Understanding your obligations surrounding employee taxes is crucial for operating a successful business, whether you're an employer or an aspiring entrepreneur. In this episode, we explore the four primary types of employee taxes: • Federal and State income tax Withheld by employerEmployer responsible for submitting• FICA Funds Social Security and MedicareEmployer responsibility is 7.65%• FUTA Federal unemployment taxPaid by employer to fund state unemployment programs• State Un...
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Understanding your obligations surrounding employee taxes is crucial for operating a successful business, whether you're an employer or an aspiring entrepreneur. In this episode, we explore the four primary types of employee taxes: • Federal and State income tax Withheld by employerEmployer responsible for submitting• FICA Funds Social Security and MedicareEmployer responsibility is 7.65%• FUTA Federal unemployment taxPaid by employer to fund state unemployment programs• State Un...
The Stark Law prohibits physicians from referring patients to entities in which they have a financial interest to prevent financial incentives from driving medical decision-making. The Anti-Kickback Statute prohibits the exchange of anything of value in exchange for referrals for services. Examples of Stark Law violations:A cardiologist refers patients to a diagnostic testing facility in which he has a financial interest. A physician is found to be billing Medicare for services prov...
The Private Medical Practice Academy
Understanding your obligations surrounding employee taxes is crucial for operating a successful business, whether you're an employer or an aspiring entrepreneur. In this episode, we explore the four primary types of employee taxes: • Federal and State income tax Withheld by employerEmployer responsible for submitting• FICA Funds Social Security and MedicareEmployer responsibility is 7.65%• FUTA Federal unemployment taxPaid by employer to fund state unemployment programs• State Un...
