Tax Management

Excise tax compliance is critical for businesses in specific industries. This guide helps you understand your excise tax obligations and implement effective management strategies. Excise Tax Fundamentals Basic Concepts Tax Types Manufacturer taxes Retail taxes Environmental taxes Luxury taxes Taxable Items Fuel products Tobacco products Alcohol beverages Environmental products Industry Applications Manufacturing Production processes Raw materials Finished goods By-products Retail Point of sale Special items Luxury goods Restricted products Registration and Licensing Requirements Federal Registration ...

Managing payroll taxes is a fundamental responsibility for any business with employees. This guide provides essential information to help small business owners understand and efficiently manage their payroll tax obligations. Payroll Tax Fundamentals Types of Payroll Taxes Federal Taxes Social Security (FICA) Medicare Federal Income Tax Withholding Federal Unemployment Tax (FUTA) State Taxes State Income Tax Withholding State Unemployment Tax (SUTA) State Disability Insurance (where applicable) Tax Rates and Limits Social Security Current rate: 6.2% employer and 6.2% employee Wage base limit updates annually Medicare: 1.45% each for employer and employee Additional Medicare tax for high earners Calculation and Withholding Withholding Requirements Federal Income Tax ...