Paying employees is one of the biggest expenses for a company. Any company that has employees is required to withhold and pay payroll taxes. In addition to what you withhold from an employee, there are taxes that you as an employer must pay. The size of your business, where you are located, where your employees live and work; all of these things factor into what you must withhold from employee’s wages and what you must pay in as an employer. Understanding these things and knowing how much to withhold, how often to pay, where to pay can be difficult.
In this webinar, payroll expert, Debbie Cash, CPP will go over the different types of withholding that must be withheld from an employee’s paycheck. She'll discuss in detail how to determine what to withhold and how this can change as your business grows and liabilities increase. You will understand what to watch for and when to make changes to how and when you must pay. Details of what reports are to be filed and how often you file them will be included.
The types of employer taxes that must be paid are also important. Making sure you are in compliance and paying your employer’s share of the taxes is key. The IRS and State and Local Governments assess big fines and penalties if businesses do not pay properly. You want to avoid these liabilities as much as possible. This webinar will help you to better understand all types of payroll taxes and how to watch for signs to avoid payroll tax liabilities.
After attending the webinar:
Understanding payroll taxes is difficult. How do I know how much to withhold? How often do I pay? Which taxes do I withhold? Taxes are complex and making sure you are in compliance is very important. This is money that you are withholding from an employee’s wages and there are serious consequences for not paying these taxes. Fines and penalties can be assessed for companies who fail to pay taxes properly to the extent that their business can be shut down. As businesses grow and expand their liabilities can change. This often results in changes in how often they must pay. Not understanding this and knowing the rules of when to pay your taxes will result in notices and possible liens against your business. Laws constantly change and keeping up on payroll laws can be daunting.
Attending this webinar will give you the basic knowledge of what to look for, where to find information, and how to keep in compliance. You will have a better understanding of payroll taxes and how to avoid liabilities. Details of how to calculate taxes and what reports are required will be discussed along with how often they must be paid. Whether you are new to processing payroll taxes or you are the Owner trying to understand more about what you are paying you will want to attend and get a better understanding of the in’s and out’s of payroll tax withholding.