Taking Taxes Out for my Workers ??????

[Pro-Lawn]

pro-lawncare.com (http://pro-lawncare.com)

I have been in the Business for 5 years now , and have i went thru alot of workers. I have never taken taxes out, always paid them in cash. But now that im getting bigger and doing alot more high end work and need more help i am going to halft to start taking taxes out. Where do i start. WHo do i need to get in touch with. I am TOTALLY lost. If there is someone with more wizdom than I please write.

[Fantasy Lawns]

http://www.quicken.com/taxes/

I'd see a good CPA ....quickly .....those employees should have been 1099 at year end ......there are some BIG time tax issues with cash under the table

[CMerLand]

theleven,

You might want to make an appointment with an accountant as well. If they are employees then they are not eligible for 1099s, they get W-2s at the end of the year.

1099s are for subcontractors. The IRS has a great big list of things that determine whether a worker is an employee or a sub. Quick and easy is if you set the workers hours, provide the workers equipment and detail how the work is done then you have an employee.

ProLawn,

Once you hire an employee, you will need a workers comp policy, and employer tax id # and then be required to make payroll tax payments monthly. Quickbooks has worked great for our payroll for years but we always have our accountant go over our reports and fill out the quarterly tax reports.

[Pro-Lawn]

http://pro-lawncare.com
Is there a plus side of taking taxes out ? Anything at all ??
Or is it something you just got to do ??
Thanks for the input so far.

[parkwest]

I can't believe someone would come on a public forum and state they haven't been withholding/paying employee taxes for 5 years.

The plus side of taking out taxes would be staying out of prison.

[HOMER]

Yes, if you employ-you tax the employees. Benefits are a little tax break at the end of the year and freedom from prison.

[kris]

My thoughts exactly parkwest!!! wow

[Pro-Lawn]

http://pro-lawncare.com
First of all i would like to say for all the flames i just got that i know for a fact i have NOT broken ANY tax LAWS , I HAVENT EMPLOYED enough workers yet , i halft to have at least 3 full TIME.
I was asking a simple question, you dont know the whole story dont always assume someone is not doing what he or she is supposed to do. Were supposed to be here to help each other. ? Ohhh wait a min. No were not , idiot born every min.
GLAD im NOT one of em.

[parkwest]

Originally posted by Pro-Lawn
pro-lawncare.com (http://pro-lawncare.com)

Where do i start. WHo do i need to get in touch with. I am TOTALLY lost.

You may want to get better counsel on this matter, soon! Trust me, the gov't wants their cut no matter if you have 1 employee or a million.

[LoneStarLawn]

Here is what you need to look at first to get the ball rolling...
You are also responsible for some of their taxes as well...

http://www.irs.gov/smallbiz/newbusiness/hiring.htm

Download the file and look over that as well

[Pro-Lawn]

Ohhh i know they want their cut , but its the employees RESPONCIBILITY to pay the tax , NOT MINE unltill i have 3 emp.

[LoneStarLawn]

Employers are required to withhold employment taxes (except FUTA) from their employee’s wages. The term, employment taxes, describes several federal, state, and local taxes that employers have the responsibility to manage. Some of these taxes apply only to the employer, some are levied upon employees, and some apply to both employer and employees. Federal employment taxes are 1) Federal income tax withholding, 2) Social Security and Medicare taxes, and 3) Federal unemployment (FUTA) tax. I really haven't heard there being a number limit for that...the 3 employee thing here refers to workers compensation. If you can actually show us this information about the 3 employee thing it would help. If you were to hire a nanny and wanted to make it legit ... A nanny is considered a household employee. A household employer only has to pay social security and Medicare tax for the employee(s) that receive $1,200 or more in cash wages for the year. That is only one employee...

[John from OH]

Pro Lawn, I think everyone here is trying to help you. You may not like what your hearing, but you are required and responsible for with holding the taxes and paying them to the government on time. I'd take the advice and meet with an accountant and get this handled.

[lawnboy82]

prolawn, when i went on the books with my employees all i had to do was go to a staples, or something similar and look for a federal withholding form or something like that. it is a book about maybe 4 pages? it will tell you how much to take out for federal, state, social security, and medicare or whatever it is. get that, talk with your accountant, get workman's comp from your insurance company as well as disability and whatever else there is.

[lawnman_scott]

Pro lawn, Lonestar is right, you have to take taxes out of your employees check no matter how many you have. and have to pay state and federal unemp comp. Just get a booklet from the irs, its easy to do.

[KirbysLawn]

Pro-Lawn, how can you be "Totally Lost " and then argue with every post that tells you what to do?

1 or 50 employees, unless you hire them as sub-contractors you must files taxes. Where did you get 3 at? As Alan has already told you that's for WC.

[jcoat]

Pro-Lawn, you might listen to these guys and seek the advice of an experienced accountant. Perhaps ask some of your peers and see if there's someone who carries a lot of lmos. This way they will know where you're coming from and can protect you if there are back-tax issues.

[parkwest]

Pro Lawn

Did you ever get this matter straightened out?

[SLS]

This is the kind of threads I come here for.
I work solo right now but about 10 more lawns I'll need to hire on some help too..and all of this info helps.

LoneStarLawn: The gov.link you provided is the kind of stuff us upstarts need to see....no flames....just facts. Thanks. :)

Pro-Lawn: I have an accountant do my 1040 at year end (he double checks everything I did during the year)...and he has actually SAVED me money! He knows the deductions and loopholes much better than I. The consultations are worth every red cent. Prevously I just lumped accountants in with lawyers and politicians but maybe there is a silver lining behind every cloud...... :)

Good luck figuring this all out.

[John Allin]

I just read this thread for the first time....

Wow.

And on second thought....... WOW !!

[SDF250]

I was thinking about the same thing J.A.


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