The Big Idea Host Elizabeth Gore welcomes H&R Block Small Business Director John Towle to break down payroll taxes for business owners. Towle explains the three main federal payroll tax buckets, who ...

For most people, the Social Security payroll tax is just a 6.2% deduction on their paycheck. Few know where the money goes, how it's calculated, or why rules differ based on income, job type, or ...

Successful businesses must stay on top of their accounting. Learn how to use payroll journal entries to track wages and other financial data.

Payroll and HR go beyond just issuing paychecks. As an employer, you need to track hours, calculate deductions, file taxes, stay compliant with changing regulations and keep detailed records. Many ...

“Payroll taxes are considered trust fund taxes, which means the IRS treats late or missing payments extremely seriously,” said a spokesperson for Clear Start Tax. “Employers who fall behind can face ...