Payroll Taxes

Business Tax Solutions

When you are running your own business, it is important that you understand the procedures of Fort Worth payroll tax preparation and pay the proper amounts to the IRS. If you are unsure you are paying the correct amounts on your payroll taxes, please give us a call. 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.

Fort Worth Payroll Tax 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 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 Fort Worth payroll tax preparation, give Don R. Walker a call today. We will provide you with the resources you need for payroll tax help to keep your business running smoothly.