Thursday, February 9, 2012

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Payroll Tax

Special Payroll Tax Exemption Form Now Available

by taxnick on April 7, 2010

WASHINGTON — The Internal Revenue Service today released a new form that will help employers claim the special payroll tax exemption that applies to many newly-hired workers during 2010, created by the Hiring Incentives to Restore Employment (HIRE) Act signed by President Obama on March 18.
New Form W-11, Hiring Incentives to Restore Employment (HIRE) Act [...]

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Lawsuit asks court to declare MTA payroll tax unconstitutional

by taxnick on February 8, 2010

The owner of a small transportation company on Long Island is arguing that it is not only unfair he has to pay a payroll tax that benefits a competitor of his — the Metropolitan Transportation Authority — but that its adoption was unconstitutional.
William Schoolman, president of Hampton Luxury Liner and Classic Coach, a luxury coach [...]

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Payroll Taxes

by taxnick on October 6, 2008

Payroll taxes are the state and federal taxes that you, as an employer, are required to withhold and/or to pay on behalf of your employees. You are required to withhold state and federal income taxes as well as social security and Medicare taxes from your employees’ wages. You are also required to pay a matching [...]

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