Why FICA is a 4-Letter Word for Small Businesses

January 17, 2018 Michelle Mire

FICA is a four-letter acronym — short for Federal Income Protection Act. One of the impacts of this act on small businesses is that it requires that employers withhold (deduct) specific amounts for Social Security and Medicare from their employees' paychecks. This has to happen every time payroll is processed, which can be a challenge to administer, as we delve into in this article, written for Small Business Bonfire

About the Author

Michelle Mire

Blogmaster, content creator and inbound marketing guru at Wagepoint, Michelle enjoys simplifying complex payroll topics and generating articles with actionable advice for small businesses and startups. When not at the keyboard, she enjoys chocolate, running and quality television (not always in that order).

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