Payroll taxes go beyond just withholding income—they include Social Security, Medicare, unemployment, and more. Business owners often underestimate the complexity of staying compliant. Missing deadlines or misclassifying employees can lead to costly penalties. Understanding local, state, and federal obligations is crucial for any employer. If you’re managing a team, make sure your payroll tax systems are accurate and timely. Staying informed can prevent audits and financial strain for your business in the long run.
