Payroll accounting is the specific accounting discipline concerned with calculating and disbursing compensation for company employees. Small business owners can find themselves responsible for a wide ...

Payroll accounting includes paying employee wages, maintaining payroll records for each employee, paying and filing payroll taxes and complying with federal and state payroll laws. An employee's gross ...

Employers routinely withhold income and employment taxes from their employees' pay and then deposit the withheld taxes on behalf of their employees. If they fail to do so, a "responsible person" at ...

President Trump issued a presidential memorandum on Aug. 8, 2020, directing the Secretary of the Treasury to permit employers to defer the employee portion of Social Security taxes between Sept. 1 and ...

Payroll taxes are deducted from an employee’s paycheck specifically for Social Security, Medicare, and unemployment. Confusion about FICA vs FUTA arises because both are similarly named types of ...

Tracking your company’s spending is essential for maintaining accurate financial records. One financial accounting method businesses use is the payroll journal entry. Payroll journal entries record ...

Construction payroll compliance may seem like a daunting task. Complexities such as prevailing wage work, outsourcing and ...

Congress passed programs to provide financial assistance to companies during the COVID-19 pandemic, including the employee retention credit (ERC). The ERC provides eligible employers with credits per ...

Paying employees accurately and promptly is one of the most critical—and challenging—parts of running a small business. We ...

One of those executive measures, called the "Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster," includes a directive to suspend certain payroll taxes for ...

DK/RK Services has announced specialized bookkeeping consultancy services to help Denver businesses navigate Colorado’s ...