Payroll obligations and taxes come in two different varieties: those that your employee pays but that you are responsible for withholding and those that you pay and are responsible for withholding. The key here is that, no matter what, you as the employer are responsible (liable) for the proper collecting and submitting of payroll taxes and that responsibility is a serious one. Payroll taxes cannot be discharged in bankruptcy and your Uncle Sam is the last bill collector that you would every want to cross. So be very careful in learning your responsibilities and making sure that they are fully met!
Payroll Taxes Small Business
Posted by iya.villa under TaxesFrom http://business.ezinemark.com 4913 days ago
Who Voted for this Story
Subscribe
“In the ever-evolving landscape of Search Engine Optimization (SEO),...”
“Rachel: Great to hear! Thanks for your kind words! :)
All the Best,
Martin...”
“Thank you, Martin. That's a fantastic motto... and I couldn't agree more!...”
“Lisa: Good to hear! Thanks for your response....”
“For sure, I know I did years ago when I was working for others....”
Comments