Employment and Payroll Tax Law

Employment and Payroll Tax Law governs the taxes that employers must withhold from employees' wages and contributions they must make to federal and state programs. This includes Social Security, Medicare, and unemployment taxes. When businesses pay their employees, they also must report and remit these taxes to the government. Compliance with these laws is essential, as failing to properly withhold or pay these taxes can lead to significant penalties for employers. Understanding these obligations helps ensure businesses operate legally and manage their financial responsibilities effectively.