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Why are Companies Required to Perform Payroll Withholding?

Billah and Associates

You are responsible for paying them when you have employees—but only after deducting payroll taxes. The IRS requires payroll tax withholding , the Social Security Administration ( SSA ), and the state and municipal governments (where applicable). Payroll tax deductions are required. Withholding of state income taxes.

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Managing Finances and Accounting in Singapore’s Beauty and Spa Industry

Counto

Implement a Deposit System For Larger Services: Introduce a deposit requirement for high-value services or group bookings. Manage No-Shows: Deposits help reduce financial losses from cancellations or no-shows. From multicurrency accounting to tax filing, Counto handles it all—with unlimited transactions.

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Bank Feed Integration in Accounting: Why it Matters for Small Businesses

Counto

Bank feed integration allows your bank transactions deposits, payments, transfers to sync directly into your accounting platform. This leads to more accurate books and less stress during tax season. Heres why bank feed integration matters, and how it can improve your day-to-day operations. What is Bank Feed Integration?