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Payroll Taxes - Your Employee Tax ObligationsI won't get too involved on this tax topic. There is so much involved. This is a very brief outline of a few items you not be aware of. If you have employees, you are responsible for paying various federal, state, and local taxes. Some of these apply to employers, some are levied upon employees, and some apply to both. You are also responsible for the timely payment or deposit of any employment taxes that are withheld or that you are responsible for paying as an employer. As an employer you should be familiar with the following payroll taxes: Withholding Taxes (Federal, state and local) Social Security Taxes Federal Unemployment Taxes State Unemployment Taxes A more thorough discussion of your employee tax obligations as a business owner can be found on the IRS' business pages . (( http://www.irs.gov/businesses/index.html )) See you right back here tomorrow. Suzie Suzie's Business Blog Consumers Education Posted: Sunday 8th 12:05 AM |