Is there any way to estimate payroll taxes for a business?

1 Answer

Answer :

Of course it can be calculated. It is the employees withholding + employer contribution + FICA + SS + unemployment. Knowing your rates, it can be calculated to the penny. It will usually be between 0% and 30% of total wages, depending on where the business is located & W-4 statements.

Related questions

Description : How do you submit payroll taxes for turbo software?

Last Answer : You submit payroll taxes for turbo software because it is easier and cheaper. You can find out more of the benefits at turbotax.intuit.com/personal-taxes or hubpages.com/hub/Social-Security-Payroll-Tax-Limits

Description : Do I need to be worried about taxes/business license on my side projects?

Last Answer : answer:If you earn more than $600 from any one contract job, that company will be required by the IRS to issue you a 1099 and to report the income to the IRS. You will owe taxes on it. ... tax advisor may suggest another option such as an S corp.) You probably should have a local business license.

Description : Has anyone had to file taxes as a small business or partnership before?

Last Answer : I’ve been doing taxes for over 30 years, lots of partnerships, corps, etc. For a first timer, I would recomend taxcut

Description : Do you have to pay sales taxes on intangible things sold on the internet?

Last Answer : It is a service they pay for, so taxes apply in any case, and yes, it is always your responsibility.

Description : Do you pay estimated taxes as a freelancer?

Last Answer : What do you do?

Description : Do you think more people are filing their own taxes this year?

Last Answer : My taxes are kind’a complicated, so I use a tax service. Plus, just in case I am audited, I want someone with a suit and tie by my side who can answer the questions.

Description : How do taxes work when you use an online temp/assistant service?

Last Answer : Yes, you can handle that as a business expense. You put it in Schedule C, which you file for your business to determine profit or Loss.

Description : Do you pay state income taxes or do they refund you like federal income taxes do?

Last Answer : The last 4 years, I have had to pay the Feds, and got less money back from the State.

Description : How are my LLC's taxes broken down by percentage?

Last Answer : Buy the home and business Turbo tax and answer the question yourself. You’ll save a pile of money and learn more about your business than any class. It is worth it.

Description : Can I claim my home office on my taxes?

Last Answer : I am not an accountant, however: Your business expenses as an independent contractor are generally deductible on a 1040 Schedule C-and the instructions for that specifically call out how to calculate ... lot less calculating. When I was an independent contractor, I generally was filing that one.

Description : Where should I look to estimate my federal taxes?

Last Answer : I, myself use Turbo tax. Turbo tax will estimate and fill your taxes, or you may want to go to your local tax advisor.There are free tax services to help you.

Description : How to Use Payroll Accounting Software to Streamline Your Business?

Last Answer : Payroll accounting software can assist you in managing your finances, even if you don’t have a lot of time or experience with payroll accounting. The software will take over all of the hard ... time and money with consistent use. You will definitely want to shop around before choosing the automat

Description : Where can I go online to find a free payroll calculator for my small business?

Last Answer : Intuit Payroll, Sure Payroll, Microsoft, ADP, Paychex, PayCycle and CheckPoint are a few sites the offer free payroll calculator for my small business.

Description : What size of business are small business payroll solutions ideal for?

Last Answer : Yes, they will surely help you organize your payroll and make it way more faster. It can even net you savings so I highly recommend it for a small business.

Description : Would a payroll service company be beneficial to a small business?

Last Answer : A payroll service company may help control your company's expenses because it would eliminate the need for a payroll manager. In addition, it would eliminate the tedious duty of staying current to the rules and the rights of payees which are always changing.

Description : Simple Payroll Solutions For Small Business?

Last Answer : Many small businesses need simple payroll payroll software to help streamline their operation. After all, software for huge enterprises can be very confusing and complicating with features and capabilities ... allow payroll data to be quickly entered through an online interface. Business owners j

Description : Care to post a link showing another way that law enforcement and big business are using electronics to eliminate privacy and erode personal liberties in the Western World?

Last Answer : answer:Your Thruway E-Z Pass is being read in other places besides highway toll booths. Shopping malls, parking lots, stores, Town government are buying readers. The readers record the date and time ( ... when your pass is contacted and transmits. Buy one for the office and take turns sharing it.

Description : What is the best way to start your own business and what are good business ideas for a teenager?

Last Answer : I walked around and washed cars and mowed lawns. It was actually a sweet gig if you do a really good job. I set my schedule and for the most part used the equipment people already had.

Description : How do I go about producing a new product as a give a way business promotion? Like the live strong armbands but different?

Last Answer : There are literally dozens of websites that offer customized merch for just such things. Just google “custom promotional items” and related things to find lots and lots

Description : What's a good way to apporach a business plan?

Last Answer : Ummm… A little bit too open ended.

Description : What is the best way to ask a business owner if his/her business is for sale or if they would be interested in selling their business?

Last Answer : answer:Explain why you're interested in buying it, then what the benefits would be for them in selling to you - then ask if they're interested. Of course, if you don't wish to disclose too much up ... are in the market for such a business and their name came up and ask for their view on the matter.

Description : Is this a normal payroll thing?

Last Answer : answer:Yes, this is normal. I’ve worked for companies which pay on a week delay. It’s no fun on the first go-round for you, but it means that payroll has time to use actual hours worked instead of an up-to-the-minute estimate.

Description : Why do Republicans oppose extending the payroll tax cut?

Last Answer : answer:@Qingu Actually, the GOP supported extending all tax cuts, so they supported keeping taxes low for poor, middle-class, and “wealthy” Americans. Cantor does make a good point: we need to completely overhaul the tax code for a more simple and fair way to do it.

Description : Payroll system and accounting system are the ……… softwares. -Technology

Last Answer : Payroll system and accounting system are the applicationsoftwares.

Description : What is the best outsourced payroll service for startups?

Last Answer : If you are a startup or a solo entrepreneur who want to reduce the stress outsourcing payroll service! You are right on the way to the smart path!You must know it will really reduce your headache ... has been part of the team that started HR, Payroll and Benefits outsourcing in India. He has held

Description : what APAC payroll outsourcing companies?

Last Answer : Payroll outsourcing is flexible and adaptable depending on your needs. We take on some, or all, of your payroll tasks which enables managers and HR to concentrate on core activities, cut costs and increase quality in their HR activities.

Description : what Multi country Payroll outsourcing?

Last Answer : Multi-Country Payroll & Global Payroll Outsourcing Services – Top 5 Advantages

Description : Can you offer me a well-functioning online net payroll calculator?

Last Answer : I think THIS is the most transparent net payroll calculator and has already been supplemented with the 2017 social contribution tax changes.

Description : Do you know good net payroll calculators? I think there are more. Which one do you use? 

Last Answer : Luckily there are a couple of payroll calculators on the Hungarian net, but I think the two below are the most useful: https://www.nettober.com/index.php?p=berkalk20160101 https://www.hrportal.hu/berkalkulator_2016. html 

Description : Hello, does anyone know what the term loan or loan settlement means on the payroll. I marred for 5 months, and even on empty records I have this concept in the amount of 2244 CZK. If it was an execution, it is ... CZK 1,183 (8303 + 3585 = 11888-10706). I don't get it at all. Can anyone advise me?

Last Answer : Need Answer

Description : What are payslips needed for? I will report to the employment office and I have no idea if they will ask for them.

Last Answer : The payroll is a Bolshevik remnant. It's just duplicating other documents. I don't have one. There are payslips and there is everything you need.

Description : What is an example of a payroll tax?

Last Answer : Feel Free to Answer

Description : What is Quick Books Payroll?

Last Answer : QuickBooks Payroll is a accounting software package which istechnology that aims to streamline and automate the process ofpaying a company's employees. The software is part of the BQ ... tax forms and other reports. Some systemsalso feature check printing capabilities.Other brands are available

Description : Payroll Deductions?

Last Answer : Payroll DeductionsUse this calculator to help you determine the impact of changingyour payroll deductions. You can enter your current payrollinformation and deductions, and then compare them to your ... home pay. This calculator has beenupdated to use the new withholding schedules for 2010.

Description : How To Start Your Own Payroll Services?

Last Answer : When companies pay their employees, they have to deduct a number of taxes from their paychecks. These deductions include Social Security, Medicare, state and federal taxes, just to name ... other matters, including benefits management, vacation and time-off tracking and retirement services. Payrol

Description : Which check cashing companies charge the least for a payroll check?

Last Answer : Advanced America was the least at 5 percent. If you are looking for something that is less you can cash your check at Walmart for $3 within a certain amount. The best deal on check ... They charge three dollars per check. All checkcashing companies charge a percentage which is much more expensive.

Description : Who handles McDonald's payroll systems?

Last Answer : McDonalds has their own custom software for it's payrolls. It was designed by Horizon Payrolls. You can learn about it here http://www.horizonpayroll.com/mcdonalds-franchise-payroll-software.htm.

Description : How many people in my organization should know how to do payroll in case of emergencies?

Last Answer : The absolute minimum number of employees trained to do payroll is 2. Depending on the size of the organization, more employees may need to be trained on the payroll system. Payroll ... outside payroll company can reduce the number of employees required or make a payroll department obsolete.

Description : Where do I find payroll check software?

Last Answer : The best place to find payroll check software is to look online! By doing a simple search, I've found that Medlin Software has a great payroll program.

Description : Which firm offers the cheapest payroll services?

Last Answer : Deluxe has been an industry leader in providing everything from business checks and forms, to promotional products, logo design, website design, and other marketing services, as well as Payroll Services and more. Deluxe has everything a business needs. cutt.ly/dksg241

Description : Is there a free payroll calculator available?

Last Answer : If you are wondering whether or not there is a free payroll calculator available, then I can answer this. Yes, there is one available to download at a free payroll website.

Description : How can I contact ADP payroll services?

Last Answer : ADP Payroll Services may be contacted online at http://www.adp.com/. on the phone by calling 1-800-CALL-ADP (1-800-225-5237) they also have contacts at 1 Penn Plaza #23 New York, NY. Phone #: 212-563-2233

Description : Signing up for ADP payroll services ?

Last Answer : Signing up for ADP Payroll Services should be a pretty short and relatively simple process when put into practice. These wonderful services are easier to use and more practical than typical payroll ... software solutions on the market today. The company's software is also very cheap to purchase.

Description : Payroll Service Software?

Last Answer : form_title= Payroll Service Software form_header= Keep your payroll organized with a software on your computer! How many employees are on payroll?*= _ [50] Do you currently use any software programs for payroll?*= () Yes ... ?= _ [50] Will you need the software installed?*= () Yes () No () Not Sure

Description : Federal Payroll Tax?

Last Answer : Federal payroll tax is a system in which the employer of a taxpayer withholds funds from the employee's wages for the purpose of paying various tax obligations. The employer may owe a ... a corporation, officers or other responsible individuals may be held personally liable for the amount owed.

Description : Payroll Tax Preparation?

Last Answer : form_title=Payroll Tax Preparation form_header=Get help with your payroll tax preparations from the experts. How far in advance do you prepare for your payroll tax? =_ Do you have last year's tax statements?= () Yes () No () Not Sure How many people on currently on your payroll?=_

Description : Payroll Provider?

Last Answer : form_title=Payroll Provider form_header=Save time and money with a payroll provider that fits your business needs. How many employees do you have?=_ Do you need checks or are the employees on direct deposit?= [] Checks ... () No () Not Sure Are you currently using a payroll provider? = () Yes () No

Description : Payroll?

Last Answer : form_title=Payroll form_header=Payroll is essential to running a successful business. Get help organizing and delivering your payroll from the experts. Do you currently use a payroll service?= () Yes () No If ... employees paid? =_ Are your payroll expenses handled by an accountant?= () Yes () No

Description : The Various Federal Payroll Tax Deducations?

Last Answer : Payroll taxes are collected as a means of funding large programs that benefit society, or the economy, as a whole. The Social Security tax takes in anything from 6.2% to the annual ... on predesignated classes and tables. Voluntary deductions such as health care premiums depend on the employer.

Description : Where to find sage payroll training online?

Last Answer : You can find sage payroll online training by searching through engines on the internet. There are many potential companies that offer this training service to consumers and businesses.