Indirect tax is a type of tax that is levied on most consumable goods and services. Read this article and learn how indirect taxes work in detail!
A tax code is a set of rules and regulations implemented to provide structure for how taxpayers file, pay, and complete their tax obligations.
A sales invoice is an essential document that sellers send to customers to request payment for goods purchased or services rendered.
What are some tax write-off examples? Read this article to learn about these expenses deducted from a company’s annual taxable income.
FICA tax is mandatorily paid by employers, employees, and self-employed individuals to help fund Social Security and Medicare programs.
Medicare tax is a payroll tax imposed on employees, employers, and self-employed individuals to fund the US Medicare health system.
A tax extension provides an extended timeframe for you to file your taxes. Read this article and learn the requirements for filing a tax extension!
Find out all about self-employment tax, a type of tax that freelancers, contractors, and various businesses pay with their net federal income.
Bill vs. invoice—can you tell the difference? Read this blog to expand your knowledge and learn how to distinguish an invoice from a bill.
What is a vendor? A vendor sells a variety of goods and services to customers, fellow vendors, and even businesses and profits from it.
Tax accountant vs. CPA—roles that every business needs. Read our easy-to-follow article and learn about the key differences between the two!
Read this easy-to-follow article to learn more about bonus tax rates, which are awarded to employees, and how they are deducted!
Tax brackets are composed of different taxable income ranges, each with corresponding tax rates. Learn how to calculate them in 2023.
Invoice payment terms are a set of agreements between a buyer and seller that detail conditions specific to goods or service transactions.
A journal payroll entry records a business’s transactions, liabilities, and expenses. Learn the correct way to create a journal payroll entry here!
Child Tax Credit is a type of payout designed to assist in regulating child-related expenses for families with 17-year-old or younger children.
Fake pay stubs contain false and inconsistent employment information. Read this article and learn how to detect them and stay protected.
Read this article and learn how to qualify for a tax refund, a reimbursement given to taxpayers who have overpaid their income taxes.
Withholding tax is the practice of paying taxes as income is received. Read our article and get all the information you need on this important tax!
Payroll taxes are Social Security, Medicare, and FICA taxes imposed on payrolls with employee paychecks and self-employed earnings.
An I-9 form is used to verify an employee’s authorization to work in the US. Read this article to learn how to properly file and complete it!
Read this easy-to-follow article and learn about the scope and requirements of filing freelance tax as a self-employed contractor.
What are the key differences between sales tax and VAT? Learn all about their benefits and disadvantages, and find out how they're collected!
Read this easy-to-follow article and learn more about tax inclusive, including how it is calculated and how it differs from tax exclusive.
Certified payroll is a must for contractors hired by federal agencies. It is a form of compliance with key labor practices and regulations.
Learn and discover the definition of gross payroll, how it differs from net payroll, and how to calculate gross payroll across different pay cycles.
What is a payroll liability? Learn the different types of payroll liabilities, how to pay for them, and why it is crucial to track this payroll obligation.
Payroll burden encompasses all payments or costs covered by employers. Learn how to calculate your payroll burden percentage here.
Read this article to learn more about retainer invoices, how to create them with an online generator and keep your business running smoothly.
Read this easy-to-follow article and learn the significance of payroll analysis in employee retention, talent acquisition, and business growth!