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Money Matters With Matt

Newly Passed Tax Overhaul: Impacts Payroll and Your Paycheck

January 8, 2018

Hiring an independent contractor: what forms do I need?

In my last blog post, I wrote about the important first step of determining a worker’s status. Once you’ve hired an independent contractor, there are some important considerations to ensure your payroll processes are up-to-date. Here are some important independent contractor forms that businesses should have on file:  Form W-9 Form W-9, the Request for Taxpayer […]

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Newly Passed Tax Overhaul: Impacts Payroll and Your Paycheck

December 19, 2017

Finish Your Payroll on a High Note

No matter if you reflect on 2017 with fondness or are happy to have the past 12 months in your rearview, it’s safe to say that finishing the year on a high note is a shared goal amongst teams. From a payroll perspective, a big step in the annual wrap-up process is to make sure […]

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Newly Passed Tax Overhaul: Impacts Payroll and Your Paycheck

November 20, 2017

LLC, C Corp or S Corp? How to Decide the Best Business Structure for You

There are so many exciting things that come with starting a business. While it can seem overwhelming at first, there’s a lot of joy to be had in bringing your hard work to life. As I wrote about previously, one of the first steps in getting a business off of the ground is to obtain an […]

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September 7, 2017

Alleviating Year End Payroll Stress with the Special Accounting Rule

Use the Special Accounting Rule to relieve future Year End Stress As we find ourselves rounding the curve into the latter half of 2017, it’s the ideal time to start forecasting for the many to-dos that come with the quickly approaching year’s end. While the final calendar months are laden with fun, it also comes […]

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May 11, 2017

How are Payroll Taxes Calculated? – State Income Taxes

Previously, we reviewed how federal income taxes were calculated. State income taxes, with a few exceptions, are calculated very similarly to federal income taxes. But there are some states that have no state income tax at all. Which States Don’t Have State Income Tax? There are nine states where you will not see state income […]

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April 20, 2017

How are Payroll Taxes Calculated? – Social Security and Medicare

In my previous blogs, we discussed how to calculate federal income tax. Some other big amounts that come out of our paychecks are for Social Security and Medicare taxes. How are Social Security taxes calculated in payroll? What wages are taxed for Social Security and Medicare? Social Security and Medicare taxes go hand in hand. […]

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