Latest insights from the experts at PaycheckCity

Ten Small Cities to Start a Business in 2023

Are you starting a new business? Have you thought about where you would like to start a business? Learn more about the best small cities to start a business.

How Do I Determine My Filing Status?

Your filing status is perhaps the most important piece of information when it comes to tax withholding. Learn which filing status applies to you.

The Most Common W-4 Questions

How often should you submit a new W-4? What is your filing status? In this article, we break down some of the most common W-4 questions.

How To Calculate Your Federal Taxes By Hand

Easy step by step instructions to manually calculate your paycheck's federal income tax, Social Security tax, and Medicare tax.

Tax Day 2023 And How To Get An Extension From The IRS

Tax Day is on Tuesday, Apr 18, 2023. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!

Understanding the Earned Income Tax Credit

The EITC, also known as EIC, is a tax credit provided to lower income workers to help offset the basic living expenses. Here's how to know if you're eligible.

4 Mistakes Small Businesses Should Avoid

Making mistakes is a part of starting a business, but knowing what mistakes to avoid will help small business owners in their long-term journey to success. Here are four mistakes small business owners should avoid.

What is an Auto-IRA?

States are slowing beginning to provide state-run auto-IRA programs to bridge the gap for small businesses to afford retirement plans for their employees.

Tips For Classifying Workers

Knowing how to classify independent contractors and employees can save an employer time and money. Here are some tips to classify workers.

5 Small Business Trends to Expect in 2022

The pandemic has definitely made its mark upon the world, especially in the business world. Small business owners found themselves changing and adapting to every new thing that was thrown at them and a few trends are expected to stay in 2022.

Delaware Provides Updates For Form W-2 and Form 1099

Delaware has provided updates on its Frequently Asked Questions regarding Form W-2 and Form 1099. These updates may affect how Delaware residents file for tax year 2021.

New Notice For Reporting Qualified Sick and Family Leave Wages

A new notice from the IRS has been released to provide guidance to employers on how to report qualified sick and family leave wages in 2021.

The Future of Telecommuting and Employee State Income Tax

Employees who continue to work online rather than commute to a brick-and-mortar establishment may find themselves liable for taxes in both the state where they live and the state where the employer is located. To avoid confusion when withholding, both the employee and the employer should be aware of the tax laws in each state.

Form 941 Updates for 2nd Quarter of 2021

The most recent version of Form 941, revised June 2021, should be used for the second, third, and fourth quarters of 2021. Employers should know what has changed on Form 941 and in the instructions.

What is An EIN and How Do I Apply?

An EIN is a unique number that is designated by the IRS to a business. Many aspects of running a business may require you to provide an Employer Identification Number. Here's how to apply for an EIN and when you might need it.

Small Business Tax Credit for Vaccination Paid Leave

According to President Biden's recent announcement, you can now take time off of work to get the COVID-19 vaccine and extra time for recovery without worrying!

Recent Payments Provided by the American Rescue Plan Act of 2021

Since March 11, four Economic Impact Payments have been issued as part of the American Rescue Plan Act of 2021. Learn more about when these payments were issued and who the recipients are.

What Small Businesses Need to Know About W-2s and Social Security Numbers

As a small business owner, it is crucial to know when you can or cannot truncate an employee's Social Security Number to avoid issues, delays, and possible fines.

Breaking Update to the Paycheck Protection Program

Recent changes to the Paycheck Protection Program provide more benefits for small business owners, sole proprietors, independent contractors and self-employed individuals. Learn more about the changes beginning on February 24th.

Protect Yourself from Unemployment Insurance Fraud

Since the Covid-19 Pandemic started in March 2020 the DOL has seen a large increase in the number of fraudulent Unemployment Insurance claims. Learn how to protect yourself from becoming a victim.

Three Things Your Small Business Needs to Know About PPP Loans

To assist small businesses during COVID-19, the Paycheck Protection Program relaunched on January 11, 2021 to provide more funds to eligible small businesses.

Filing Form 941 Accurately and On Time

Small business owners withholding federal taxes, social security tax and Medicare tax will need to file the Employer's Quarterly Federal Tax Return. PaycheckCity wants to make sure you know when to turn it in!

Form 940 Filing Deadline Quickly Approaching

As the deadline to turn in Form 940 and deposit FUTA tax for 2020 approaches, PaycheckCity wants to make sure you know how the deadlines can change!

The Memorandum on Deferring Payroll Taxes: One Month Update

On August 8th, 2020, President Trump signed the Memorandum on Deferring Payroll Tax Obligations. We are now one month into the deferral period, and many questions are still circulating.

4 Easy Ways to Get More From Your Pay During NPW

Making small but well-planned adjustments can help you reach your financial goals for today and the future. Be sure to take the “Getting Paid In America” survey. While you’re at it, enter to win a free paycheck from the American Payroll Association in honor of the best week of the year.

4 (Socially Distanced) Ways to Get Involved with National Payroll Week

National Payroll Week® is a special week enjoyed by many payroll professionals and employees! Find out how you can be involved this year through virtual celebrations!

National Payroll Week is Just Around the Corner!

Enter to win a free paycheck and your dream vacation!

How Tips are Taxed

In the service industry, employees often receive tips from customers. It is important for employers to know how to tax and report tips to stay compliant.

IRS Revises Form 941 for COVID-19

The IRS has stated that the new 941 should be used starting with second quarter of 2020 to report retained taxes under the COVID-19 tax credits.

Severance Pay for Small Business

In the case that a business must lay off personnel due to unforeseen circumstances, it is wise to know what is expected regarding severance pay.

How Small Businesses Will Benefit from the Stimulus Bill

The majority of this financial relief from the $2 trillion COVID-19 stimulus bill will mostly benefit large corporations; however, $350 billion will be offered to assist small businesses. Small businesses should know if they're eligible, how much they will receive and how to apply for it.

Coronavirus Paid Medical Leave and Your Small Business

The Families First Coronavirus Response Act (FFCRA) was signed into law on March 18, 2020 and provides employees with paid sick time. Understand how this impacts your business and employees.

New Withholding Lock-In Letters

New withholding lock-in letters are expected to be approved in the near future. Once these letters are updated, the previous letters will be replaced. Employers and employees should know how to treat these lock-in letters.

Gross Pay and Net Pay: What's the Difference?

Gross pay and net pay are two important terms to understand. Which pay is most important to me, and how do I calculate it? With the PaycheckCity net pay calculators, gross pay calculators, and other resources, calculating paychecks is simpler than ever.

How Your 2020 Take-home Pay Compares to 2019

The start of the new decade presented many significant changes that impact paychecks. Federal, state, and local tax rates across the country typically change with the coming of the new year. Wage bases also change at the Federal and state level.

States Solidify Plans for New W-4s

Ten states had to decide whether to create their own state-specific W-4 or use the dramatically different 2020 Federal W-4 as a result of the Tax Cuts and Jobs Act of 2017. This article details where states landed on this important decision.

IRS Releases New 2020 Form W-4

PaycheckCity Calculators have been updated to include the new and dramatically different 2020 Form W-4 for withholding elections

Upcoming Wage Base Changes for 2020

As we reach the end of 2019, the IRS and individual states are publishing changes to their taxable wage bases for 2020. This article details the 14 states with expected changes.

Paid Family Medical Leave Acts Gain Traction But Implementation Poses Challenges

Paid Family Medical Leave Acts (PFMLA) have gained adoption across the country with eight states having adopted the plans. However, states are seeing deadlines delayed as implementation proves more difficult than legislators initially planned.

Texarkana - The Small Town Bringing Big Problems To Local Wallets

The city of Texarkana is divided by an avenue running through the heart of the city, dividing Arkansas and Texas. What happens to your paycheck depends on which side of the street you work on.

Resident vs. Non-Resident In The Context Of Payroll

When it comes to residency status, there is often a lot of confusion. This is because the laws relating to residency are not the same from state to state. In fact, each state has its own rules for classifying a place of residence.

Details About Withholding Compliance You Should Know

As payroll professionals know, an employee can change his or her W-4 whenever needed, especially when a major life event occurs. If an employee is adjusting withholding, that employee must report the change within 10 days by submitting a new W-4.

What Is A Tax Turtle?

A tax turtle is not a reptilian accountant. Rather, it is a person or small business who carries their business on their back.

Payroll Tax vs. Income Tax

Employers do not contribute to income tax, as they do for payroll tax. Therefore, you could think of payroll tax as a tax of your wages that you share with your employer.

The Top 5 Most Tax-Friendly States

Where can you go to find the most tax-friendly states in the U.S.? The answers might surprise you.

Making Sense of Form 1099

The objective of Form 1099 is to report income from self-employment earnings, interest and dividends, government payments, and more.

What Is the Difference Between Gross and Net Income?

Part of the confusion behind understanding gross and net income is there are different meanings depending on if you are talking about a business or wages. In this article, we dive into both scenarios and provide examples for each.

What Is Self-Employment Tax?

Self-employed individuals are subject to different challenges when it comes to taxes. Staying diligent and keeping accurate records can go a long way in easing the frustration.

How to Calculate Severance Pay

Are you entitled to severance pay upon termination of your employment? If so, it's important to have an idea of how to calculate it.

What is the Difference Between a 1099-MISC Contractor and a W-2 Employee?

Looking to hire a new employee for your small business? Maybe you just joined a new company and are deciphering the complicated language of the IRS withholding forms. Regardless of the scenario, do you know the difference between a 1099-MISC and W-2 Employee?

How to Read Your Pay Stub

There is nothing like payday. But do you know where your hard-earned dollars are going? Your pay stub provides the answer.

Important Information Regarding Form 941

Are you an employer? The deadline for Form 941 is April 30, July 31, October 31, and January 31.

How to Pay an Independent Contractor

Employers occasionally need work done for their business that is outside of their normal scope. Instead of having an employee learn a new topic and spend extra time, and therefore money, learning this topic, the company may want to hire an independent contractor.

Payroll Tax History in America 1700s - 2019 (infographic)

The history of Payroll Taxes infographic all the way back to the 1700's.

Win Prizes and Increase Your Paycheck for National Payroll Week

Join the National Payroll Week celebration happening across the country September 2nd through the 6th and visit to learn more.

The March Madness Jock Tax

Did you know that any athlete, coach, trainer or staff that is being paid to travel, participate in a game or that wins money for participating in a game has to pay what they call a “jock tax” for the state in which they compete?

Still Waiting on Your 2018 Bonus?

Your bonus is considered a supplemental wage so it will be taxed differently. Don't be surprised! Learn more about the possible ways your bonus will taxed.

Five Ways To Deduct Your Moving Expenses

Moving to a new place can be a stressful and overwhelming experience for everybody. Did you know those pricey moving expenses could be tax deductible? Here are five ways to make sure your expenses are eligible for a tax deduction.

Five Easy Ways to Participate in National Payroll Week 2018

National Payroll Week, September 3-7, celebrates the hard-working payroll professionals ensuring employees across America have a reason to smile each payday.

How Do I Change My Withholding Allowances?

The number of allowances you claim has a direct impact on your tax withholding. If you need to change your withholding allowances, how should you go about it?

Celebrate Payroll and Be Recognized

Does your company celebrate its payroll professionals during National Payroll Week (NPW)? If you answered yes, don’t miss your chance to be recognized throughout the NPW campaign, for free!

Teach Financial Basics to Future Generations

Educate young adults this September on important paycheck basics that will help set them up for a future of financial success.

Important Information Regarding The 2018 and 2019 Form W-4

What you need to know about the 2018 and 2019 Form W-4.

Your Chance at an Extra Paycheck, Dream Vacation is One Click Away

Complete the American Payroll Association survey for a chance to win the grand prize.

Save Time and Effort Calculating Paychecks

Saving employee, company and deduction information is now available with PaycheckCity Payroll which will save you heaps of time!