One of a company's largest expenses is paying its personnel. Payroll taxes must be paid by all businesses with employees, including withholding taxes. As an employer, you have additional taxes to pay on top of what you deduct from an employee's paycheck. What you must deduct from employees' earnings and what you must pay in as an employer depends on a number of factors, including the size of your company, where you are located, and where your employees live and work. It might be challenging to comprehend these concepts and to choose how much to withhold, when to pay, and where to pay?
We will discuss the many forms of withholding that need to be deducted from an employee's salary in this webinar. We will go into great depth on how to decide what to withhold and how this can alter as your company expands and your responsibilities rise. You'll know what to look out for and when to adjust the terms of your payment obligations. There will be information about the reports that need to be filed and how frequently they should be filed.
It's also crucial to pay attention to the different kinds of employer taxes. The important thing is to make sure you are paying your employer's part of taxes and staying in compliance. Businesses that fail to make payments on time face severe fines and penalties from the IRS as well as state and local governments. You want to stay as far away from these responsibilities as you can. You will have a better understanding of payroll taxes in general as well as how to recognize warning signals that could indicate that you don't owe payroll taxes.
Speaker will look into Payroll Tax withholding in detail, covering all the various tax kinds. This covers everything from the specifics of figuring out which state to pay unemployment taxes to an explanation of the wage basis for unemployment taxes.
The fundamentals of payroll tax withholding, including federal, state, and local income taxes, are covered in this webinar. Examples of tax withholding deposits and filing frequency are also included. Information about the specifics of what happens and how to address it when liability changes.
We'll share useful resources with you to help you manage a variety of scenarios.
Why should you attend?
Areas covered in the session:
Why should you attend:
Payroll taxation is hard to understand. How can I determine how much to keep back? When do I make my payments? Which taxes are I holding back? Because taxes are complicated, it is crucial that you make sure you are in compliance. You are deducting this amount from an employee's compensation, and failing to pay these taxes will have grave repercussions. Companies who fail to pay taxes on time may face fines and penalties that could lead to the closure of their business.
Businesses' liability may alter as they develop and grow. The frequency of their payments is frequently adjusted as a result. If you don't know this and when to pay your taxes, your firm may receive letters and even have liens placed against it. Laws are always changing, so it can be difficult to stay current on payroll laws. You will gain a basic understanding of what to look for, where to find information, and how to maintain compliance by attending this webinar. You'll know more about payroll taxes and how to stay out of trouble. We'll talk about the specifics of tax calculation, mandatory paperwork, and the frequency of payment. You should attend to gain a better grasp of the ins and outs of payroll tax withholding, regardless of whether you are new to processing payroll taxes or you are the owner attempting to learn more about what you are paying.
Who should attend this?
Payroll Professionals, Owners, Tax Professionals, Bookkeepers, Managers
Debbie Cash is an American Payroll Association Certified Payroll Professional. She has worked in the payroll and tax industry for more than thirty years. At G&A Partners, She oversee TLM implementation as of right now. She was Employer Advantage LLC's Time and Labor Manager before that. She began working as a Payroll Tax Specialist at Employer Advantage. For small enterprises, G&A Partners is a Professional Employer Organization (PEO) that provides payroll, HR, benefits, risk, and accounting services. In February 2022, they purchased Employer Advantage, a PEO. She started working for the company in 2006. She graduated from MSSU in 1985 with an associate's degree in accounting and in 2006 with a bachelor's degree in general business. In October of 2006, She earned my Certified Payroll Professional certification. She has been processing payroll and payroll taxes for different firms and professions for more than thirty years.
From 1993 to March 2006, She was employed at Missouri Southern State University as a payroll specialist. She was an International Tax for Student Visa specialist when She went to the International Tax Conference in Wisconsin in 2005. From 1990 to 1993, She was employed by the Joplin R-8 School District as well.
