When you are running your own business, it is important that you understand the procedures of payroll tax preparation in Fort Worth, TX and pay the proper amounts to the IRS. If you aren’t sure that you are paying the correct amounts on your payroll taxes, please give us a call at 817-905-1040. As with all business tax solutions, a CPA is the best-qualified individual to help you with payroll taxes. We can help you learn about the proper paperwork, documentation, and filing procedures you need to follow in order to stay in compliance with the IRS. Don R. Walker, C.P.A. is the place to call when you need reputable CPA services for your business.
Payroll Tax Preparation and Services
Payroll taxes are imposed on employers and employees. There are two main sections of payroll taxes:
- Employee Wage Deductions: This payroll tax covers the advance payment of income tax, social security contributions, and other various insurances. This tax is also referred to as withholding tax, pay-as-you-earn tax, and pay-as-you-go tax. If you need help understanding what amounts should be deducted from your employee’s paycheck for payroll taxes, please give us a call.
- Employer Paid Taxes on Employee’s Wages: This tax is paid in direct relation to employing a worker. This is a fixed taxation and is linked to the amount of pay an employee receives. Since it can be hard to navigate what laws and rules apply to your business, seeking the aid of a CPA can be beneficial to ensure you are paying the proper amounts.
If you do not know the rules and regulations for your business’ payroll taxes and you are uncertain if you have been handling them properly, please seek assistance for payroll tax preparation for your Fort Worth, TX business as soon as possible. We can sit down with your books and look into everything for you to make sure you are safe from being audited. Unpaid payroll taxes will catch up to you and can result in damaging IRS liens and levies. If your payroll taxes are not handled properly, it can result in costly fees, fines and possible seizure of your assets by the IRS.
For all questions about payroll tax preparation in Fort Worth, TX, give Don R. Walker, C.P.A. a call today at 817-905-1040. We will provide you with the resources you need for payroll tax help to keep your business running smoothly.