Tax Tools
Payroll Tax Estimator
Review directional payroll tax exposure for compensation planning, hiring scenarios, and employer cash flow discussions.
Input Panel
Assumptions & Disclaimer
- Simplified FICA estimate only.
- Does not include federal withholding, FUTA, SUTA, benefits, workers compensation, or local payroll taxes.
These tools provide preliminary estimates for informational purposes only and do not constitute tax, accounting, legal, investment, or financial advice. Results may vary based on facts, elections, deductions, credits, state and local rules, entity structure, financing terms, and other considerations. Consult Covault or another qualified advisor before making decisions based on these estimates.
Results Panel
Employee Social Security
$620
Employee Medicare
$145
Additional Medicare
$0
Employee FICA
$765
Employer FICA
$765
Combined payroll tax
$1,530
Advisory Review
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Future Enhancements
TODO: add PDF export, saved scenarios, client portal integration, CRM/email integration, AI-assisted explanation of results, state tax calculations, multi-year tax planning, and QBO/client data integration.