As an employer you are responsible for paying your employee's taxes. What that really tells you, is that the United States Government does not trust employees either! Big surprise.

So here is the rundown on what you are required to do. Keep in mind that each state has its own requirements and the laws change like the weather (and it not usually sunny).

EIN - First you must obtain a FEIN or EIN (Federal Employer Identification Number), its your companies social security number and the one number that the government will use to track your incom, taxes and employee status.

Read more about obtaining your FEIN.

If you are reading this valuable tax info to late to get your taxes finished, consider an extension. Click Here for information on filing for a tax extension.

Tax Filing Tips - 10 ways to cut your income tax.

Tax Terms & Definitions Dictionary
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