In this episode host Ryan McCostlin delivers tips for employer taxes. He breaks down what an employer’s tax responsibilities are including FICA requirements, employee withholding requirements, reporting income and reporting employment taxes through the employer’s quarterly federal tax return. Ryan also covers employer obligations for independent contractors, and employer tax forms like the W-9, I-9, W-2, W-4, Form 941, and Form 940. Along with the penalties for failing to pay taxes, dealing with state taxes and the different tax obligations for LLCs vs corporations.
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