Sentences with phrase «tax on behalf of employees»

(Note, however, that real estate professionals who have employees may have responsibility to withhold the new tax on behalf of employees who might be subject to it.)

Not exact matches

After a slow and grudging response to the initial revelations, Cameron finally published six years of personal tax returns at the weekend, and for good measure Monday promised new legislation to make companies criminally liable if they fail to stop their employees laundering money on clients» behalf.

Your employer files and pays their taxes quarterly, a portion of which is income they withheld from your paycheck on your behalf (if you are a W - 2 employee).

This type of IRA is established by employers to make tax - deductible contributions on behalf of eligible employees.

Employers who can make a tax - deductible contribution into an IRA for yourself and on behalf of your employees as a substantial tax - free fringe benefit.

What tax that you (the employer) have to send to the government (employer's share of Social Security and Medicare tax, Social Security and Medicare tax that you are supposed to have withheld from your employee's wages but didn't, income tax that you are supposed to have withheld from your employee's wages but didn't) has all been passed on to your employee to send to the government on your behalf.

But wait a minute: some of the money that you (the employee) got from your... hole employer (yourself) was Social Security and Medicare tax on the employer that you, the employee, are just passing on to the Social Security Administration on the employer's behalf.

These companies charge upfront fees of hundred or thousands of dollars for the employees of the company to take a look at your tax debt situation and often charge more fees for the work that they are claiming to perform on your behalf.

A special case is not paying the income tax that the company is supposed to be paying on behalf of its employees.

The survey does not specify whether health care premiums would be built into the personal income tax system or collected separately or whether employers would have to deduct and remit the premiums on behalf of their employees.

If an employer pays all or a portion of the tax - qualified LTCi premiums on behalf of an employee, the amount paid is deductible by the employer as a business expense.

If the professional tax is reimbursed or directly paid by the employer on behalf of the employee, the amount so paid is first included as salary income and then allowed as a deduction under section 16.

Other Benefits: This position is a part - time, W - 2 Position, in which a portion of taxes are paid on employees» behalf.

The employer is also required to deduct the employee's income tax at source and remit it to the CRA on behalf of the employee.