US Payroll Taxes Explained (Everything You Need to Know)
ฝัง
- เผยแพร่เมื่อ 3 ธ.ค. 2020
- Today, we’re going to be deep-diving into US Payroll Taxes.
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After helping hundreds of businesses with their accounting and taxes, we know a thing or two about payroll taxes.
It doesn’t matter if you have one employee, 10 employees, 50 employees or haven’t even started your business yet, you are going to want to watch this video in its entirety.
My promise to you is that any question you have about payroll taxes will be answered and the high-level details you need to know about payroll taxes will be shared.
Note that for guidance or advice specific to your business, you should consult with a tax or legal professional.
Interested in talking with someone from our team? Sign up to get notified when we are accepting new clients here: lyfeaccounting.com/coming-soon/
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
Watch Next: 101 Tax Write Offs & Deductions For Entrepreneurs - th-cam.com/video/xrxRW5wGRJA/w-d-xo.html
Kudos, This is a Great High Level Video. Nice Job!👍
Great overview of tough stuff!
Really helpful. Thanks
Very helpful!
Very knowledgeable!! Awaiting for more one
More to come! Thanks for watching.
Very knowledgeable!!
Awsome bro 😊
Great Video
This was very well explained thank you guys. Earn a new subbie!
Thanks and welcome
same here haha
It's really helpful.....thanks a lot.
Most welcome!
Great video can you make a video about fringe benefits for employees highlighting maternity leave , employers on sick leave more than the stipulated days allowed and does age affect the amount you are supposed to pay for pension. Last talk about a self employed person who also works as full time. Does his social security reduces or he can just reduce the tax paid as deductible when filing taxes
Wonderful 👍
Nice video US payroll basics
I work for ADP and this is super informative, all facts. Great work man.
Glad you enjoyed it!
What state you work in? I’m in WIS
Working for ADP (offshore) for over 4 years this is very helpful
same here..Love ADP
great video
Very helpful 🙏
Glad it provided some value for you. Thanks for supporting the channel.
Very informative.
Glad it was helpful!
What should i select on the A-4 Gross taxable wages form?
That was helpful tnx
No problem!
Hi Sir, Thanks for made this video, I got so much knowledge form this video, Could you please make a video on Intuit, There is no Video yet on TH-cam about Intuit, please i requested you to If you have a knowledge about the Intuit so please make it. Thanks!
I have urgent question please. I started to work for a company that IRS says it's on semiweekly schedule but the company pays once a month payroll, every end of the month. In this case does the company need to switch to biweekly payroll or just need to pay payroll taxes within a week or next business day of the payday, which is payroll paid on the 30th then taxes to be paid on the following week?
Thank you in advance for your help!
So if I have an S- corp and i am both the employer and an employee of my business would i have to pay both sides, so in total the business owner would pay federal and state payroll income tax, Federal & State unemployment tax, PLUS Social security & Medicare TWICE ? .... AM I understanding that correctly ? THEN in addition I would like be taxes personally on both the federal and state level ?
Very informative, I work for Paychex as a sales consultant. Thank you
MY ARCH ENEMY!!! I'm with ADP lol
@@cardboardtaco4503 🤣😂😂
Great video, very helpful. I am a Canadian Payroll Specialist working with US plants. Do you have a video for Working in a state but living in another?
Not yet, but great idea!
This was very helpful! Do you know if I will get some type of notification reminding me when I need to file my payroll taxes? So far, I only pay for my sales taxes quarterly since I don't have any employees right now. But I do get an email notification from Texas Comptrollers reminding me to file for my sales taxes.
You won't always get a reminder, it's up to you to pay your taxes
This is better then my textbook
04:06 is the best part of this video. I cant stop laughing🤣
As far as FICA, do I have to pay 7.65% out of my profits and then ANOTHER 7.65% out of my employees paycheck?
Sounds like a damn headache! Thanks for the video.
we fixed audio in our future videos
@@LYFEAccounting I think he meant the complications of taxes because although you broke it down very well it’s tedious stuff to learn! I just finished a payroll tax class and this video alone explains so much stuff I just couldn’t comprehend. Thanks for info and got a new sub 👌🏼
Actual Content starts at 01:00
its a good video but would like to know the best way to figure out federal withholdings. nobody has a video on this. and as a new employer apparently i cant even hire a payroll service because i haven't had an employee long enough of paid him enough. need a Texas workforce commission account number and they say i don't qualify. these mobsters need to make this process easier if they want to extort our money.
(Whispers) Thank you
So for example, If I am an employer. And I have 1 employee that makes 100,000k each year. How much payroll taxes will I have to pay each year for this employee?
Thanks!
My says AR W/H. WHAT DOES THAT MEAN???
Video is good but whats up with back round music
We fixed it in our newer videos, how do those sound?
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Background music is dominant over the info shared. Thanks.
thanks for your feedback! We fixed this in our newer uploads
I Like the content but the background music make hard to concentrate
Get rid if income tax
Remove Background Music
ok we dont care what employers pay. we here to see how employees are decdted
I just search FUTA..... Don't make the same mistake I did ...
Payroll taxes are not legal or lawful. Liability for any tax is precedent to any tax debt.
This man knows nothing about 26 USC tax and does not know that the IRS is restricted to its operations per 4 USC 72.
I wonder how much he was compensated for making this video ?
Couldn't follow this video. Hard to follow
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