Payroll Taxes – An overview

To put it simply, payroll tax is your liability to state on the salary you pay to your employees. You are liable to pay this tax only when you cross a fixed threshold that may differ per state. It’s tough for most business owners to keep a check of payroll tax, as they tend to creep up, often, when you are not expecting it least. [1] Payroll Taxes An Overview   What Are My Obligations? Not only gross wages but superannuation, incentives and commissions along with benefits and allowances fall under payroll tax. Generally payable on a monthly basis, you have to comply with ...Read More

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