Even though payroll taxes are paid by both employers and employees, there’s one major difference. Payroll taxes paid by employees affect employees’ net pay, but payroll taxes paid by employers don’t. Taxes that employees pay are subtracted out of an employee’s gross pay, which lowers the net pay for that paycheck. However, payroll taxes paid by the employers do not affect […]
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Important Tax Dates for Small Businesses [2021]
This was definitely an interesting year for taxes. We saw everything from tax extensions and exemptions, to small business loans and stimulus checks. However, this effort to help people and small businesses through the pandemic has brought implications for filing taxes this year. Here we take a look at the important tax dates for small […]