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Tag: FICA

Do nonprofits pay payroll taxes?

Payroll taxes are an employers worst nightmare. Withholding, matching and filing taxes properly can be an administrative burden and costly proposition for all businesses. But, what if your business is a nonprofit organization? Are nonprofits still required to pay payroll taxes? Continue reading for the answer. What is a nonprofit

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How do taxes work for remote employees?

Work from home is here to stay. According to research from Ladders, 25% of workers in North America will be fully remote by the end of 2022. And those figures are projected to increase from there. Business owners often struggle with employee payroll taxes and remote workers increase the compliance

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FICA Tip Credit

What is the FICA Tip Credit?

Understanding payroll taxes can be difficult as there are multiple parts to these taxes. Businesses with tipped workers have it even harder as their employee’s compensation is made up of hourly wages, regular tips, service charges, and more. These types of businesses are allowed to take a tax credit, called

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