Is Social Security Tax Mandatory? Rules, Rates & Exemptions (2026)
Yes, Social Security tax is compulsory for nearly all workers in the United States. According to the Social Security Administration’s 2026 fact sheet, employees contribute 6.2% of wages, employers contribute 6.2% and self-employed workers contribute the entire amount 12.4% up to the 2026 wage base limit of $184,500. A very small number of categories of […]
Top 10 Functions of a Bookkeeper
Managing business finances isn’t just about tracking income and expenses—it requires accuracy, compliance, and efficiency. Many business owners struggle with maintaining proper financial records, leading to costly mistakes. This is where a bookkeeper plays a critical role.Whether you run a startup, a growing business, or an established company, understanding the Functions of a Bookkeeper will […]