Whether you are looking to hire employees as you start your business or now need them since your business has grown, you take on certain responsibilities when you employ workers. You will need to ensure your workplace is free from discrimination and harassment, and you will need to ensure the safety of your workers.
You also take on financial responsibilities when you have employees. Payroll, benefits and taxes are the primary tasks you must address. One area where many business owners end up in trouble is with payroll taxes.
Common mistakes business owners make
You want to make sure that you do everything right, and understanding the common mistakes made when it comes to payroll taxes could help keep you out of trouble. Consider the following:
You might be surprised how easy it is to make a mistake when it comes to payroll taxes. In order to help ensure that you do not end up at odds with the IRS or Ohio’s taxing authorities, you may want to consult with an experienced tax lawyer as you become an employer. Understanding your responsibilities up front can help you avoid mistakes such as these, which, in turn, helps increase the chances your business will continue to thrive.
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