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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Employee Tax?
What is Employee Tax?  

What is Employee Tax?


Employee Tax refers to the group of payroll taxes that constitute the total amount of funds an employer should withhold from wages of recruited personnel for social security tax and income tax. Employee tax is limited to expenses that are ordinary and necessary for a hired worker to carry out a particular profession. It is also the responsibility of a company’s accounts department to create the payroll and make necessary tax calculations regarding employee social security and corporate income.

Business organizations possessing employed staff are legally liable to withhold payroll taxes from employee wages and report about the amount of payroll taxes owed and paid. Usually business organizations are not obligated to withhold employee tax from salaries paid to independent contractors. In this regard, employee tax makes difference between employed personnel and independent contractors.

Non-profit organizations usually have some unique situations when addressing payroll and employee tax – all possible situations of non-profit payroll taxation are specific for every country and defined by existing legislation.


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