IRS Question: CO
I have a small business and hired my first employee in mid November. Paid him around $900 total in 2017. I deducted 6.2% for SS and 1.45% for Medicare. TurboTax is assisting with the W2. I'm just unclear about if I have to send an additional for to the IRS (like a 944) and how to pay the SS/MC tax I withheld along with the half I am required to pay. Can anyone respond about what someone in my situation is required to do?
For 2018, I began using an online payroll service that will take care of all taxes, forms and tax payments required by all parties.
Thanks!!
I have a small business and hired my first employee in mid November. Paid him around $900 total in 2017. I deducted 6.2% for SS and 1.45% for Medicare. TurboTax is assisting with the W2. I'm just unclear about if I have to send an additional for to the IRS (like a 944) and how to pay the SS/MC tax I withheld along with the half I am required to pay. Can anyone respond about what someone in my situation is required to do?
For 2018, I began using an online payroll service that will take care of all taxes, forms and tax payments required by all parties.
Thanks!!