The consequences of willful failure to pay payroll taxes
ContentPreparation of reconciliation reportsStep by Step: Employer Tax ObligationsDepositing withheld taxes from employee’s compensationState-specific taxesFederal income taxFICA If you partner with a payroll service provider, handling payroll taxes might get easier. You can automate the FICA calculations, payments, and deductions usingpayroll software, thereby maintaining accuracy. Employers must report the taxes owed to the appropriate agency and employees as the law requires. The reports...
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