57:36 +0000 https://www.patriotsoftware.com/?p=62034 All employers are responsible for reporting employee wage and tax information to the IRS. Many employers use Form 941 to report this information each quarter. But, some eligible small business owners use Form 944 to report wages and taxes annually instead. Are you one of them? If so, you need to learn how to fill […]]]> IRS Notice 2023-13 and SITCA: What Service Industry Employers Need to Know  https://www.patriotsoftware.com/blog/payroll/sitca-service-industry-tip-compliance-agreement/ Tue, 07 Mar 2023 18:55:28 +0000 https://www.patriotsoftware.com/?p=61948 Have you heard about the Service Industry Tip Compliance Agreement program, otherwise known as SITCA? On February 6, the IRS released a proposed revenue procedure—Notice 2023-13—establishing SITCA. Learn what it is and why it matters to service industry employers.  Background: Tip reporting If you’re an employer in the service industry, you likely have tipped employees, […]]]> How to Fill Out Form 941 (2023): Your Step-by-step Guide On the Form https://www.patriotsoftware.com/blog/payroll/how-to-fill-out-form-941/ Wed, 01 Mar 2023 21:30:16 +0000 https://pslohio.wpengine.com/uncategorized/how-to-fill-out-form-941/ If you have employees, you likely need to fill out and file Form 941 each quarter. Form 941 is jam-packed with different sections and calculations, which leaves room for errors. To avoid major mistakes, learn how to fill out Form 941 line by line. What is Form 941? IRS Form 941, Employer’s Quarterly Federal Tax […]]]> Employee Withholding by State [+ Links to Employer Forms] https://www.patriotsoftware.com/blog/payroll/employee-withholding-by-state/ Wed, 15 Feb 2023 19:07:00 +0000 https://www.patriotsoftware.com/?p=61553 As an employer, you have a million and one tasks to take care of. One of these oh-so-important responsibilities is withholding payroll taxes from employee wages. And, your job doesn’t stop there. You also need to fill out and remit certain withholding forms to your state. Get to know all about employee withholding by state. […]]]> New Jersey Paid Family Leave (+Q&A) https://www.patriotsoftware.com/blog/payroll/new-jersey-paid-family-leave-qa/ Mon, 13 Feb 2023 14:40:14 +0000 https://www.patriotsoftware.com/?p=61488 New Jersey started its paid family leave plan in 2009 with the New Jersey Family Leave Act. New Jersey paid family leave (PFL) made NJ the second state (after California) to pass a PFL policy. If you’re a New Jersey employer, you need to know about your responsibilities.  Q&A for New Jersey paid family leave […]]]> Claiming Employee Retention Credit Retroactively: Extended Deadline and More Details https://www.patriotsoftware.com/blog/payroll/claiming-employee-retention-credit-retroactively/ Wed, 08 Feb 2023 18:10:55 +0000 https://www.patriotsoftware.com/?p=61386 Think it’s too late to take advantage of the Employee Retention Credit? Think again. Employers now have until 2024 (and in some cases, 2025) to claim the credit retroactively. So, how do you know if you qualify for the credit? And, what are the steps for claiming Employee Retention Credit retroactively? Keep reading to find […]]]> What You Need to Know About California Paid Family Leave [+ FAQs] https://www.patriotsoftware.com/blog/payroll/california-paid-family-leave/ Mon, 16 Jan 2023 14:34:35 +0000 https://www.patriotsoftware.com/?p=60991 California was the first state to create a paid family leave (PFL) program in 2002 (benefits became available in 2004). Since then, 11 other states have created paid family leave programs (plus Washington D.C.). If you’re an employer in California, you must withhold PFL contributions from employees’ wages while running payroll. Read on to learn […]]]>