Paying employees is one of the biggest expenses for a company. Any company who has employees is required to withhold and pay payroll taxes. In addition to what you withhold from an employee there are taxes that you as an employer must pay. The size of your business, where you are located, where your employees live and work; all of these things factor into what you must withhold from employee’s wages and what you must pay in as an employer. Understanding these things and knowing how much to withhold, how often to pay, where to pay can be difficult.

In this course we will go over the different types of withholding that must be withheld from an employee’s paycheck. We will discuss in detail how to determine what to withhold and how this can change as your business grows and liabilities increase. You will understand what to watch for and when to make changes to how and when you must pay. Details of what reports are to be filed and how often you file them will be included.

The types of employer taxes that must be paid are also important. Making sure you are in compliance and paying your employer’s share of the taxes is key. The IRS and State and Local Governments assess big fines and penalties if businesses do not pay properly. You want to avoid these liabilities as much as possible. This course will help you to better understand all types of payroll taxes and how to watch for signs to avoid payroll tax liabilities.

What would be new or different in your training or this topic?

I will go into details of Payroll Tax Withholding including all the different types of taxes. This includes details of how to determine what State to pay Unemployment taxes to understanding wage bases of Unemployment taxes.

This course covers the basics of Payroll tax withholding such as Federal income taxes including State and local income taxes. It also includes examples of tax withholding deposits and the filing frequencies. Details of what happens when liability increases or decreases and how to handle it when this happens.

Helpful websites will be shared to give you guidance on how to handle multiple situations.

What will the attendees learn?

• You will learn and understand what taxes must be withheld from employees.
• Understanding of employer taxes and your responsibilities.
• What to watch for when liabilities increase and how to adjust payments to avoid fines and penalties.
• What reports to file along with when and where to file them.

Session highlights

• Federal Income Tax Withholding
• FICA and Medicare Tax
• State Taxes
• Local Taxes
• Unemployment Taxes-Both State and Federal

Why should the audience attend it?

Understanding payroll taxes is difficult. How do I know how much to withhold? How often do I pay? Which taxes do I withhold? Taxes are complex and making sure you are in compliance is very important. This is money that you are withholding from an employee’s wages and there are serious consequences for not paying these taxes. Fines and penalties can be assessed for companies who fail to pay taxes properly to the extent that their business can be shut down.

As businesses grow and expand their liabilities can change. This often results in changes to how often they must pay. Not understanding this and knowing the rules of when to pay your taxes will result in notices and possible liens against your business. Laws constantly change and keeping up on payroll laws can be daunting. Attending this course will give you the basic knowledge of what to look for, where to find information, and how to keep in compliance. You will have a better understanding of payroll taxes and how to avoid liabilities. Details of how to calculate taxes and what reports are required will be discussed along with how often they must be paid. Whether you are new to processing payroll taxes or you are the Owner trying to understand more about what you are paying you will want to attend and get a better understanding of the in’s and out’s of payroll tax withholding.

Who should attend?

• Payroll Professionals
• Owners
• Tax Professionals
• Bookkeepers
• Managers

Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.