How Do I Pay Employer Payroll Taxes? - Employer Payroll Taxes: Simplified!

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FREE Payroll Worksheet: www.bizschool.coach/freepayro...
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How do I file form 941 for Quarterly Payroll Taxes? • How To E-file Form 941...
How do I hire employees? How do I pay employer payroll taxes? Paying your employees can be quite confusing, but this video aims to simplify it all!
As explained in the video, I highly recommend the Gusto software for handling everything for your employees. It's a huge help and one of the best softwares out there. It's worth it for ANY sized business, even if you are a Single Member LLC electing S-corporation status. (PS. They are not paying me to make this video, I'm just including this tool because it's the BEST!) My Gusto link does give me a small Amazon gift card - I think! Here's my link: gusto.com/r/PloJd/?...
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Get the free Business Spreadsheet Template: www.amandarussell.mba/gettheb...

Опубликовано:

7 авг 2024

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Комментарии : 24

@marvingarcia8982 4 года назад

Great video

@alexfang6784 3 года назад

Thank you!

@ampleleapcognitiontechnolo5899 3 года назад

Video was informative | Integrated HR Solutions for START UP'S & MSME’S (Payroll, PF - ESIC, Compliance) - Ample Leap

@macjill3268 4 года назад

Can you send me a copy of this power point. Such great info! Thank you

@ashvinirao5834 4 года назад

Is this only for USA right i mean futa & suta ? Can you make video for canada does they use futa & suta? Pls reply

@christyflores6706 4 года назад

hi, i used your link to start with Gusto but they are now telling me that you do not have a gusto account so I don't get the promo deal

@hermandebbie1 4 года назад

Thanks for dumming it down, very helpful! One question, do I need to file the state equivalent Form 941 in the state where my employee lives or in the state where my offices are?

@JustUsSystemInc 4 года назад

Thank you so much!! I just hired my first 3 full time employees.

@businessfinancecoach 4 года назад

Congrats!!!

@r.si71 5 лет назад

Curious: is the federal income tax estimate withholding based on the employees salary compared to the published tax brackets for the current year? What if an employee is hourly?

@businessfinancecoach 5 лет назад

Withholding tables are based on pay period and amount of check, only. :)

@10767michael 5 лет назад

I need to know .. to what departments and specific forms this is good viedo but I wish my state had clear instructions

@businessfinancecoach 4 года назад

you should come join my class! 8-weekly office hours and I help you sort it all out and set it up in your spreadsheet! Whether you are just forming an LLC or you already did, both situations are covered! Starting a group again next week! www.amandarussell.mba/30dayaccounting

@businessfinancecoach 4 года назад

Oh- I just saw this was 7 months ago! Hopefully you got things sorted out. I also recommend calling, most states are pretty good.

@hsharafi1494 4 года назад

Hello thanks for all your information, I have one question should I have a EDD number as a single member or multi member LLC? Thank you

@mobilemedia431 4 года назад

hey do yo still have a class or accounting service I could sign up for ?

@muhammaddfaheem4566 4 года назад

Hello are you there

@tonybelleo1895 4 года назад

WOW... Ur voice is amazing... Sounds swell

@viralvideos6532 5 лет назад

What if I'm a partner in a partnership, and I want to set up payroll for myself and other partners? Do I still have the same obligations?

@businessfinancecoach 4 года назад

No, partners in a partnership or LLC cannot be paid as W-2 employees.

@businessfinancecoach 4 года назад

You should definitely watch this video! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-rPXhgqNc5-k.html . Never use 1099s either, instead you track each partners withdrawals and contributions in accounts in your records and it affects their basis. For taxes, the net income/activity passes through on the schedule K-1s to each owner's return based on their share of the business. If the Operating Agreement outlines salaries, these are tracked as "Guaranteed Payments" (handled as an expense, but no net tax difference to partners).

@elainewang152 4 года назад

i have a S corporation and didn't employees. I used not have payroll for me and my husband but now people said it is better to pay our payroll , please advise which is correct

@businessfinancecoach 4 года назад

It's not better - it's required to pay yourself as W-2 employees!!!! Search my channel for "S-corp" and check out all the videos I have on the topic ... If you decide to stick with it and get yourself caught up correctly -- I have a course that walks you through all of the steps you need to take, including getting caught up and calculating and documenting reasonable compensation www.bizschool.coach/payingownersandworkerscourse