oboloo Glossary

Business Payroll Tax

oboloo Glossary

Business Payroll Tax

Business payroll taxes are taxes that employers must pay to the government on behalf of their employees. These taxes are calculated as a percentage of employee wages, and can vary depending on where you’re located. Generally, these taxes go towards social security, workers’ compensation, and other programs that provide benefits to employees. As an employer, it’s important to understand your obligations when it comes to business payroll taxes, as failure to comply could result in hefty fines or other penalties. It’s time to get with the program – start paying your payroll taxes and keep your business running smoothly!