1. Business & Finance

Payroll and Employment Taxes - Paying and Reporting

Paying employees, reporting payments and tax obligations, and paying tax entities are the primary requirements for employers. This section provides information on how to pay employees, report to taxing entities, and submit payroll taxes.
  1. End-of-Year Payroll Tax Reports (20)
  2. FICA Taxes (7)
  3. Federal Tax Payment System (4)
  4. Payroll Tax Basics (9)
  5. Payroll Tax Processing (11)

What Wages Are Used to Calculate Withholding?

The wages used to calculate withholding for federal income tax (FIT) and FICA taxes (Social Security and Medicare taxes) can be different from total wages, because some wages are excluded from this calculation. Included is a brief list of wages excluded from withholding calculations.

What is the Payroll Tax Cut Program for 2011 and 2012?

Background on the 2011 payroll tax cut and the 2012 payroll tax cut, which reduces Social Security withholding for employees by 2%, to stimulate spending.

Payroll Taxes

Payroll Taxes are federal income taxes withheld from employee pay and Social Security/Medicare (FICA) taxes withheld from employees and also paid by employers.

Making Payroll Tax Deposits

Describes the process of making payroll tax deposits

How Do I Pay My Payroll Taxes?

As a business owner, you have several ways to pay your employment taxes. Here are your options.

April 17, 2012 - Three Business Taxes Due

April 18, 2011 - triple tax day with three different taxes due: small business taxes on Schedule C along with personal return, estimated taxes for small business owners, and March payroll tax deposit must be made by April 18 for monthly payers.

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