Small Business Tax Filings – Everything You Need to Know to Avoid IRS Penalties!
LyfeAccounting
NOVEMBER 4, 2020
Similar to employees, payroll taxes such as Medicare and social security should be withheld and paid on every paycheck. So essentially, you would be paying self-employment taxes with every paycheck but only on the salary you would be paying yourself. These Forms tell the IRS how you have withheld and paid in payroll taxes.
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