Reporting Employee Costs
In This Chapter
• Employee tax records
• Tax reports
• Reporting unemployment taxes
• Owner’s tax options
Phew. We’re sure you are glad to be through with the details about payroll taxes and benefits rules. We’re certainly glad it’s over.
No question, maintaining accurate payroll records is the most difficult task accounting has with regard to employees. Aren’t you glad you don’t have to learn all the federal and state rules related to human resource issues and only have to worry about the numbers?
Let’s move on to how you use all the information you’ve collected about your employees (their pay, their deductions, and their benefits) to complete the quarterly reports to federal and state governments. ...