Primer: Employment Taxes Arkansas

If you have employees on your payroll, your tax situation is significantly more complex. You'll have to keep track of payroll taxes, employee withholding, Social Security, Medicare, unemployment, disability, and worker's comp, to name a few. All of these require separate calculations and timelines for payment. These rules are very strict and complex, and if you're not in the payroll business, hire an accountant or a payroll service to keep yourself legal and punctual with all these payments.

Local Companies

Camber Corporation
(501) 868-4255
4 Bayonne Ct
Little Rock, AR
Counseling & Guidance Services
(501) 324-5871
Little Rock, AR
Dna Enterprises Inc
(479) 271-0072
207 SW A St
Bentonville, AR
The Norcom Group Inc
(479) 273-2628
Bentonville, AR
Specialty Partner
(479) 750-2940
12581 Ervin McGarrah Rd
Lowell, AR
Morganthau O'toole & Co Inc
(501) 922-5405
12 Gaza Ln
Hot Springs Village, AR
El Futuro
(870) 735-2722
315 W Broadway St
West Memphis, AR
Parnell Leaton Consulting Inc
(479) 855-9300
2 Staxton Cir
Bella Vista, AR
Johnson Bookkeeping & Tax Serv
(870) 438-6625
Public Sq
Green Forest, AR
Esc Planning & Management
(501) 327-4473
2201 Washington Ave
Conway, AR



If you have employees on your payroll, your tax situation is significantly more complex. You'll have to keep track of payroll taxes, employee withholding, Social Security, Medicare, unemployment, disability, and worker's comp, to name a few. All of these require separate calculations and timelines for payment. These rules are very strict and complex, and if you're not in the payroll business, hire an accountant or a payroll service to keep yourself legal and punctual with all these payments.

All employees must fill out a federal W-4 form and a Form I-9 from the Immigration and Naturalization Service. You should also check with your state's office of taxation to find out about state income tax, unemployment, and worker's compensation, as well as what forms, if any, need to be filed.

If you use independent contractors and pay them more than $600 per year, you must file a Form 1099 with the IRS and send one to the person you paid. You can get these forms from your accountant or from tax officials. The Form 1099 reports to the government that this person was paid as a non-employee. This gives you the right to deduct those payments as an expense and tells the IRS to look for that money as income on your non-employee's Schedule C form.

Your tax preparer should provide you with forms and envelopes for making your estimated payments, or you can order these forms directly from the IRS by calling 800-829-3676.


Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History