Your obligation to withhold and pay payroll taxes primarily arises upon your payment of wages to your employees. ... |
Occasionally, you may pay workers to do work that does not promote or advance your business. For example, during a slow business period you may pay an employee to do some work around your home. Or, ... |
Once you've determined that your workers are taxable employees, you may have obligations for the following payroll taxes: |
Whenever you pay wages or other compensation to an employee, you can assume that the IRS will expect you to collect ... |
Your obligation to withhold federal income tax from your employees' wages extends to each separate wage payment that you make. For instance, it's improper ... |
The total federal income tax that you withhold from an employee's wages during the year is supposed to approximate the employee's year-end tax liability. |
If you do business in a state that imposes a personal income tax, you can add the withholding of the state tax to your list of payroll tax responsibilities. The states that don't impose a ... |
Click on your state on the map below for general information about its income tax withholding requirements. The nine states that are unshaded are the states that do not impose a personal income tax. |
If you only do business in one state and all of your employees are residents of that state, your state income tax withholding obligations will be quite simple. However, complexities can arise once ... |
The Federal Insurance Contributions Act (FICA) is a federal law that requires you to withhold two separate taxes from the |
