Planning a new business? If you are new to owning or running a business, then there is a lot that you likely need to learn. For instance, there are a lot of entrepreneurs that have no clue about the taxes that a company needs to pay every year. This is really important, though, since the government is really serious about getting the correct amount of money. If you make a mistake, the IRS will likely be on your tail. You could end up getting in a lot of trouble and paying a lot of money for the mistake that you made.
So, what payroll taxes can the employer deduct? This is an important question that you should learn the answer to before you ever hire your first employee. If you aren’t planning on hiring anyone, then you don’t need to worry about what payroll taxes can the employer deduct. If you do want to hire some people to work for you, then it is imperative that you know this.