Payroll Taxes

Your employer might issue you a bonus check during specific times of the year. Sounds great, right? It can be, depending on how the taxes are handled. more »

Whether you are an employer or a self-employed person, you must know how to pay payroll tax throughout the year. As an employer, you are responsible to file a 941 form with your payroll taxes quarterly. The state taxes are submitted to the state agency quarterly as well. Self-employed individuals can pay estimated taxes quarterly if... more »

Payroll tax deductions are levied on nearly all working people in the United States. Known as the Federal Insurance Contributions Act, this law provides for part of the income to fund certain federal programs. The deductions either come directly out of a person's paycheck or are paid to the IRS when filing a tax return. The law is... more »

As an employer, you are responsible for paying state and federal payroll taxes on behalf of your employees. Some payroll taxes, such as income taxes and FICA (Social Security and Medicare) you withhold from your employees. Others, such as FUTA and SUTA, are taxes that you must pay. When figuring out your employees' tax obligations,... more »

A contract employee is an individual engaged by a business to provide a specific set of services. An employer-employee relationship is established pursuant to the terms and conditions of a written employment contract. The contract delineates the length of employment, the salary and bonuses (if any) to be paid, and the other benefits... more »