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The Complete Idiot's Guide® To Accounting by Lita Epstein, Shellie L. Moore

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Chapter 13
Taxing Times
In This Chapter
• Tax bites
• Taxing calculations
• Unemployment issues
• The payroll process
As an employee, you probably always hated to open up that paycheck and see all the deductions taken out. As an employer, you’re responsible for figuring out those deductions and may be shocked to learn how much more you need to pay over and above what is shown on your employee’s checks.
The accounting department is responsible for managing payroll. You’ll need to decide whether you want to handle payroll in-house or use a payroll specialty company to handle that task for you. After reviewing the tax calculations, this chapter discusses options for handling your company’s payroll.

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