by Andrews Tax Accounting & Bookkeeping | May 15, 2026 | Educational
Budget and Pay Your Employer Payroll Taxes Employer payroll taxes add about 10 to 15 percent to the cost of gross wages. That can be a surprise when you first hire an employee, but it’s crucial to budget for them – and pay them. The federal government allows almost no...
by Andrews Tax Accounting & Bookkeeping | Aug 21, 2019 | Educational
What are Payroll Taxes? Payroll taxes are taxes on the wages of employees which are used to fund social programs (e.g. Social Security and Medicare). The burden is on the employer to pay the tax by withholding said tax from employee’s salaries, but the employee is the...
by Andrews Tax Accounting & Bookkeeping | May 15, 2019 | Educational
The Act Last Monday, Governor Jay Inslee signed the long-term care trust act into law. The law aims to help future taxpayers afford the cost of long-term care. How Will it be Funded? The law will be funded through a payroll tax of 58 cents on every $100 of income. How...
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