Synet
Relevant Blog
A Step-by-Step Guide to Calculate Withholding Tax
Published on April 10, 2023 by Stephanie MilneEvery small business with employees needs to calculate withholding tax so that they can deduct the correct amount from each employee’s paycheck to cover their tax obligations as defined by the IRS. In order to calculate withholding tax, employers will refer to the IRS’s income tax withholding table and each employee’s W-4 form to ensure […]