Payroll Tax Withholding in 2023: Liabilities, Employer Taxes and Responsibilities
Paying employees is one of the biggest expenses for a company. Any company who 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,
where to pay can be difficult specially in the fast-changing work dynamics of 2023.
Join us this March to learn about the different types of withholding that must be withheld from
an employee’s paycheck. We will 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 session will help you to better understand all
types of payroll taxes and how to watch for signs to avoid payroll tax liabilities in 2023.
In-Depth Discussion on
-Federal Income Tax Withholding in 2023
-Federal Unemployment Taxes
-State Unemployment Taxes
-FICA and Medicare Tax
-State Taxes in 2023
-Local Taxes in 2023
-What taxes must be withheld from employees
-What to watch for when liabilities increase and how to adjust payments to avoid fines
-What reports to file along with when and where to file them
-Understanding of employer taxes and your responsibilities
-Helpful websites to give you guidance on how to handle multiple situations
We will go into details of Payroll Tax Withholding including all the different types of taxes. This
includes details of how to determine what State to pay Unemployment taxes to understanding
wage bases of Unemployment taxes.
We will cover the basics of Payroll tax withholding such as Federal income taxes including State
and local income taxes. It also includes examples of tax withholding deposits and the filing
frequencies. We will provide details of what happens when liability increases or decreases and
how to handle it when this happens.
Why You Should Attend
Understanding payroll taxes is difficult. How do you know how much to withhold? How often do
you pay? Which taxes do you 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 to
how often they must pay. Not understanding this and knowing the rules of when to pay your
taxes will result in notices against your business.
Laws constantly change and keeping up on payroll laws can be daunting. Attending this session
will give you the basic knowledge of what to look for, where to find information, and how to keep
in compliance in 2023. You will have a better understanding of payroll taxes and how to avoid
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.
Who will Benefit
Debbie Cash, CPP is a Business Analyst-Implementation at G&A Partners. She collaborates with Clatid Compliance to provide trainings on payroll and human resources. She was formerly a Payroll Tax/Time and Attendance Specialist at Employer Advantage LLC. G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses and they recently acquired Employer Advantage LLC a former PEO. She has been with the organization since 2006.
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’s. She also worked for Joplin R-8 School District from 1990 to 1993.
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