IRS Small Business Taxes – Employees and Payroll Taxes Brief Description: As you start adding employees in your business it is crucial that you are aware of and follow the IRS requirements for calculating payroll taxes and making tax payment deposits. This workshop delivered by IRS Enrolled Agents is geared to ensure that you have the information you need to make informed decisions as you manage your employees and payroll taxes. Participants will learn how to make the distinction between employees and independent contractors, how to calculate payroll withholding and unemployment taxes, and how to make tax deposits. Learning Objectives: Lesson 6: What you need to know about federal taxes when hiring employees or contractors • Worker classification employee vs. independent contractor • Employer responsibilities if you have employees • Independent contractors Lesson 7: How to manage payroll so you withhold the correct amount from employees • What are wages? • Calculating payroll • Calculating withholding • Unemployment taxes Lesson 8: How to make tax deposits and file a return to report your payroll taxes • Making tax deposits • Reporting payroll taxes • Filing options Lesson 9: Hiring people who live in the U.S. but who aren't U.S. citizens • Determining a worker's tax status • Resident aliens • Nonresident aliens • Employment taxes • Nonresident alien independent contractors Target Audience: This workshop is intended for any small business that has or is adding employees and provides them the information they need to know to calculate and file Federal payroll and unemployment taxes.
Speaker(s): Carvel Stewart, EA, BS – Accounting University of Utah
Fee: No Cost
