The tax rates for FICA and MEDFICA add up to 15.3%, half paid by the employee and half by the employer. Self-employed people are responsible for the entire amount although the employer's share is ...

Occasionally, you may have an employee who hands in a W-4 with so many exemptions that no taxes are due. Hold on to that employee's W-4, though, because the IRS has a right to ask you for it.

But not all tips are included. The fate of President Donald Trump’s tax bill is still very much up in the air, but one of the ...

You also need to check your benefits. When an employee is switched to hourly pay, their employer can opt to keep them at the same level of benefits as before, but it’s worth making certain of this.