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Primer: Employment Taxes Minnesota

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

Fox Tax, LLC
(612) 824-2829
503 First Ave. N.E
Minneapolis, MN

Liberty Tax Service
(612) 386-0247
16372 Kenrick Ave
Lakeville, MN

Steven H. Mangan, CPA
952-715-0206
8646 Eagle Creek Circle
Savage, MN

Berning & Berning Ltd
(763) 478-8101
809 Meander Ct
Hamel, MN

Farm Business Management
(218) 945-6676
Fertile, MN

Apex Management Services Inc
(651) 438-5100
12181 Margo Ave S
Hastings, MN

Moore Wallace Response Marketing Services
(952) 831-0037
7400 Metro Blvd Ste 314
Minneapolis, MN

Larsonallen
(507) 455-0485
121 W Bridge St
Owatonna, MN

Breakaway Solutions Inc
(612) 279-3600
510 1st Ave N
Minneapolis, MN

Corp Revenue Consultants
(507) 553-5599
24333 580th Ave
Wells, MN

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

Fox Tax, LLC

6128242829
503 First Ave. N.E
Minneapolis, MN

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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