Nexen Consulting

Nexen Consulting Nexen Consulting services provides both IT Staffing and Tax filing services

03/13/2026

File your taxes with NEXEN, before April 15

Starting in 2025, the cap on state and local tax (SALT) deductions increases from $10,000 ($5,000 for married couples fi...
03/10/2026

Starting in 2025, the cap on state and local tax (SALT) deductions increases from $10,000 ($5,000 for married couples filing separately) to $40,000 ($20,000 for separate filers). If your 2026 property taxes have already been assessed, prepaying them in 2025 could help you maximize your 2025 deduction. But keep in mind that the cap is reduced for taxpayers with modified adjusted gross incomes over $500,000 ($250,000 for separate filers). Let us help you determine how to incorporate the increased SALT deduction limit into your tax planning.

📘 Payroll Tax Calculation Worksheet(For One Employee – Single Payroll Period)Step 1: Gross Pay CalculationDescriptionAmo...
03/08/2026

📘 Payroll Tax Calculation Worksheet
(For One Employee – Single Payroll Period)
Step 1: Gross Pay Calculation
Description
Amount ($)
Regular wages
______
Overtime wages
______
Bonus / Commission
______
Total Gross Pay
A = ______

Step 2: Pre-Tax Deductions
Deduction
Amount ($)
401(k) contribution
______
Health insurance
______
HSA / FSA
______
Other pre-tax
______
Total Pre-Tax Deductions
B = ______

Taxable Wages (Federal Income Tax & F**A)
Step 3: Employee Payroll Tax Withholding
1️⃣ Federal Income Tax (FIT)
Use IRS withholding tables (based on Form W-4).

FIT = ______
2️⃣ Social Security Tax
Rate: 6.2%
Wage base limit applies annually
= ______

3️⃣ Medicare Tax
Rate: 1.45%
No wage limit
= ______

4️⃣ Additional Medicare Tax (if applicable)
0.9% on wages over $200,000 (employee only)
= ______

Step 4: Total Employee Withholding
= ______

Step 5: Employer Payroll Tax Expense
Employer matches:
Tax
Amount ($)
Social Security (6.2%)
______

Medicare (1.45%)
______

FUTA (0.6% typical effective rate)
______

State Unemployment (varies)
______

Total Employer Payroll Tax
D = ______

Step 6: Net Pay
= ______

🔎 Worked Example
Employee earns $5,000 (biweekly)
No pre-tax deductions.

Taxable wages = $5,000
Social Security = $5,000 × 6.2% = $310
Medicare = $5,000 × 1.45% = $72.50
FIT (example) = $600
Total Employee Taxes = $982.50
Employer Match:
SS = $310
Medicare = $72.50

Total Employer Cost = $382.50
Total payroll cost to employer =
$5,000 + $382.50 = $5,382.50.

📊 How This Connects to Form 941
Quarterly totals include:
Line 2 → Total wages
Line 3 → Federal income tax withheld
Line 5a → Social Security wages
Line 5c → Medicare wages
Line 12 → Total tax liability




Did you know?Many taxpayers qualify for deductions and credits they may not realize they are eligible for.Understanding ...
03/06/2026

Did you know?
Many taxpayers qualify for deductions and credits they may not realize they are eligible for.
Understanding the tax code and maintaining accurate financial records can significantly improve your filing process.
Our team at Nexen Consults focuses on helping clients navigate their U.S. tax and bookkeeping needs efficiently.

Stop stressing over tax forms. ☕️📖April 15th always arrives faster than you think. Why spend your weekends digging throu...
01/19/2026

Stop stressing over tax forms. ☕️📖

April 15th always arrives faster than you think. Why spend your weekends digging through receipts when you can leave it to the pros?

At Nexen Consulting, we make filing your taxes simple, secure, and smart. We help you find every deduction you’re entitled to so you can keep more of what you earn. 💸

Why Nexen? ✨ Expert guidance for individuals & businesses ✨ Accurate, on-time filing ✨ Peace of mind guaranteed

Ready to check “Taxes” off your to-do list? 📝

🔗 DM for inquiries 📥

FinancialFreedom FileTaxes

🔍 Need an ITIN? We’re Here to Help.At Nexen Consulting, we provide reliable and hassle-free ITIN (Individual Taxpayer Id...
12/22/2025

🔍 Need an ITIN? We’re Here to Help.

At Nexen Consulting, we provide reliable and hassle-free ITIN (Individual Taxpayer Identification Number) assistance to help individuals stay compliant with U.S. tax regulations.

Whether you’re applying for a new ITIN or renewing an existing one, our experienced tax professionals ensure:
✔ Accurate documentation
✔ Smooth application process
✔ Compliance with IRS guidelines
✔ Timely support from start to finish

We simplify complex tax procedures so you can focus on what matters most.

📩 Reach out to Nexen Consulting today to get started with confidence.

IRS TaxProfessionals

12/22/2025

Plan Ahead. File Smarter. Save More.

At Nexen Consulting, we believe smart tax filing starts before the W-2 arrives.

Introducing our ATP – Advance Tax Planning Program 🇺🇸
If you haven’t received your W-2 yet, no problem.

With just your last 3 months’ pay stubs, our experts will provide you a FREE draft tax estimation—helping you:
✔ Understand your expected refund or liability early
✔ Plan payments or savings in advance
✔ Avoid last-minute surprises during tax season

Early planning leads to better outcomes.
Let us help you stay prepared and confident this tax season.

📩 Message us to get started
🔒 Accurate | Confidential | IRS-Compliant

🔍 Need an ITIN? We’re Here to Help.At Nexen Consulting, we provide reliable and hassle-free ITIN (Individual Taxpayer Id...
12/17/2025

🔍 Need an ITIN? We’re Here to Help.

At Nexen Consulting, we provide reliable and hassle-free ITIN (Individual Taxpayer Identification Number) assistance to help individuals stay compliant with U.S. tax regulations.

Whether you’re applying for a new ITIN or renewing an existing one, our experienced tax professionals ensure:
✔ Accurate documentation
✔ Smooth application process
✔ Compliance with IRS guidelines
✔ Timely support from start to finish

We simplify complex tax procedures so you can focus on what matters most.

📩 Reach out to Nexen Consulting today to get started with confidence.

⏰ Advanced tax planning season is here.Nexen Consulting helps you cut liabilities and boost savings—before deadlines hit...
12/10/2025

⏰ Advanced tax planning season is here.
Nexen Consulting helps you cut liabilities and boost savings—before deadlines hit.
Start planning smarter. 👇
https://www.nexenconsults.com/

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1275 MERCHANTS Drive
Dallas, GA
30132

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