Don't forget - October is the month for preparing third-quarter 2018 payroll reports. As you begin gathering the information you'll send to federal, state and local governments, check your compliance in these four key areas:
And if you have employees and independent contractors, make sure to know the difference so you can ensure your workers are classified correctly.
When you pay an employee more than $200,000 in a calendar year, you'll also withhold an additional Medicare tax of 0.9 percent from your employee's wages. Keep in mind, there is no employer match for the additional Medicare tax.
Call if you have questions about your payroll taxes. We're here to help you stay up to date.
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