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How To Fill Out Form W-4

US Business Law / Taxes: Most Popular Articles

These articles are the most popular over the last month.
Social Security Maximum - Updated for 2015
Describes the Social Security tax for employees and employers, including the annual maximum social security tax and how the maximum social security tax is determined.
Should Your Employees Be Salaried or Hourly?
Salary vs. Hourly pay for employees. How to calculate salary and hourly rates. Overtime exemption.
Disregarded Entity - Clearing up the Confusion
Definition of a disregarded entity as a business entity which elects not to be separate from its owner for tax purposes.
What Kind of Partnership Do You Want to Start?
Partnership Types: Limited Partnership, Limited Liability Partnership, General Partnership and Limited Liability Company
What Happens If I Don't Pay Employees?
Attorney Michael Helfand discusses the legal obligation of employers to pay employees, and what happens if employees are not paid.
3 Ways to Identify Yourself to the IRS
Difference between a tax ID number, EIN, and ITIN
Before You Shake Hands with Your First New Hire...
This article lists the forms you must have a new employee complete, including the W-4 form, state income tax withholding form, I-9 form, and a job application form.
How Depreciation Affects Business Taxes
What is depreciation, how is depreciation calculated, and how depreciation affects business taxes. Includes bonus depreciation and Section 179 deductions.
Form 941 for Payroll Taxes - Due Dates -...
Form 941 is the quarterly tax return for payroll taxes. Due dates, how to complete, and current changes.
What's the Corporate Tax Rate in America?
A chart showing the corporate tax rates - the federal income tax rate charged to corporations, based on level of income reported on corporate income tax Form 1120.
How to Calculate Withholding Amounts for...
How to calculate federal income tax (FIT) withholding from employee paychecks.
How to Calculate Gross Pay for All of Your...
How to calculate gross pay for hourly and salaried employees, including overtime calculation.
How is Gross Pay Calculated?
Gross Pay. US Business Law / Taxes.
What's the difference between tax avoidance and...
The difference between tax evasion and tax avoidance
What's a Capital Contribution? How Does a...
A capital contribution is money a business owner contributes to a business. How a capital contribution works and why it's different from an owner loan.
Filing Form 941 - With and Without a Payment
Form 941 - Employers Quarterly Tax Return - must be filed quarterly. Where to file Form 941 depends on whether or not you are making a payment.
What business type is best for my company?
Discusses different types of business entities and which is best for different kinds of businesses
Note These Filing Deadlines for 2014 Business...
Here is a list of the federal income tax return due dates for sole proprietorships, LLCs, partnerships, corporations and s corporations.
When Does the Fiscal Year End?
How to determine the date for your company's fiscal year end.
What Does an Indemnity Agreement Look Like?
Indemnity agreements - what they are, how they work, where are they found in contracts and insurance contexts.
Own a Business? Here's How to Pay Yourself
How business owners are paid. Business owners don't take a salary but are paid from profits. How corporation business owners are paid.
9 Resources for Hiring Independent Contractors
If you are considering hiring an independent contractor, here are some tax considerations and employment agreements you should should know about.
How Do I Calculate Estimated Taxes?
Ways to calculate estimated taxes for a self-employed business owner filing business taxes using Schedule C and previous tax years.
I Didn't Get Paid! What Can I Do?
How to deal with non-payment by employer and make sure you get paid for your services, either as an employee or as an independent contractor. You will need proofs, or a contract. Sometimes you will have to take the party to court to get paid.
What Makes a Good Contract or Agreement?
What you need to know about business contracts and agreements, including the difference between a contract and an agreement, how to read a contract, which types of contracts must be in writing, essential elements of a contract, and what makes a contract valid.
Calculating Cost of Goods Sold - Step by Step
This article takes you through the process of determining cost of goods sold for your business tax return. Knowing the cost of the goods you sell allows you to take a larger tax deduction
Want to Get Paid? You'll Need One of These.
Describes an invoice. US Business Law / Taxes.
How to Apply for an Employer Identification...
Here are the steps for completing the Form SS-4 to get a Tax ID Number for a new business.
Who Must Be Paid Overtime and When - Federal...
Overtime/Overtime Pay. US Business Law / Taxes.
Why You Shouldn't Pay Employees in Cash
Paying employees and independent contractors in cash doesn't mean evading payroll taxes. Some issues to consider for paying in cash, and how the IRS looks at cash payments.
Thinking About Employee Gifts or Bonuses? Read...
Business gifts have tax implications. For example, gifts to employees may be taxable to the employee and may be deductible to the business. Gifts to customers and business partners and associates may also be taxable, and you may not be able to take a tax deduction.
Fiduciary - Fiduciary Responsibility
A fiduciary responsibility and the person who is a fiduciary
4 Types of Pay Periods Defined
Pay Period. US Business Law / Taxes.
How a Business Partnership Works
A Partnership is a legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners.
LLC Member Capital Contributions
About LLC member capital contributions, including requirements for initial contributions, how the operating agreement works with member contributions, how contributions are disbursed, and member loans vs. contributions.
Travel for Business? How to Calculate Business...
Here is a brief overview of how to calculate mileage expense for business.
3 Tools for Calculating Paycheck Deductions
Employee paychecks start out as gross pay, but then you must deduct amounts for federal income tax, FICA tax, state and local tax, and other deductions.
The Simple Way to Calculate FICA Tax Withholding
How to calculate the deduction for FICA taxes from employee paychecks.
Form I-9 for employment verification -...
I-9 Form - I-9 Immigration Form. US Business Law / Taxes.
What Is Litigation? What Does It Mean to...
Litigation definition. US Business Law / Taxes.
How to Pay State Sales Taxes in 8 Steps
How to collect state sales taxes from customers, file state sales tax returns, and pay sales taxes you have collected
What is an Independent Contractor?
Independent Contractor. US Business Law / Taxes.
3 Things Included in Cost of Goods Sold
Cost of goods sold is a calculation businesses use to determine cost of sales for products produced and sold by the company. Cost of goods sold involves inventory, LIFO and FIFO costing, and more.
Sole Proprietor? Or Independent Contractor?...
Difference between a sole proprietor and an independent contractor. They are essentially the same: A sole proprietor files income taxes on Schedule C. An independent contractor receives income on a Form 1099-MISC. Income from a 1099 can be included in a Schedule C.
How (and Why) to Use a Purchase Order
Defines a purchase order and describes the parts of this order.
Want a Business Loan? First, Check the 4 C's of...
Describes the four C's of credit - character - capacity - collateral - capital - and how to use credit to get a business loan.
LLC or Corporation: What's the Right Choice?
Should you choose an LLC or corporation for your business? A discussion of features of limited liability company (LLC) and corporation - differences and similarities.
2 Reasons to Call Your Company a Disregarded...
Describes what business types are considered disregarded entities.
When is Form 941 Due?
When to file Form 941, the federal quarterly payroll tax return. If you make timely deposits in full payment, you have more time to file.
What Makes an LLC Different?
Limited Liability Company LLC. US Business Law / Taxes.
Want to Deduct Your Business Mileage? You'll...
IRS Standard Mileage Rates for each year from 2009 to the current year.
What is the Principal of Your Loan?
Principal on a loan. US Business Law / Taxes.
How is Tax Nexus Determined?
Describes the term. US Business Law / Taxes.
Is Arbitration Better than Litigation?
Describes the arbitration process vs. the litigation process, with points of differences and similarities.
The Employer's Guide to FICA Taxes
FICA taxes explained. US Business Law / Taxes.
How to Prepare 1099-MISC Forms - Step-by-Step
Describes the information you need and the process of completing the 1099-MISC form for non-employee workers.
The Difference Between Capital and Operating...
Capital expenses US Business Law / Taxes.
What is an Affiliate in the Business World?
The term affiliate has two general definitions in business contexts - in corporate law and taxes, and in online retailing.
4 Things Explained by Cost of Goods Sold
Cost of Goods Sold. US Business Law / Taxes.
What is OSHA? How Does It Affect My Business?
Occupational Safety and Health Act (OSHA) regulations, including hazardous substances, blood-borne pathogens, and emergencies, and employee training.
How to Create a Sources and Uses of Funds...
Describes how to prepare a simple sources and uses of funds statement
Do I Need to Collect Sales Tax for States Where...
Discussion of whether a business selling products or services in several states must collect sales tax.
What Is a 1099-MISC?
Describes a 1099-MISC form, how it is filed and how the recipient includes it in his or her income taxes.
I Have a Business Name I Want to Use - Now What...
After you find a business name you want to use, you must check on the availability of the name. How to register or reserve a business name.
What's the Right Way to Report Employee Income?
Explains the difference between using a W-2 to report income to employees and a 1099-MISC to report income to independent contractors.
The Employer's Guide to Dealing with Payroll Tax
All about payroll taxes: What are they? How are they calculated? How are they paid? What are payroll tax reports? When do you file payroll tax reports? How do you file payroll tax reports?
How Do I Notify Federal, State, Local Agencies...
How to notify federal, state, local agencies about your business address change.
What Products and Services are Subject to Sales...
How to determine what products or services are subject to sales tax in your state.
Can My Business Deduct Charitable Contributions?
Discussion of how charitable contributions are deducted by businesses.
Employer's Guide to Payroll Tax Deposits
Discusses when to make payroll tax deposits.
What Defines a Salaried Employee?
A Salaried Employee is paid annually.
Want to Start a Business? Do These 8 Things.
First steps to starting any business: Begin with a business name, then a location, then go on to registering, financial, legal and marketing tasks.
What Employers Should Know About the W-3 Form
Describes the W-3 form. US Business Law / Taxes.
The Special Tax Only Some Businesses Pay
Excise Tax. US Business Law / Taxes.
What Does the Term 'Employee' Mean, Anyway?
Describes an employee. US Business Law / Taxes.
Your Business Employer ID Number - Explained
Describes an Employer ID Number. US Business Law / Taxes.
Is It Smart to Loan Your Business Money?
Describes the two ways you can give money to your business - loans or investments
Should My LLC be Member-Managed or Manager-mana...
Discussion of pros and cons of having a member-managed LLC or a manager-managed LLC.
3 Definitions of Business Capital
Capital definition. US Business Law / Taxes.
How Sole Proprietors Pay Themselves
How a sole proprietor gets paid, by taking a draw from the business checking account. How taxes are paid on the sole proprietor's income.
What Should Be Included in a Partnership...
A list of terms to be included in a partnership agreement, when starting a partnership.
10 Payment Types That Are Exempt from FICA Tax
Discusses which types of payments to employees are exempt from FICA (Social Security/Medicare) tax.
Understanding Taxes and Liability as a...
A tax attorney's discussion of tax and liability issues for a disregarded entity.
All about DUNS Numbers
DUNS Number. US Business Law / Taxes.
Why Not All LLCs Pay Taxes the Same Way
Describes how a single-member limited liability company or multiple-member limited liability pays income tax.
How to Take a Debtor to Small Claims Court
If you have a customer who owes you money, you may have considered taking this person to small claims court. Here are the details of the small claims process.
What is the Difference Between Full Time and...
Discussion of the difference between a full time or part time employee.
Having a Garage Sale or Yard Sale? What to Do...
Garage sales must pay taxes too: sales taxes, income taxes. Garage sales and yard sales must also comply with local regulations for business licenses and permits.
Domestic Limited Liability Company (LLC) or...
Domestic Limited Liability Company Domestic Corporation
What Does it Mean to Be Self-Employed?
Self employed, Self-employment. US Business Law / Taxes.
Before You File Form 941 - Employer's Quarterly...
Form 941 questions and answers: What is Form 941? When and how to file. When to use Form 944 instead of Form 941. Correcting Form 941 errors.
The Difference Between Real and Personal Property
Personal Property. US Business Law / Taxes.
Need Info on Taxes in Your State? Start Here.
Find information on taxes in your state by using this listing of state departments of revenue
Why Do I Need a Personal Guarantee for a...
Attorney Susan Dawson answers the question:
All About Your Employer ID Number (EIN)
Everything you need to know about Federal Employer ID Numbers (EIN): What is an EIN, When do you need one, how to apply, how to complete the application on Form SS-4, how to change an EIn, and how to cancel an EIN.
Important Tax Info for LLCs
Lists all the taxes a limited liability company pays including income taxes, self-employment taxes and employment (payroll) taxes, sales and excise taxes, and property taxes.
How to Deposit Payroll Taxes Electronically
As a business owner, you have several ways to pay your employment taxes. Here are your options.
Options for Paying an Independent Contractor
Options for paying an independent contractor, Form W-9 for withholding, and withholding requirements, including backup withholding.
Want to File in Small Claims Court? Follow...
How to file a claim in small claims court. Check on your state's laws, information you need, and filing process in your city.
Setting up a Payroll System for Your Business
This article will take you step by step through the process of making decisions on how to pay employees and keeping payroll records.
How the Small Claims Court Process Works - In...
Describes the small claims process, how to take a case to small claims court, how to present a case, what happens if you win or lose in small claims court.
What are the Duties of Corporate Officers -...
Describes the duties of specific officers of a corporate board of directors, including the chairman of the board, corporate secretary, corporate treasurer, corporation president and vice president. Also includes a discussion of separation between board duties and administrative duties of individuals in a small business.
2 Types of Business Leases Compared
Choosing capital leases vs. operating leases for business equipment leases: capital leases for long-term and operating leases for short term, with other important differences.
4 Things to Know About the W-4 Tax Form
Form W-4 -- Employee's Withholding Allowance Certificate
Can I Deduct Commuting Expenses?
Defines commuting expenses and describes what car/truck expenses a business owner can deduct for commuting and which cannot be deducted.
How to Have Your LLC Taxed as a Corporation
How to file an entity election for an LLC on Form 8832.
Do You Know How to Use This Inventory Costing...
FIFO is a method of costing inventory for accounting purposes. Learn more about what FIFO stands for.
How to Understand All the Parts of a W-2 Form
Definition and description of a W-2 form.
7 Things Every Employer Should Know About FICA...
All about FICA taxes, including what they are, how to calculate them, OASDI, limits on FICA withholding, and more.
payroll taxes social security medicare employers
Payroll Taxes. US Business Law / Taxes.
Petty Cash - Why It's Important to Your Business
Petty cash - what is it? Why is petty cash important to your financial system? How petty cash affects taxes. How to set up a petty cash system.
What You Need to Know About Per Diem Rates
Defines per diem rates for business travel, how per diem rates are determined, how the General Services Administration sets per diem rates.
Cash Flow
Cash Flow. US Business Law / Taxes.
What Is a business budget?
Creating a budget for your business works the same way as a personal budget.
Why Should I Create an Independent Contracting...
Working for yourself means you are self-employed, as a contractor or independent contractor. Here is why you should set up a business entity.
Understanding the Member Role in an LLC
Member of a Limited Liability Company
How to Complete Form I-9, Employment Eligibilit...
How to complete Form I-9 to verify eligibility of all employees to work in the U.S. The form requires information from all employees on identity and work eligibility, which is provided to the employer. Form I-9 is also the basis for further verification by the employer, using the E-Verify system.
I Received a 1099-MISC Form - What Do I Do With...
You received a 1099-MISC form. What to do with it, how to include this form with your personal taxes, and how taxes are paid on this income.
8 Important Facts about Self-Employment Taxes
All about self-employment taxes.
Sole Proprietor Businesses - What You Need to...
All about sole proprietors - what is a sole proprietor and sole proprietorship, how to start a sole proprietorship, taxes for a sole proprietor, income tax for a sole proprietor, advantages and disadvantages of a sole proprietor form of business.
Not Everyone Who Works for You Is an Employee
The IRS sets requirements for categorizing workers as independent contractors or as employees. Here is a brief discussion of the distinctions.
Who Should Own a Business Car - Business Or...
Who should own a car for business use - the company or the employee? Factors to consider in decision to put car in company name or employee name.
Taking the Mystery out of Depreciation...
Shows methods for calculating depreciation
Where Do I Find Forms for New Hires?
Where to get new hire forms - W-4 form, state withholding form, I-9, job application. How to sign up for E-verify and state employment registration. Finally, where to find new hire forms.
Becoming an Independent Contractor - The Why...
What you need to start a business as an independent contractor, including choosing a business type and business checking account, getting an EIN.
When Your Business Needs a New Employer ID Number
When a new Employer ID Number (EIN) is required. Most business changes require a new Employer ID Number, including buying a business and changing business type.
Financial Statements for Business Plans and...
Descriptions of the financial statements and worksheets needed for a business plan, including budget, income statement, balance sheet, break-even analysis, and sources and uses of funds statement.
Licenses and Permits
License Permit definition. US Business Law / Taxes.
The Business Owner's Guide to Payroll
Payroll definition. US Business Law / Taxes.
LLC Tax Advantages and Disadvantages Explained
An LLC has some advantages, from a tax standpoint, but it also has some disadvantages. This article describes both the advantages and disadvantages of an LLC so you can get more information on which to base a decision. The taxes for an LLC are compared to the taxes paid by a corporation or by the owners of a corporation.
What is a Reasonable Salary for a Corporate...
Salaries for corporation officers must be reasonable. What does that mean? Some considerations for paying corporate officers.
How to Complete Form 941 - Step by Step
Form 941 - 941 Form - How to Complete Form 941
How Do I Research to Make Sure I Can Use My...
You have found a business name you want to use. Now what? The next thing you need to do is check to make sure no one else is using that name. Some places to search are listed in this article.
Exempt - Exempt Employee
Exempt employees. US Business Law / Taxes.
Business Owner or Employee? You Need to Know...
Discussion of the different legal business types and the status of the owner in each - as owner or employee. Includes a discussion of how the owner takes money from the business.
2 Ways Owners Equity Can Be Expressed
Definition of owners equity. US Business Law / Taxes.
Here's a list of Secretary of State Websites
Secretary of State websites. US Business Law / Taxes.
UCC-1 Financing Statement
UCC-1 Statement. US Business Law / Taxes.
What is the Difference between a Sole Prop, a...
This article discusses the differences between a sole proprietor type of business and the other business types - partnership, LLC, and corporation.
Small Business Basics: How S Corps and LLCs Pay...
A CPA discusses taxes for S Corporations vs. LLCs.
How Do I Prepare a Startup Profit and Loss...
How to prepare a pro forma (projected) profit and loss statement
Business Car Leasing vs. Buying - Which is Best?
Car Leasing vs. Buying. US Business Law / Taxes.
Want to Use a Boat or Plane for Business?...
Buying and using a boat or airplane for business purposes. How to deduct expenses for business use of boat or airplane.
Running a Corporation? You'll Need This.
Schedule K-1 is used to show income/loss for individual partners in a partnership or (different form) individual shareholders in an s corporation. A partnership schedule K-1 shows the partner share of income/loss from a partnership. An S corporation K-1 shows individual shareholder income/loss.
The Fair Labor Standards Act - How It Affects...
The Fair Labor Standards Act (FLSA) is the federal law that regulates employment matters such as overtime and minimum wage rates.
Per Diem Lodging and Meal Rates Explained
Per Diem Definition and Per Diem Rates
Equity Interest (in a Business)
Definition of equity interest as it relates to ownership of a business entity, by Jean Murray, your About.com Guide to US Business Law and Taxes.
Your Business Name - The Most Important Step in...
Learn why the selection of a business name is so important. We'll discuss the processes of selecting a business name, registering a business name, trademarking a business name, changing a business name.
How Often Should I Pay Employees?
How often you pay employees depends on state regulations, cost, type of employees. Descriptions of different pay frequencies discussed.
Capital Improvements - Capital Expenditures
Capital improvements, Capital Expenditures

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