Tax Resources for Accountants and Small Businesses (U.S.)
The minimum wage in New York State is $7.25/Hour, with few exceptions. Employers must post a Minimum Wage Information poster in their place of work. Minimum Wage Poster Farm Minimum Wage Poster Hospitality Industry...
Instructions for Completing Form I-9 (Employment Eligibility Verification Form) You must complete Form I-9 each time you hire any person to perform labor or services in the United States in return for wages or...
2020 Allowable Living Expenses Transportation Standards The transportation standards for taxpayers with a vehicle consist of two parts: nationwide figures for monthly loan or lease payments referred to as ownership costs, and additional amounts...
IRS Publication 946 What’s New for 2020 Section 179 deduction dollar limits. For tax years beginning in 2020, the maximum section 179 expense deduction is $1,040,000 ($1,075,000 for qualified enterprise zone property). This limit...
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Failure to register a business is punishable by a fine of not more than $300.00 each month that a business is not registered. Effective July 1, 2018, all businesses in the City of Boston...
How to Calculate Break Even Point? Break Even Formula: Fixed Costs / (Selling Price per Unit – Variable Cost per Unit) = Break Even Point in Units Definition: Break-even point (BEP) is...
Tax departments and their webistes by state. State Tax Department Website Alaska Department of Revenue Tax Division Website Alaska Department of Revenue Department of Revenue Alabama Department of Revenue Department of Revenue Arkansas Department...
2019 California Tax Table Find Your Tax: Read down the column labeled “If Your Taxable Income Is …” to find the range that includes your taxable income from Form 540, line 19. Read across...
ERISA is Employee Retirement Income Security Act of 1974. ERISA is a federal law that sets minimum standards for pension plans in private industry. For example, if an employer maintains a pension plan, ERISA...
The federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a...
AccuWage Online is a free internet application offered by the Social Security Administration (SSA) that enables you to check EFW2 (W-2 Wage and Tax Statement) and EFW2C (W-2C Corrected Wage and Tax Statement) formatted...
Definition of small business Small business size regulations Size standards tool Size standards that define small business How size standards are determined Size protest and NAICS code appeals Small business size standards matched to...
Alaska – The State of Alaska does not have an individual income tax, therefore no employee withholding for state income tax is required. Florida – no personal income tax Nevada – has no individual...
The tax rate for sales tax and for use tax is the same. The Texas state sales and use tax is 6.25 percent, but local taxing jurisdictions (cities, counties, special purpose districts and transit...
Small and midsize employers can soon begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees....
The Treasury Department and the IRS are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 outbreak. The 2019 income tax filing and payment deadlines for all...
A W-9 form is an IRS form used by a company to request your Taxpayer Identification Number (TIN) and certification. The TIN and Legal Name provided during the registration process must match the W-9...
Employee’s Withholding Certificate Form W-4 (PDF) FAQs on the Form W-4 Give Form W-4 to your employer. Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay....
For the period of Oct. 1, 2019 – Dec. 31, 2020, the single local tax rate will be 1.75 percent. Going forward, the Comptroller will compute the single local tax rate and publish it...