Información importante para el manejo de impuestos sobre la nómina

No matter which side of the equation you are – an employer or an employee – Tax Day can seem like one of the scariest days of the year. This is because there are so many rules and regulations that must be followed, as well as nitty-gritty bits of information that can trip you up if you’re not aware of them.

One of the ways that you might discover you’re in over your head is when it comes to payroll taxes. There are extremely specific requirements for how to dispense payroll information to your employees and contractors, and making a mistake when doing so can lead to headaches.

Impuestos sobre la nómina

Cuando se trata de impuestos sobre la nómina, if you are an employer, realize that you must report tips, compensation, wages, and any other financial gain that has been paid out to the employee. This is a requirement by the government, so as an employer, this is not an action to skip lightly. Part of this process is that you must also provide the employee in question with this information through W-2s and 1099s (depending on the employee status as a full-time employee or a contractor).

Making a mistake as an employer can lead to complex and extremely detrimental penalties, so ensure that you’re doing your due diligence and getting your forms completed on time.

Responsabilidades para el manejo de impuestos sobre la nómina

Cuando se trata de manejar los impuestos sobre la nómina, tenga en cuenta que deberá:

• Asegúrese de pagar y declarar impuestos estatales y federales a las respectivas agencias tributarias.
• Informe con precisión los montos retenidos, los montos pagados y los ingresos de sus contratistas y empleados.
• Mantenga todos los registros federales y estatales necesarios para el manejo de impuestos.
• Be prepared to submit all required documents by pre-specified deadlines so that you aren’t hit with a warning or a penalty for misfiling.

Información específica que necesita para los formularios W-2 y 1099

Of course, there is specific preparatory work you must do before you can send out those W-2s and 1099s. Make sure you’re prepared well in advance so that you’re not scrambling to finish your taxes right up to a deadline.

Tenga en cuenta que los formularios W-2 son para empleados internos y los 1099 son para contratistas.

As for the information you need to have a handle on for these forms, try to make sure that you have accurate employee/contractor details about:

• Su nombre, número de Seguro Social y dirección.
• Cuánto se les ha pagado y cuándo.
• Cuál es el ciclo de pago para cada individuo.
• Cuánto del pago constituye los salarios imponibles.
• El W-4 para todos los empleados aplicables.
• Cantidades y fechas de cualquier depósito de impuestos que haya realizado.
• Copias de cualquier declaración de impuestos que haya presentado, así como cualquier W-2 que se haya devuelto por no poder entregarse.

All of this information is good to have on hand for four to five years in case the IRS decides to audit you and your business. So long as you have the appropriate forms and/or access to all the detailed information that the IRS is asking about, you’ll have a much better time on the off chance you have to go through an audit.

¿Qué necesita saber para la presentación?

There can be a lot that you need to know before you decide to handle or file payroll taxes. This is why it’s in your best interest to reach out to a professional en resolución de impuestos , como ser en Guardian Tax Law. Whatever your tax issues are, even if it’s just a question that you’re uncertain about, reach out to us. We would love to help you so that your tax woes don’t have to be woes.