Primer: Employment Taxes Lahaina HI

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

Burstyn & Associates Business Consultants Inc
(808) 661-3961
991 Limahana Pl Ste H4
Lahaina, HI
H & R Block
(808) 935-2799
910 Honoapiilani Hwy Ste 11
Lahaina, HI
Hutchinson Paul M
(808) 244-7902
24 Market St
Lahaina, HI
James & Associates Cpas Inc
(808) 667-9512
505 Front St Ste 222
Lahaina, HI
Shue C Douglas
(808) 661-3231
425 Ilikahi St
Lahaina, HI
Beck Robert Tax And Bookkeeping Service Inc
(808) 242-1553
2070 W Vineyard St
Wailuku, HI
Cheatham Jon B Cpa Llc
(808) 249-2720
2200 Main St Ste 504
Wailuku, HI
Comte John M
(808) 244-8128
776 Analio St
Wailuku, HI
Black Mark D
808-871-8822
135 S Wakea Ave Ste 202
Kahului, HI
Courter Boeckmann & Associates LLC
808-871-1880
220 Lalo St Ste 201
Kahului, HI



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.

Featured Local Company

Burstyn & Associates Business Consultants Inc

(808) 661-3961
991 Limahana Pl Ste H4
Lahaina, HI

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