Knudsen Adkins

As the Covid-19 epidemic erupted, and businesses were forced to shut down their operations, Congress passed programs to provide financial assistance to companies. One of those programs was the credit for employee retention (ERC).

The ERC offers eligible employers tax credits for wages and health insurance paid to employees. The ERC program…[Read more]

Payroll tax rate is the amount an employer takes from the employee’s pay.

Payroll Tax Rate Payroll Tax Rate: Everything You Need to Know

The payroll tax rate is the proportion of employees’ income that is removed from their pay in order to pay for Social Security and Medicare programs. The current tax rate for payroll is 15.3…[Read more]