Payroll and payroll taxes are confusing, and laws change depending on your type of business and where you are located. This article is designed to take you through the basics of paying employees, setting up a payroll system, and complying with federal, state, and local laws regarding payroll taxes. By the time you have worked your way through this step-by-step article, you should have a good basic understanding of payroll and payroll taxes, and you will find many resources along the way.
Before you can begin to deal with payroll and payroll taxes for your business, you first should understand some of the common concepts and terms relating to payroll/payroll taxes. Review these articles for more information on:
- Payroll Terms You Should Know
- Sorting Out Those Confusing Payroll Terms
- And, in particular, you should know the difference between the terms "payroll taxes" vs. "employment taxes."
The information in this article and on this site is intended to be general in nature and is not tax or legal advice. Each business situation is different and federal and state laws change. Be sure to consult with your business financial advisors before you make important decisions regarding payroll and payroll taxes.