Blog Category

Payroll

Social Security and Medicare - Money Matters With Matt logo

April 20, 2017
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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. […]

Social Security and Medicare - Money Matters With Matt logo

March 28, 2017
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How are Payroll Taxes Calculated? – Federal Income Tax Withholding

In my previous blog we looked at the best methods for determining our federal income taxable wages. Now that we know our taxable wages, we’re ready to calculate the federal income tax withholding. Federal Income Tax Withholding is an Estimate The first thing to remember is that federal income tax withholding is an estimate. Its […]

Social Security and Medicare - Money Matters With Matt logo

March 20, 2017
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How are Payroll Taxes Calculated? – Federal Income Taxable Wages

Mark Twain once asked, “What is the difference between a taxidermist and a tax collector?”  His answer, “The taxidermist only takes your skin.” Sometimes, it can feel like we’re slowly being skinned as we see our precious earnings taken away in payroll taxes. How do we know that the amount taken for federal withholding is […]

Zenefits Payroll Software - Now Available

March 1, 2017
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Zenefits Payroll: Now Available in NY, NJ, CT, AZ, and CO

We’re pleased to announce that Zenefits Payroll software is now available to businesses in New York, New Jersey, Connecticut, Arizona, and Colorado. Our payroll service – which is also available in California, Texas, Florida, and Washington – connects to your HR, benefits, time off, and hours worked, making it dramatically simpler to keep payroll up-to-date. […]

Employee Leave of Absence (LOA)

February 17, 2017
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Everything You Need to Know About Employee Leave

Employee leave of absence (LOA) is always a timely topic for human resources (HR) professionals. It’s one of those topics that can be addressed with the help of payroll software, but it also requires an understanding of the legal requirements. Keeping track of all these types of leaves, as well as knowing what is required of you, […]

Social Security and Medicare - Money Matters With Matt logo

February 8, 2017
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W-2 Email Scam Continues to Affect Businesses

Businesses’ HR and payroll departments are the targets of a W-2 email scam, according to the Internal Revenue Service (IRS).    The IRS reissued a warning about a W-2 email scam that is targeting payroll and human resources (HR) departments. It’s critical that payroll and HR officials double-check all unusual and executive-level requests for lists […]