An employee put in years of service with your company, or is an exemplary worker, but circumstances now lead to his or her departure. You have agreed to pay the employee severance, but you want him or her to receive the full amount, with no taxes taken out. To...
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New Electronic Social Security Number Verification Service
The Social Security Administration has begun the initial rollout of its new electronic Consent Based Social Security Number (SSN) Verification (eCBSV) service. The agency is rolling out the service to selected participants through 2020, and plans on expanding the...
The 6 Essential Payroll Tax Forms
If you run a business, you need to know about the following forms. Form W-2 Employers must complete a Form W-2 for each employee. Employee wages, taxes withheld and other payroll related information are reported annually on the W-2. However, W-2s aren't filed directly...