Avoid Liabilities-Perfect your Understanding of Payroll Tax Withholding
Speaker: Debbie Cash, CPP
Speaker Designation: Manager TLM Implementation, G&A Partners
Speaker: Debbie Cash, CPP
Speaker Designation: Manager TLM Implementation, G&A Partners
Paying employees is one of the biggest expenses for a company. Any company that has employees is required to withhold and pay payroll taxes. In addition to what you withhold from an employee, there are taxes that you as an employer must pay. The size of your business, where you are located, where your employees live and work; all of these things factor into what you must withhold from employee’s wages and what you must pay in as an employer. Understanding these things and knowing how much to withhold, how often to pay, and where to pay can be difficult.
In this webinar, payroll expert, Debbie Cash, CPP will go over the different types of withholding that must be withheld from an employee’s paycheck. She'll discuss in detail how to determine what to withhold and how this can change as your business grows and liabilities increase. You will understand what to watch for and when to make changes to how and when you must pay. Details of what reports are to be filed and how often you file them will be included.
The types of employer taxes that must be paid are also important. Making sure you are in compliance and paying your employer’s share of the taxes is key. The IRS and State and Local Governments assess big fines and penalties if businesses do not pay properly. You want to avoid these liabilities as much as possible. This webinar will help you to better understand all types of payroll taxes and how to watch for signs to avoid payroll tax liabilities.
Understanding payroll taxes is difficult. How do I know how much to withhold? How often do I pay? Which taxes do I withhold? Taxes are complex and making sure you are in compliance is very important. This is money that you are withholding from an employee’s wages and there are serious consequences for not paying these taxes. Fines and penalties can be assessed for companies who fail to pay taxes properly to the extent that their business can be shut down.
As businesses grow and expand their liabilities can change. This often results in changes in how often they must pay. Not understanding this and knowing the rules of when to pay your taxes will result in notices and possible liens against your business. Laws constantly change and keeping up with payroll laws can be daunting.
Attending this webinar will give you the basic knowledge of what to look for, where to find information, and how to keep in compliance. You will have a better understanding of payroll taxes and how to avoid liabilities. Details of how to calculate taxes and what reports are required will be discussed along with how often they must be paid. Whether you are new to processing payroll taxes or you are the Owner trying to understand more about what you are paying you will want to attend and get a better understanding of the in’s and out’s of payroll tax withholding.
Payroll tax withholding is a crucial responsibility for employers, and a solid understanding of the regulations and best practices is vital for avoiding costly liabilities. By staying informed about payroll tax requirements, automating processes, conducting audits, and maintaining accurate records, employers can mitigate risks and ensure compliance with tax laws. Implementing these strategies will not only protect businesses from legal and financial penalties but also promote a smoother payroll process for both employers and employees.
Debbie Cash, CPP is a Manager of TLM Implementation at G&A Partners. G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses. G&A Partners acquired Employer Advantage LLC (PEO) in February 2022. Debbie began working for the organization in 2006 as a Payroll Tax Specialist and Time and Attendance Specialist. She was promoted to Time/Labor Manager in 2021.
Debbie earned an associate's Degree in Accounting from MSSU in 1985 and a bachelor's Degree in General Business from MSSU in 2006. She obtained her Certified Payroll Professional Certification in October 2006. She has 30+ years of experience processing payroll and payroll taxes for various different companies and professions.
Debbie worked as a Payroll Specialist at Missouri Southern State University from 1993 to March 2006. She attended the International Tax Conference in Wisconsin in 2005 and specialized in International Tax for Student Visa. She also worked for Joplin R-8 School District processing payroll from 1990 to 1993.
