Average payroll taxes for small business can be daunting to understand, so let’s break it down piece by piece! Payroll taxes are the required payments deducted from employee wages and typically include Social Security and Medicare taxes. For small businesses, a significant portion of payroll taxes are the Employer’s share of Social Security and Medicare taxes. The total amount your business has to pay depends on how many employees you have and how much you pay them. It’s important to remember that payroll taxes are separate from income tax, as they are generally due every three months or annually regardless of how profitable your company is. To get accurate estimates of your average payroll taxes for small business, use the free resources available to help you make sure you comply with all IRS regulations.