IRS Publication 15, also known as Circular E, serves as a comprehensive guide for employers, providing essential information on tax withholding, payroll procedures, and employer responsibilities. This valuable resource, released annually by the Internal Revenue Service (IRS), outlines the latest tax withholding tables, tax rates, and various compliance requirements. Circular E is an indispensable tool for businesses of all sizes, offering clear instructions on calculating federal income tax, Social Security, and Medicare taxes from employees' wages. Employers can find guidance on reporting requirements, filing forms such as Form W-2, and staying up to date with any changes in tax laws. Whether you're a seasoned HR professional or a small business owner, IRS Publication 15 is an invaluable reference for ensuring accurate payroll practices and compliance with federal tax regulations.
See Also:
Comments