tax

Schedule C and Other Small Business Taxes

September 22, 2023

The Internal Revenue Service (IRS) website offers several resources to assist new and small business owners with information needed to understand and meet federal tax obligations. Tutorials are available on-line and are conveniently labeled for easy accessibility anytime. Completing a…

Tax Resources for New Business Owners

August 15, 2023

Southland Data Processing

Payroll

Payroll, tax

The Internal Revenue Service (IRS) website offers several resources to assist new business owners with information needed to understand and meet federal tax obligations. Tutorials are available on-line and are conveniently labeled for easy accessibility anytime. Lessons include: Federal Taxes…

IRS Business Online Learning & Education

July 28, 2023

Southland Data Processing

IRS, Payroll

business, IRS, tax

The Internal Revenue Service (IRS) offers businesses a variety of resources to help support education, compliance, and information sharing. By utilizing the IRS Tax Information For Businesses website, businesses can access resources that can simplify tax-related issues and processes. Plus,…

Paying Independent Contractors

June 26, 2023

Southland Data Processing

Business

tax

Businesses have an obligation to report payments to independent contractors. The reporting requirements can vary depending on where the business is located. In the United States, Form 1099-NEC must be filed for each person who is not an employee and…

Resources for Understanding Employment Taxes

April 17, 2023

Southland Data Processing

IRS, Payroll

Payroll, tax

Employers must deposit and report employment taxes. This includes reporting wages, tips and other compensation paid to each employee as well as furnishing copies of Form W-2 to each employee so that they can accurately report their earned wages. The…

FUTA Tax Credit Reduction

December 16, 2022

Southland Data Processing

Business

tax

Plan For Additional Tax Payments in January 2023 if you have employees in the following states: *The additional cost per employee listed above is based on the FUTA wage limit of $7,000. If an employee earned less than $7,000…

Quarterly Payroll Reminder – 2Q 2022

May 23, 2022

Southland Data Processing

Payroll, Payroll Updates

Payroll, tax

Reminder: Quarter-End Payroll Reminders Q2-22As you prepare to process your last payroll of the quarter, don’t forget to submit any quarter-end adjustments to Southland Data Processing by June 28, 2022. After June 28, 2022, corrections cannot be processed until all…

Employees stunned by smaller than expected refunds or even worse…they owe! What do I do?

March 24, 2022

Southland Data Processing

Human Resources

HR, tax

Many employers are dealing with employees questioning the amount (or lack thereof) of their tax refund this year. Here’s what you should do when approached with questions from employees about their tax withholding: Review the employee’s tax set up The…

Update: Form 941 Changes

July 10, 2020

Southland Data Processing

Regulatory Compliance

compliance, money, Payroll, tax

By now, we’re all pretty familiar with the Families First Coronavirus Response Act (FFCRA). The FFCRA requires employers to provide paid sick leave and paid family and medical leave for their employees under certain conditions related to COVID-19. The act…

CARES Act Deferral of Employer Social Security Taxes

June 23, 2020

Southland Data Processing

Regulatory Compliance

compliance, money, Payroll, tax

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer’s share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes. As we near the…

tax

Schedule C and Other Small Business Taxes

Tax Resources for New Business Owners

IRS Business Online Learning & Education

Paying Independent Contractors

Resources for Understanding Employment Taxes

FUTA Tax Credit Reduction

Quarterly Payroll Reminder – 2Q 2022

Employees stunned by smaller than expected refunds or even worse…they owe! What do I do?

Update: Form 941 Changes

CARES Act Deferral of Employer Social Security Taxes

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