Payroll tax management can be a daunting task for small business owners. FUTA, SUI, Form 940, Form 8109 - unless you have a payroll service who handles your tax management, these are terms you'll need to know, or risk facing IRS penalties. In these video minutes, SurePayroll President Michael Alter helps you understand complex tax issues and forms.
Employees vs. Contractors: What are your Company's Tax Liabilities
SurePayroll President Michael Alter explains that there is a difference between employees and independent contractors, and discusses how employers must handle taxes for each type of worker so you'll be in compliance with IRS regulations.
Getting Your Credit Out of FUTA
SurePayroll President Michael Alter explains the Federal Unemployment Tax Act (FUTA), including the percentage of taxable wages employers are required to pay and the Form 940 you will need to file so you can avoid IRS notices or penalties.
What You Need to Know About SUI Rates
SurePayroll President Michael Alter discusses State Unemployment Insurance (SUI), and explains how to keep your SUI rate low.
Form 940 Employer Annual Federal Unemployment
SurePayroll President Michael Alter explains Form 940, used to report an employer's annual Federal unemployment tax liability, and lets you know whether your business needs to file Form 940.
Form 941
SurePayroll President Michael Alter talks about Form 941, the Employer's Quarterly Federal Tax Return.
Form 944
SurePayroll President Michael Alter discusses Form 944, a tax form used exclusively by businesses with very low federal tax liability as a replacement for the quarterly Form 941.
Form 8109
SurePayroll President Michael Alter explains Form 8109, which businesses with tax liability under $200,000 per year can use to make their regular federal tax deposits.
