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Employment Tax Consulting Goffstown NH

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Lyndsee D. Paskalis
(603) 627-8165
1000 Elm Street, 17th Floor
Manchester, NH
Specialties
Land Use & Zoning, Immigration, Tax
State Licensing
Massachusetts

William J Donovan
(603) 627-8138
1000 Elm St
Manchester, NH
Specialties
Health Care, Real Estate, Tax
State Licensing
Massachusetts

Kenneth A. Viscarello
(603) 627-8126
32 TRENTON ST
MANCHESTER, NH
Specialties
Construction, Tax, Real Estate
State Licensing
Massachusetts

Jessica A Lamb
(603) 627-8295
1000 Elm Street, PO Box 3701
Manchester, NH
Specialties
Health Care, Corporate, Tax
Education
New England School of Law,University of New Hampshire
State Licensing
Massachusetts, New Hampshire

Louis Dmytro DeMato
(603) 628-1485
900 ELM STREET PO BOX 326
MANCHESTER, NH
Specialties
Business, Tax, Mergers & Acquisitions
State Licensing
Massachusetts

James V Hatem
(603) 628-4062
900 Elm Street, 14th Floor
Manchester, NH
Specialties
Insurance, Health Care, Tax
State Licensing
Massachusetts

Wilbur Anderson Glahn III
(603) 628-1469
900 Elm Street
Manchester, NH
Specialties
Litigation, Tax, Employment
State Licensing
Massachusetts

Jessica A Lamb
(603) 627-8295
1000 Elm Street, PO Box 3701
Manchester, NH
Specialties
Health Care, Corporate, Tax
Education
New England School of Law
University of New Hampshire
State Licensing
Massachusetts, New Hampshire

John Edward Hughes
(603) 628-1347
900 Elm Street
Manchester, NH
Specialties
Estate Planning, Business, Tax
State Licensing
Massachusetts

James T Cain
(603) 627-8239
1000 Elm Street
Manchester, NH
Specialties
Estate Planning, Trusts, Tax
State Licensing
Massachusetts

Employment Taxes - What are They?

Employment Taxes - What Are They?

Small business owners often start and run their businesses by themselves. As the business grows, employees are eventually hired to help with the increased work. Of course, the business owner then has to figure out employment taxes.

If you have employees, you are responsible for paying a variety of taxes at the federal, state, and local levels. You must also withhold certain taxes from the paychecks of your employees. So, what are employment taxes?

Employment taxes include the following.

1. Federal income tax withholding

2. Social Security and Medicare taxes

3. Federal unemployment tax (FUTA).

You generally must withhold federal income tax from wages paid to an employee. Form W-4 is used to determine the specific amount, although most payroll services or your accountant will do this for you.

Social security and Medicare taxes pay for benefits that workers and families receive under the Federal Insurance Contributions Act (FICA). Social security tax pays for benefits for the retired, survivors, and disability insurance distribution provisions of FICA. Medicare tax pays for benefits under the medical care provisions of FICA. As an employer, you must withhold a percentage of these taxes from employee and match the withholding amount.

In general, you must deposit these taxes by check or cash to an authorized financial institution, typically your bank. Check with your tax professional to make sure you are not required to use the ...

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