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Primer: Employment Taxes Kentucky

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

Liberty Tax Service/Louisville Tax Planning
502-966-8417
5005 Preston Highway
LouISVILLE, KY

MacEd
(859) 986-2373
433 Chestnut St
Berea, KY

Ward Nancy I
(859) 271-9568
Lexington, KY

National City
(606) 877-4512
400 N Main St
London, KY

Rtl Recovery Group Inc
(502) 561-3396
310 W Liberty St Ste 507
Louisville, KY

Adams Nash & Haskell Inc
(859) 331-7711
1717 Dixie Hwy Ste 910
Ft Wright, KY

Scroggins Clayton L Associates Inc
(859) 254-3906
Lexington, KY

T W Inc
(606) 836-7060
Ashland Boyd County
Worthington, KY

Warren County Customs
(270) 843-6403
203 Rigelwood Ln
Bowling Green, KY

Stelex
(270) 351-8797
4104 S Woodland Dr
Radcliff, KY

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.

Featured Local Company

Liberty Tax Service/Louisville Tax Planning

502-966-8417
5005 Preston Highway
LouISVILLE, KY

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Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
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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