Transcription of FREE Payroll Book - realtaxtools.com
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FREE Payroll Book - realtaxtools.com
free Payroll Book A Quick Guide To Payroll Basics Prepared by Real Business Solutions Makers of Payroll Mate, W2 Mate, and 1095 Copyright 2018 by Real Business Solutions, Inc. All Rights is a free publication. No part of this publication may be reproduced in any form or by any means, electronic or mechanical except for educational purposes and not for resale or financial benefits. Table of contents Part one About Real Business Solutions Introduction and History of Payroll and Payroll Taxes Terminology Methods of Payroll Preparation Payroll Processing Steps Why Buy Payroll Software and Prepare Payroll in House? How to Choose the Right in House Payroll Preparation SoftwarePart Two If You are Responsible for Running Payroll for Your Entity What Do You Need To Do?
In modern time the true start of payroll tax occurred with the passage of the Revenue Act in 1861 which introduced a 3% withholding on all incomes of $800.00 per year. Another landmark was the introduction of the Social Security Act in 1935, which comprised of a two percent tax: One percent paid by the employer and one percent deducted from the
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