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 For a small business, using a payroll company will take care of your payroll tax filing is best. This way, you can be sure that everything is filed correctly and on time. There are many good payroll companies, so research and find one that fits your needs. If you are interested, we can help you with this.

Generally, the employer is responsible for paying unemployment insurance. However, there are some states where the employees are responsible for paying a portion of the unemployment insurance.

As an individual, you may be eligible for certain tax breaks. For example, you can claim the earned or child income tax credit. You may also be able to deduct certain expenses, such as student loan interest or medical expenses. Be sure to consult with a tax professional to determine which credits and deductions you are eligible for

There are several ways to reduce your tax liabilities. You can take advantage of tax breaks and deductions, file your taxes electronically, and ensure that you accurately report your income and expenses.

You must pay payroll taxes if you have employees working for your small business. Payroll taxes include federal and state income taxes, Social Security and Medicare taxes, and unemployment insurance. Failure to pay payroll taxes can result in penalties from the IRS.

You should keep records of all your income and expenses and any receipts or documentation supporting your claims. Keep track of your business mileage, as you can deduct the cost of driving for business purposes. And be sure to keep copies of all your tax returns.