Payroll
​Federal Income Tax Withholding Social Security Tax Withholding Medica
- 1 hr1 hour
- 39.99 US dollars$39.99
- Online Session
Service Description
The U. S. income tax system requires employers to withhold payroll taxes from their employees' gross salaries and wages. The withholding of taxes and other deductions from employees' paychecks affects the employer in several ways: (1) it reduces the cash amount paid to employees, (2) it creates a current liability for the employer, and (3) it requires the employer to remit the withheld taxes to the federal and state government by specific deadlines. Failure to remit payroll taxes in a timely manner results in interest and penalties levied on the employer; flagrant violations trigger more severe consequences.
Upcoming Sessions
Contact Details
973-810-6830
info@knhfinancialsllc.com
8 Lombardy Street, Newark, NJ, USA Suite 501