Payroll Tax Withholding & Reporting

Every employer that pays wages to employees is responsible for withholding, depositing, paying and reporting taxes, unless they are specifically exempted by law. Employers are also required to issue statements to employees and independent contractors at the end of the calendar year. Compliance with the various tax withholding and reporting obligations represents perhaps the most significant reporting obligation of a business. Tax reporting procedures are complex and can be time consuming. Failure to comply with tax withholding and reporting requirements can result in significant penalties against the organization and its officers.
The Diversa Group understands tax withholding and reporting requirements and can assist you in learning how to meet your tax obligations.

Our consultants will assist you in:

• Determining who is an employee versus an independent contractor
• Obtaining your Employer Identification Number
• Setting up a tax withholding system
• Establishing timelines for depositing taxes, completing and submitting forms
• Training staff how to complete and submit various tax forms
• Preparing year end tax forms (Form 941, Form W-2, Form W-3, and Form 1099)

If you are concerned about properly withholding and reporting your employees payroll taxes or don’t know how the process work, The Diversa Group can help. Contact us today at 1-877-254-0717 or by email at consulting@diversagroup.com.