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Employment Tax Consulting Gorham ME

This page provides useful content and local businesses that can help with your search for Employment Tax Consulting. You will find helpful, informative articles about Employment Tax Consulting, including "Employment Taxes - What are They?". You will also find local businesses that provide the products or services that you are looking for. Please scroll down to find the local resources in Gorham, ME that will answer all of your questions about Employment Tax Consulting.

Nathaniel R. Hull
(207) 253-4726
25 Granite St., #1
Portland, ME
Specialties
Tax, Commercial
State Licensing
Massachusetts

Steven R. Gerlach
(207) 774-1200
100 Middle Street
Portland, ME
Specialties
Tax, Estate Planning
Education
University of Maine School of Law,University of Rochester
State Licensing
Maine

Karen B. Lovell
(207) 228-7237
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Tax, Estate Planning
Education
University of Maine School of Law,University of Michigan
State Licensing
Maine

Eliza Cope Nolan
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Real Estate, Tax, Estate Planning
Education
Northeastern University School of Law,Brown University
State Licensing
Maine

David Gregory Coolidge
(207) 253-4810
One Portland Square
Portland, ME
Specialties
Employee Benefits, Health Care, Tax
State Licensing
Virginia

Nathaniel R. Hull
(207) 253-4726
25 Granite St., #1
Portland, ME
Specialties
Tax, Commercial
State Licensing
Massachusetts

Elizabeth A. Burns
(207) 774-1200
100 Middle Street
Portland, ME
Specialties
Tax, Estate Planning
Education
University of Maine School of Law,University of Rochester,University of Rochester
State Licensing
Maine

James A. Houle
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Tax, Estate Planning, Employment
Education
Boston University School of Law,University of Maine School of Law,Boston College,University of Massa
State Licensing
Maine

Leonard M. Nelson
(207) 774-1200
100 Middle Street, West Tower, PO Box 9729
Portland, ME
Specialties
Business, Tax, Estate Planning
Education
Harvard University Law School,Harvard College
State Licensing
Maine

Christopher S. McLoon
(207) 253-4536
One Portland Square
Portland, ME
Specialties
Business, Tax, Partnership
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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