If you’ve withheld too much or claimed too few allowances, you will get a refund when you file your tax return in April. You’ll also have to pay interest and penalties for underpaying your taxes during the year. If you’ve withheld too little or claimed too many allowances, you have to pay the difference to the IRS in April when you file your taxes. You can run into problems if you don’t include the right number of allowances on the form – it’s up to you get that number right. It’s the employee’s responsibility to fill the form correctly and accurately. Inaccurately completing your W-4 can cause a bevy of issues down the line. Is Form W-4 Important?įorm W-4 is an integral part of your payroll. Your employer withholds and remits the tax to the IRS on your behalf, along with your name and Social Security number.Īt the end of the year, your employer will send you a Form W-2 showing how much Federal Income Tax (among other things such as wages/salary earned, taxes & deductions, etc.) it withheld from your paycheck throughout the year. Order your business checks, business forms and tax forms for a one-stop business shopping experience.Form W-4 also known as Employee Withholding Allowance Certificate is an IRS form, which every employee needs to complete to let their employer know how much federal income tax to withhold from each paycheck. For more information, visit Since 1984, CheckMark has been a trusted source for quality software backed by personal service and a highly-experienced tech support staff.ĬheckMark offers Payroll, MultiLedger Integrated Accounting, 10 software geared for the small business owner and complete with all the bells and whistles you need at one low price. The Company's mission has been to provide powerful and efficient accounting and payroll solutions that are easy-to-use and maintain for numerous small businesses. It also offers online HR solutions and time clock services. In 2011, CheckMark launched CheckMark Payroll Services to better serve small businesses. A Windows version of CheckMark Payroll debuted in 1994, and MultiLedger™ for Windows was released in 1998. has been dedicated to providing, fast, easy-to-use, affordable accounting, payroll and tax reporting solutions to small and medium-sized businesses since 1984.ĬheckMark became one of the first companies to roll out accounting software for the Mac when it launched General Ledger in 1985, CheckMark Payroll in 1986 and MultiLedger™ in 1987. To purchase and download the software updates, visit. CheckMark strongly recommends all their customers to update their software to remain compliant with the IRS and their state requirements. The 2018 software updates include the current IRS approved tax forms, state and federal tax tables, as well as support and software patches for any issues that customers may have throughout the year. We do not want them to be concerned about tax updates or forms, so we are always developing and improving our existing software to ensure their year-end activities run smoothly." "Allowing our customers to focus on their business at the year-end is extremely important for us. “The year-end updates are part of our major software release and commitment driven by the continuous innovation and enhancements with valuable insight from our customer community,” said Mohammed Ghani, CEO of CheckMark.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |