Anyone who runs a business and hires employees takes on new responsibilities for managing their staff. For example, they must run payroll, file payroll taxes and submit several payroll forms, ...

Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the employer portion of payroll taxes, not the employee portion, are deductible for the business.

EOBOC Payroll Form Use of the EOBOC Payroll Form All Payroll activities should be completed by the EOBOC and facilitated by completing the EOBOC Payroll Form. The only exceptions are: Hiring a ...

March 31, 2023, marks the end of the first quarter of the 2023 tax year. This means that the majority of employers will be required to file their quarterly payroll Form 941 with the IRS.

On Thursday, the IRS released a revised Form 941, Employer’s Quarterly Federal Tax Return, to reflect the extended payroll tax cut. The act extends the 4.2% rate for the employee portion of Social ...

The Internal Revenue Service has released a new form to help employers claim the special payroll tax exemption for newly hired workers under the HIRE Act. Form W-11, Hiring Incentives to Restore ...

The Internal Revenue Service has posted a form on its Web site that employers can use to claim a payroll tax exemption for hiring new employees under the recently passed HIRE Act. Form 941, Employer s ...

On May 18, the IRS posted a new version of Form 941, Employer’s QUARTERLY Federal Tax Return, and its instructions for claiming the special payroll tax exemption that applies to new workers hired in ...