Taxes played a key role in the foundation of our country, so it should be no surprise that they remain a point of considerable disagreement and aggravation. For individuals and families, the annual tax filing process can be a stressful affair. The tax considerations and liabilities of a small business owner are even more complicated and substantial. The failure to properly understand and pay your employment taxes can cripple your company and might mean the end of your business.
The Des Moines business lawyers of LaMarca Law Group, P.C. are dedicated to preparing Iowa’s entrepreneurs for success and preventing catastrophic mistakes that can leave them in dire legal straits. Contact us at (877) 327-2600 to speak with one of our skilled and experienced attorneys about your business’s circumstances.
Employment Tax Considerations and Liabilities
Some taxes are to be withheld from an employee’s wages, while others are to be paid independently by an employer. This distinction can lead to some confusion and serious errors. Some of the different employment taxes that you may be liable for are:
- Federal or State Income Taxes
- Social Security and Medicare Taxes
- Federal Unemployment Tax (FUTA)
- Self-employment Tax
A lack of proper understanding and planning can leave your company in the position of being unable to pay the taxes that are owed. If you have any questions about your rights or responsibilities as a business owner, our Des Moines business attorneys can help.
Let us help you ensure that you are equipped with the information necessary to keep your company in compliance with the law. Contact the Des Moines business lawyers of LaMarca Law Group, P.C. today at (877) 327-2600.