payroll taxes Guide

Federal Payroll Taxes Biweekly Section

Federal Payroll Taxes Biweekly Navigation


Taxes Guide Home Page
Tell A Friend about us
Where Does Payroll Taxes Go On Schedule C |
File 941 For Church That Doesn T Have Payroll Taxes |
Calculate Payroll Taxes Employees |
Payroll Taxes Business Plan Michigan |
Payroll Taxes In Terre Haute Indiana |
Nh Payroll Taxes |
Update For Payroll Taxes |
Mississippi Payroll Taxes |
Cpe Payroll Taxes Quickbooks |
Calculation For Payroll Taxes |
North Carolina Payroll Taxes |
Wisconsin Payroll Taxes |
Wisconsin Payroll Taxes |
Minnesota Payroll Taxes |
Nj Disability Taxes Maximum Deduction Amount From Payroll |

List of payroll-taxes Articles

Federal Payroll Taxes Biweekly Best seller

Buy it Now!

Best Federal Payroll Taxes Biweekly products

TurboTax - Choose Easy

Social bookmarking
You like it? Share it!
socialize it


Subscribe to our newsletter AND receive our exclusive Special Report on payroll-taxes
First Name:

Main Federal Payroll Taxes Biweekly sponsors



Welcome to payroll taxes Guide

Click here for Tax Liens Made Easy

Federal Payroll Taxes Biweekly Article

. For a permanent link to this article, or to bookmark it for further reading, click here.

Employer Payroll Taxes - The Importance of Paying


Are you planning on beginning your own business? If so, it is good to find things out about the business beforehand so that you do not make any costly rookie mistakes. After all, some people who begin fresh often lose their businesses if they do not handle things properly. Some even end up paying hefty fines and going to jail over their mistakes. To make sure this does not happen to you, you should learn as much as possible.

One of the things that you need to know very well is the taxes that you will need to pay. For example, most new business owners do not realize that they will have to pay some of the payroll taxes. They assume that it all just gets taken out of their employee’s paychecks. Well, that is wrong. In reality, your company is responsible for paying half of the FICA taxes. If you do not you could be in quite a bit of trouble. These are the employer payroll taxes that you must pay in order to be a legally sound company.

The FICA taxes are very specific. It is the employer payroll taxes for both social security and Medicare. When it comes to social security, you are allowed to withhold 6.2% of your employees’ earning. That portion will go toward paying that tax. Then it is up to you to pay an additional 6.2%. Essentially, that means that both you and the employee are taking equal responsibility in paying that tax. Then, with Medicare, you each pay 1.45% separately. In other words, your portion of the FICA employer payroll taxes will equal 7.65%. This is what your business is responsible for when it comes to all of your employees. You need to do this for each of them.

How much of the employer payroll taxes have a lot to do with how much you pay your employees and how many employees you have to begin with. The bigger your company is, the more you will pay in these taxes. This is necessary and a good thing for your company.

To make sure that you are paying the right money in employer payroll taxes and that you are taking the right amount of taxes out of your employees’ checks, you should use a combination of software programs and accountants. This is especially the case when you have a large company that has many employees. The more employees you have, the more likely you are to make a mistake with the calculations in regards to taxes. Since this can cause a lot of problems, it’s better to get them right the first time.

Christine Gray is a recognized authority on the subject of Online Taxes. Her website Taxes Exposed provides a wealth of information on everything you will need to know about Payroll Taxes. All rights reserved. Articles may be reprinted as long as the content and links remains intact and unchanged.

Other Federal Payroll Taxes Biweekly related Articles

Personal Liability For Corporate Payroll Taxes In Iowa
Understanding Michigan Payroll Taxes
Calculate Payroll Taxes
How To Calculate Payroll Taxes
Calculating Payroll Taxes

Do you want to contribute to our site : submit your articles HERE


Federal Payroll Taxes Biweekly News

No relevant info was found on this topic.