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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 2016
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.
What Kind of Partnership Do You Want to Start?
Partnership Types: Limited Partnership, Limited Liability Partnership, General Partnership and Limited Liability Company
Don't Make These 5 Small Business Money Mistakes!
Don't make these 5 common small business money mistakes, relating to cash businesses, checking accounts, advisors, and taxes.
Should Your Employees Be Salaried or Hourly?
Salaried vs. hourly employees - differences explained. How to calculate salary and hourly rates and overtime exemptions explained.
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.
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.
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.
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.
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 Depreciation Affects Business Taxes
What is depreciation, how is depreciation calculated, and how depreciation affects business taxes. Includes bonus depreciation and Section 179 deductions.
How to Calculate Gross Pay for All of Your...
How to calculate gross pay for hourly and salaried employees, including overtime calculation.
Business Owner's Guide to Deducting Office...
This article explains office supplies and materials deductions
3 Ways to Identify Yourself to the IRS
Difference between a tax ID number, EIN, and ITIN
What's the difference between tax avoidance and...
The difference between tax evasion and tax avoidance
Is Arbitration Better than Litigation?
Describes the arbitration process vs. the litigation process, with points of differences and similarities.
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.
Reporting Equipment and Supplies for Business...
Business supplies - short term, deducted as expense in the year of purchase. Business equipment depreciated over its useful life.
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
How is Gross Pay Calculated?
Gross Pay. US Business Law / Taxes.
How to Create a Sources and Uses of Funds...
How to prepare a simple sources and uses of funds statement for a business plan.
When Does the Fiscal Year End?
How to determine the date for your company's fiscal year end.
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.
What business type is best for my company?
Discusses different types of business entities and which is best for different kinds of businesses
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.
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.
How to Calculate Withholding Amounts for...
How to calculate federal income tax (FIT) withholding from employee paychecks.
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.
What Does an Indemnity Agreement Look Like?
Indemnity agreements - what they are, how they work, where are they found in contracts and insurance contexts.
Fiduciary - Fiduciary Responsibility
A fiduciary responsibility and the person who is a fiduciary
Want to Deduct Your Business Mileage? You'll...
IRS Standard Mileage Rates for each year from 2009 to the current year.
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.
Who Must Be Paid Overtime and When - Federal...
Overtime/Overtime Pay. US Business Law / Taxes.
What is the Principal of Your Loan?
Principal on a loan. US Business Law / Taxes.
How to Calculate Paycheck Deductions - Hint:...
Employee paychecks begin as gross pay,with withholding for federal income tax, FICA tax, state and local tax, and other deductions.
What Is Litigation? What Does It Mean to...
Litigation definition. US Business Law / Taxes.
The Simple Way to Calculate FICA Tax Withholding
How to calculate the deduction for FICA taxes from employee paychecks.
The Special Tax Only Some Businesses Pay
Excise Tax. US Business Law / Taxes.
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.
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.
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.
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.
4 Types of Pay Periods Defined
Pay Period. US Business Law / Taxes.
Employer's Guide to Payroll Tax Deposits
Information for employers on when to make federal payroll tax deposits, including the semi-weekly and monthly deposit rules.
The Difference Between Capital and Operating...
Capital expenses US Business Law / Taxes.
What Does the Term 'Employee' Mean, Anyway?
Describes an employee. US Business Law / Taxes.
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.
Form I-9 for employment verification -...
I-9 Form - I-9 Immigration Form. US Business Law / Taxes.
Can My Business Deduct Charitable Contributions?
Discussion of how charitable contributions are deducted by businesses.
4 Things to Know About the W-4 Tax Form
Explanation of Form W-4 - Employee's Withholding Allowance Certificate, which employees must complete at hire to calculate withholding.
Travel for Business? How to Calculate Business...
Here is a brief overview of how to calculate mileage expense for business.
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
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.
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.
4 Things Explained by Cost of Goods Sold
Cost of Goods Sold. US Business Law / Taxes.
2 Reasons to Call Your Company a Disregarded...
Describes what business types are considered disregarded entities.
What Makes an LLC Different?
Limited Liability Company LLC. US Business Law / Taxes.
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.
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.
The Employer's Guide to FICA Taxes
FICA taxes explained. US Business Law / Taxes.
What Defines a Salaried Employee?
A Salaried Employee is paid annually.
How is Tax Nexus Determined?
Describes the term. US Business Law / Taxes.
What are the Pros and Cons of Being an...
Benefits and drawbacks of being an independent contractor, including taxes and contracts.
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.
Want to Do Your Own Payroll Processing? Get...
How to do your own payroll and payroll taxes, in three steps: before you pay employees, paying employees, and after you pay employees.
Conflict of Interest
Definition of conflict of interest
Preparing a Business Plan? Include These...
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.
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.
10 Payment Types That Are Exempt from FICA Tax
Discusses which types of payments to employees are exempt from FICA (Social Security/Medicare) tax.
End of Year Employee Paychecks - Which Year's...
End of year paychecks - which year counts for W-2 income purposes? It depends on when the paycheck is issued.
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
How Cash Flow Works to Keep Your Business Afloat
What is cash flow, how cash comes in and out of a business and why it's important in a small business to manage cash, especially at startup..
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.
What Products and Services are Subject to Sales...
How to determine what products or services are subject to sales tax in your state.
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.
Is It Smart to Loan Your Business Money?
Describes the two ways you can give money to your business - loans or investments
The Difference Between Real and Personal Property
Personal Property. 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.
How (and Why) to Use a Purchase Order
Defines a purchase order and describes the parts of this order.
What Should Be Included in a Partnership...
A list of terms to be included in a partnership agreement, when starting a partnership.
2 Types of Business Leases Compared
Choosing capital leases vs. operating leases for business equipment leases - the differences explained.
What is the Difference Between Full Time and...
Discussion of the difference between a full time or part time employee.
All about DUNS Numbers
DUNS Number. US Business Law / Taxes.
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.
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.
How to Understand All the Parts of a W-2 Form
Definition and description of a W-2 form.
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.
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.
Form 941 for Payroll Taxes - How to Complete...
Form 941 is the quarterly tax return for payroll taxes. Due dates, how to complete, and current changes.
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?
Want to Get Paid? You'll Need One of These.
Describes an invoice. US Business Law / Taxes.
2 Ways Owners Equity Can Be Expressed
Definition of owners equity. US Business Law / Taxes.
Payroll Taxes - The Basics for Employers
Payroll Taxes include federal income tax withholding and FICA taxes - Social Security and Medicare tax - and state payroll taxes.
What Is a business budget?
Creating a budget for your business works the same way as a personal budget.
Viability (of a Business)
Viability of a business. US Business Law / Taxes.
What are the Tax Implications of Giving...
Employee bonuses and their tax implications - tax deductible to employers and taxable to employees.
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 Employers Should Know About the W-3 Form
Describes the W-3 form. US Business Law / Taxes.
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.
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.
Why Do I Need a Personal Guarantee for a...
Attorney Susan Dawson answers the question:
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.
Options for Paying an Independent Contractor
Options for paying an independent contractor, Form W-9 for withholding, and withholding requirements, including backup withholding.
How Do I Notify Federal, State, Local Agencies...
How to notify federal, state, local agencies about your business address change.
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.
Understanding Taxes and Liability as a...
A tax attorney's discussion of tax and liability issues for a disregarded entity.
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.
Understanding the Member Role in an LLC
Member of a Limited Liability Company
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.
What is Due Diligence and Why It's Important
Due diligence is a process of evaluating details before making a business decision. Due diligence often involves a checklist and report of findings.
The Family Medical Leave Act Explained for...
Here is a description of the main provisions of the Family Medical Leave Act (FMLA) and how it affects your business.
What is the Semiweekly Payroll Tax Deposit Rule?
Describes the semiweekly payroll tax deposit rule
How To Make a More Effective Appearance in Court
How you act and what you wear in a courtroom can influence your case or your testimony. Some tips for courtroom etiquette and dress.
What Does a Corporate Board of Directors Do?
Describes the duties of the Board of Directors for a Corporation including board fiduciary responsibility.
What Does it Mean to Be Self-Employed?
Self employed, Self-employment. US Business Law / Taxes.
Business Car Leasing vs. Buying - Which is Best?
Car Leasing vs. Buying. US Business Law / Taxes.
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.
Net Pay
Net Pay. 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'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.
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.
3 Definitions of Business Capital
A definition of capital, including capital structure of a business, capital gains, capital improvements, and other related terms.
What Does a Notary Public Do?
A notary public is defined as an official in a state who can perform certain legal duties. More information about how a notary public works.
All About Limited Liability Companies (LLCs)
Limited Liability Companies (LLCs) have been available to business owners since the early 1980s, and they are an alternative form of business which offers some benefits. Learn about LLC taxation, some common myths about LLCs, and other information to help you make a decision about forming an LLC.
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.
What Does "Doing Payroll' Mean?
An overview of payroll, how payroll works, and about payroll taxes.
How to Prepare a Startup Profit and Loss...
How to prepare a profit and loss statement and a pro forma (projected) profit and loss statement for a business startup.
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.
Sole Proprietorship? Here's How to Complete...
Instructions on how to complete Schedule C for a Sole Proprietorship or Single-member LLC - for Form 1040.
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.
How to Have Your LLC Taxed as a Corporation
How to file an entity election for an LLC on Form 8832.
Filing Corporate Taxes? Here's How to Use Form...
This article provides a general outline of the information required on Form 1120 - U.S. Corporation Income Tax Return, including schedules.
Your Business Employer ID Number - Explained
Describes an Employer ID Number. US Business Law / Taxes.
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.
Create a Startup Costs Worksheet
To create your startup costs worksheet, you will first need to format a page in a spreadsheet application.
Hiring Freelancers? Don't Forget This Tax Form.
Describes Form 1096 - Annual Summary and Transmittal of U.S. Information Returns
Should I Elect to Have My LLC Taxed as a...
A limited liability is taxed as either a partnership (if it has multiple members) or a sole proprietorship (if it has one member). But an LLC can elect to be taxed as a corporation. Read this discussion of the advantages and disadvantages of having your LLC taxed as a corporation.
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.
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.
Exempt - Exempt Employee
Exempt employees. US Business Law / Taxes.
What is the Electronic Federal Tax Payment...
Answers to questions about the Electronic Federal Tax Payment System (EFTPS), including how to enroll, what taxes can be paid, and how to enroll.
Start Your Schedule C for Small Business Taxes
Basics on IRS Schedule C Profit or Loss from Business for your small business. Schedule C is included in IRS Form 1040, your personal tax return.
What is a Partnership Agreement? Why a...
Definition of a partnership agreement and why a partnership agreement is important.
No, Not All Property Is 'Real'
Real Property. US Business Law / Taxes.
What New Hire Paperwork Do I Need for an...
New hire paperwork when hiring an independent contractor, including Form W-9, a resume for the worker, and a copy of the employment contract.
Domestic Limited Liability Company (LLC) or...
Domestic Limited Liability Company Domestic Corporation
Small Business Basics: How S Corps and LLCs Pay...
A CPA discusses taxes for S Corporations vs. LLCs.
Statutory Employee
Statutory employee. 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.
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.
How to Keep Employees from Working for the...
Non-solicitation agreement. US Business Law / Taxes.

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