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Thanks. I absolutely do need to do more research but due to time constraints wanted to go the service route. Thanks for the heads up on the taxes, will get in t

• MichaelCrawford 12y ago
  If you have employees - or if it's just you, but you pay yourself as an employee - you need to file the US Federal 940 once per quarter, and the 1120, 941 and W3 once per year, as well as the state equivalents of each. You owe 940 taxes (payroll withholding) by the 15th of any month during which you have issued a payroll, or two days after the payroll if you owe $200,000.00 or more. The states and feds are especially strict about the 940, as failure to pay it is regarded as stealing from your own employees - even, as was the case for me, you are the only employee.
  • omairmirza 12y ago
    Wow thanks a lot for this! I'm researching more into it but this overview helps a ton