Below are federal payroll tax rates and benefits contribution limits for 2023. Social Security tax In 2023, the Social Security tax rate

Are you working on this year’s tax return or planning for the future? Either way, you should know the rules on business travel tax deductions.

The IRS has announced that businesses can now file Form 1099 series information returns using a new online portal, available free from the IRS. Known

While an income statement can present a true picture of the operating results of your business, understanding what is happening with your cash flow

S corporations allow the business to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes.

The IRS has issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business,

There’s been buzz about new retirement plan provisions for weeks, and now they’re final, bringing about changes to various federal rules

Bonuses, frequently given at the end of the year, are a popular “thank you” for a job well done, and smart business owners know they can

Hiring staff? Good for you! It means your business is thriving. Now is the time to get up to speed or reacquaint yourself with any labor laws

You can generally deduct the amount you pay your employees for the services they perform. The pay may be in cash, property or services. It may