If you’ve hired your first employee, congratulations! Now comes the responsibility of payroll taxes.

Here’s what you need to know:

What Are Payroll Taxes?
They include:

• Social Security & Medicare (FICA)
• Federal Unemployment Tax (FUTA)
• State Unemployment Tax (SUTA)
• Income tax withholding (federal and state)

Your Responsibilities:

• Withhold the correct amount from employees’ paychecks
• Pay your employer share of FICA
• File reports regularly (usually quarterly)
• Submit payments on time

What Happens if You Miss a Deadline?
Late payroll taxes can result in serious penalties — sometimes up to 100% of the tax owed.

How We Can Help
At Mare & A CPA, LLC, we handle payroll processing, tax deposits, and compliance so you can focus on growing your business.

Need payroll help? Let’s talk.