Search results for "Tax Filing"
32 Results Found
-
Tax Filing
https://www.dmpayroll.com/tax-filing/
Meeting compliance for your federal, state and local taxes is quite the challenge. Failure to appropriately file your federal and state tax withholdings may amount to a 15% added penalty, so why take the risk? DM Payroll Solutions will file your taxes on your behalf. We promise accuracy and timeliness to all your filings, while […] Read More
-
Understanding IRS Form 941 – Employer’s Quarterly Federal Tax Return
https://www.dmpayroll.com/blog_articles/understanding-irs-form-941-employers-quarterly-federal-tax-return/
Many businesses are required to report and file tax returns quarterly using IRS Form 941. Form 941, Employer’s Quarterly Federal Tax Return, reports wage withholding to the IRS for income taxes, employees’ shares of Social Security and Medicare taxes and the employer’s share of FICA. The form summarizes the employer’s quarterly payroll tax liabilities and payments, […] Read More
-
Navigating Payroll Tax Changes in 2024: What Employers Should Know
https://www.dmpayroll.com/blog_articles/navigating-payroll-tax-changes-in-2024-what-employers-should-know/
As we step into a new year, employers face a fresh set of challenges. One of them being payroll taxes. With tax laws evolving, staying informed is essential for businesses to comply with regulations, avoid potential pitfalls and make strategic decisions for their businesses. Recent Changes Impacting Payroll Changes on the Horizon Tips to Help […] Read More
-
How to Avoid Payroll Tax Penalties
https://www.dmpayroll.com/blog_articles/how-to-avoid-payroll-tax-penalties/
When thinking about the tax obligations of your organization, the focus is normally on federal and state income taxes. But collecting, reporting and remitting payroll taxes in accordance with federal, state and local laws are equally important. The rules that come with payroll tax payments can be complex and the penalties for not meeting the […] Read More
-
Bill Proposed to Speed Tax Refunds for EITC Recipients
https://www.dmpayroll.com/blog_articles/bill-proposed-to-speed-tax-refunds-for-eitc-recipients/
Recently, a bill was introduced by the House Ways and Means Committee and the Ways and Means Oversight Subcommittee, intending to eliminate tax refund delays for individuals who received the Earned Income Tax Credit (EITC) and filed their taxes early. Often, these delays also impact Child Tax Credits (CTCs) claimed by EITC recipients. DM Payroll […] Read More
-
Michigan Payroll Tax Administration
https://www.dmpayroll.com/michigan-payroll-tax-administration/
Calculating Michigan payroll tax isn’t always simple. When you also consider local and federal compliance laws, companies of all sizes can get overwhelmed. The penalties for failing to comply with these laws are significant, so airing on the side of caution is the safest option for business owners. By choosing a Michigan payroll provider familiar […] Read More
-
Why Employers Should Advise Their Employees to Use the IRS’s Tax Withholding Estimator
https://www.dmpayroll.com/blog_articles/why-employers-should-advise-their-employees-to-use-the-irss-tax-withholding-estimator/
The Internal Revenue Service (IRS) is urging employers to encourage their employees to use its tax withholding estimator when filing their 2020 tax returns. The estimator is an effective tool when it comes to calculating taxes as well as avoiding any future surprises when it comes time for tax season. While there are still months […] Read More
-
Payroll Tax Administration
https://www.dmpayroll.com/payroll-tax-administration/
Calculating payroll tax is no easy task. Factor in local, state and federal compliance laws and it can easily become overwhelming for a company of any size – especially with stiff penalties on the line. Limit your burden to simply submitting your payroll by relying on DM Payroll Solutions to be your payroll partner. We’ll […] Read More
-
8 Considerations for Navigating Year-End Payroll
https://www.dmpayroll.com/blog_articles/8-considerations-for-navigating-year-end-payroll/
As the calendar year draws to a close, business owners and human resource teams find themselves immersed in the complexities of year-end payroll processing. Navigating this crucial aspect of business management requires careful attention to detail, compliance with regulations and strategic planning. Below, we’ll walk you through the key steps and considerations to make your […] Read More
-
Misconceptions of a Mid-Year Switch
https://www.dmpayroll.com/blog_articles/misconceptions-of-a-mid-year-switch/
Are you dissatisfied with your payroll provider, but are worried about the complexities of switching to a new one? Many businesses believe the only time they can change payroll providers is by waiting until the end of the calendar year and running their first payroll in January. The truth is the middle of the year […] Read More