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 Payroll Tax Forms 2024-2025

Net Profit Tax Return 2024-2025 Form

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In prior videos we learned how payroll  accountants calculate gross and net wages   and how general ledger accountants record payroll  expenses in the general journal. In this video,   we’ll talk about employer payroll taxes, reports  and forms. We’ll talk about Form 941, Employer’s   quarterly federal tax return, the frequency  with which employers must deposit the employee’s   withholdings for social security, Medicare, and  income taxes and the employer match for social   security and Medicare taxes. In addition, we’ll  learn about the year-end Forms W-2 and Form W-3.  As I mentioned in prior videos, accountants in  small companies wear many hats so to speak and it   is possible that the general ledger accountant is  also responsible for running the payroll, making   payroll deposits, and completing the payroll tax  returns. Just be sure that there are checks and   balances in place, even when the owner or manager  doesn’t insist on those doubl

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