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Payroll Expense Tax FAQs Form

Payroll Expense Tax FAQs Form

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Instructions and help about pgh et 1

if you're new to business it can be easy to think that payroll starts and stops at issuing checks to your employees but this isn't the case in today's video we'll be going over the payroll tax obligations business owners with employees need to be aware of form 941 is the employer's quarterly tax return that employers have to file at the end of april july october and january this return reports the number of employees that you had for that quarter as well as their wages and the withholdings for federal income tax form 941 also reports both the employee and employer share of fica taxes which are for social security and medicare these taxes should match up to the payroll tax deposits that were emitted throughout the quarter the next thing we're going to look at is state unemployment depending on what state you're in you'll have to file a quarterly unemployment report which is due at the same times as 9 41. for example if you're in texas then you would go to the texas workforce commission

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