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Thanks! I do have a tax consultant, but he charge's extra to do payroll, which is why I'm exploring how difficult it'd be. Do you know if there's one time setu

Thanks! I do have a tax consultant, but he charge's extra to do payroll, which is why I'm exploring how difficult it'd be. Do you know if there's one time setup forms I need to file for employment at the federal level, like forms to tell the IRS that you now have an employee or register as an employer. Or do you just start paying payroll taxes each quarter?

mattbillenstein 7y ago
I forget exactly what forms - like a w4 is standard, but I don't know when or what else there might be. Your tax consultant is charging extra to execute the payments or just to compute how much to pay? I pay my person maybe $1-2k per year at filing time - it's pretty low touch otherwise, maybe a random question here or there in the year, and we touch base in Q4 about roughly what needs to happen. I consider it money well spent.
- adamlangsner 7y ago
  I think the extra cost is to do the quarterly tax filings, set up employee payments, handle W2s, etc at both state and federal levels