As a small business, there are many things to consider. For small businesses with less than 10 employees, payroll taxes may be one of the most underthought areas.
Payroll taxes include any amount of money that is paid to the IRS, as well as state or local entities that collect taxes based on employee wages.
When it comes to managing these taxes, there are many tax laws and various ways in which businesses classify themselves. Your business classification may dictate the taxes you are required to pay, and the fact remains: all businesses must pay taxes.
Ask yourself the following questions and remember, we can help.
When & How Much Payroll Tax Should My Business Pay?
What Type of Payroll Taxes Am I Required to Pay?
Where and How Do I Report Payroll Taxes?
Grow Your Business with Confidence
At Palazzo & Company, our team keeps up with payroll tax laws to ensure that our clients are compliant with federal and state requirements. Maintain your company’s success with reliable professionals at your side.
About Lisa Palazzo
Lisa Palazzo is the Owner and CEO of Palazzo & Company, an tax and accounting firm based in Gulfport, Mississippi. Lisa Palazzo specializes in EXPAT taxes (knowledge earned first-hand from starting her business while working overseas) and working with small businesses. With clients in more than 20 countries, Palazzo has grown since 2001 to become a worldwide service provider specializing in small business accounting, bookkeeping and payroll services, business income tax preparation, and local/individual income tax preparation.