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Payroll Tax

28th April 2010
By Tax Attorney in Taxes
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Payroll Tax

As a business owner, are all your payroll tax obligations being met? Are you delinquent in paying these quarterly taxes? Instant Tax Solutions (ITS) can take control your tax problems, expediting them to resolution.

"Payroll Tax" refers to two types of taxes business owners must pay:

* Withholding Taxes - Employers are required by law to withhold a certain portion of an employee's income and match some of these contribution as well. They are directly related to the costs of employing an hourly or salaried worker.

You need a qualified tax attorney to help you resolve your tax debt now and protect your financial future.
Payroll Tax

* How To Understand IRS 941 Taxes
* Knowing About Federal Payroll Tax
* The Ins-And-Outs of IRS Payroll Tax
* Understanding State Payroll Tax Information
* What Are Federal Payroll Taxes And How They Benefit You
* What Is an IRS 940 Tax Form?
* What is an IRS 941 Tax Form?

What is FICA?

The employee must pay this tax in every paycheck, and the employer must provide an equal amount. Failure to submit your company's quarterly federal payroll taxes will bring aggressive action from the IRS, threatening the possible loss of your business. Without a skilled tax professional working on your behalf, you can miss the opportunities available to you.

Unemployment Taxes

Every employer must also pay both state and federal taxes for Unemployment Benefits on each employee. It is extremely important for an employer to keep accurate, updated payroll information. Delaying payroll tax debt repayment will only result in escalating penalties and fines. It is imperative that you have a competent tax professional on your side.
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