Business Owners Idea Cafe: Small Business Information, Resources & Tips
Small Business Tax Center
Small Business Ideas, Grants &
Plans to Start & Run a Business:

Small Business Grants
CyberSchmooz
Network in Cyberschmooz Community Ask Questions Questions and Answers Share Tips

Small Business Ideas People in Biz - Profiles
Business Advice from Idea Cafe Experts Coffee Talk with Experts

Starting A Business
Business Plan Biz Planning | Sample Plans
Small Business Ideas Idea Name Your Biz Name Plan Your Biz Plan Financing $ Starting a Business Do It!

Running your Business
Marketing Tips Marketing | Sales | Customers
Human Resources HR | Employees | Contractors
Legal Forms & Tax Information Legal | Biz Forms
Managing a Business Managing | Operations


Financing Resources Financing Your Business
E Commerce & Webhosting eCommerce

Take Out Info
Trade Publications FREE Trade Publications
Business Books Biz Books

Your Own Business
Small Business News Small Biz News
Gen X Biz Gen X Biz
Work at Home Work @ Home
Business Information The Fridge - Biz Info on Ice
Destress
Send Awards Send Awards & Greetings
Yoga At Your Desk Yoga @ Your Desk
Fun Guide Guide to Find FUN Online

About Idea Cafe
Press Idea Cafe has received Idea Cafe in the News
Idea Cafe's Kudos Kudos for Idea Cafe
Advertise on Idea Cafe Advertise on Idea Cafe
Privacy Policy Privacy Policy
Contact Idea Cafe Contact Idea Cafe
Link to Idea Cafe Link to/from Idea Cafe

Join Idea Cafe

Search Idea Cafe
Site Directory Site Map
SMARTpages.com Find a Business, Person, or
    Directions at SMARTpages

Online directory to business resources Biz Web Guide

If you’ll have employees, learn employer tax obligations

As an employer you’re required to withhold chunks from employee paychecks, plus you must pay other employer taxes -- and provide timely and proper reports to the IRS and various other federal and state agencies. It is imperative that you understand exactly what all is required.

Employer tax responsibilities are so complex and handling them right is so critical that you want your accountant’s blessing on how you go about this. And, preferably, you want their office to help you set up your employer tax system, whether it will be handled in-house at your company or coordinated with an outside payroll service provider.

Tip: Use an outside service to handle your company's payroll. Outside payroll services are available from your bank, your accounting software company or other providers for a modest fee. They handle the ongoing detailed paperwork for you 100% correctly -- cheaper and quicker than you could do it inhouse.

And there are added benefits you don't think about. Like whenever the government makes a change in something, your payroll service provider just takes care of it -- even if the change is retroactive! You won't have to pour over the government gobbledygook trying to understand what must change. Your payroll service has attorneys and CPAs who enjoy doing that much more than you ever will.

Where to get info about employer taxes

Since our focus here in on income tax issues, we won’t detail your employer tax responsibilities, but use these resources to familiarize yourself with what’s expected.

IRS Publication 15 (Circular E) Employer’s Tax Guide
When you glance at this 68-page manual, you will see why you asked your accountant about help.

Search for 15 via the drop-down for “Forms & Publications” on the IRS site.

IRS FAQs
You may like the more casual approach to this topic in IRS FAQs. This makes no claim to being totally comprehensive but does have answers to employer questions about reporting tips, mailing W-2s, providing benefits, day care, tuition reimbursement and much more.

IRS FAQ

State Employer Info
For corresponding state employer info, check with your state’s Department of Revenue (which may be called something else, like Board of Equalization). Use the handy links at:

State and Local Government on the Net

Your friendly local SBDC
Also check with your local Small Business Development Center (SBDC). One of their main goals of this Small Business Administration (SBA) program is to help small companies create more jobs in their region. So your SBDC may offer classes and other help for employers. You can find your closest SBDC by looking in the front of your phone book in the “government” pages, most likely listed within community colleges under public schools. Or you can click to SBDCs in your state or territory from this map:

Small Business Development Centers



DISCLAIMER: We have provided this information to give you a general introduction to tax issues. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Neither Idea Cafe Inc. nore any of its sponsors or advertisers make any representations or warrantees regarding this publication or its accuracy. In no event shall Idea Cafe Inc. or any of its sponsors, advertisers or affiliates be liable for damages, including incidental or consequential damages, in connection with or arising out of the performance or use of this publication. By utilizing this information, you are agreeing to our full terms of use.

Copyright 1995-, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc.