Hello Everyone,

Our fellow WCE member, Mandy Buendia of Good Day Bookkeeping, posted some great tax tips the other day that I would like to share with you.  

From Mandy:

When you hire employees, there are some tax implications to consider.

Here are some key tax aspects:

1. Payroll Taxes
2. Payroll Employer Contributions
3. Employment Tax Filings
4. Tax Credits and Deductions
5. Reporting and Record-Keeping
6. State and Local Taxes

It's crucial to consult with a tax professional or accountant who can provide guidance tailored to your specific situation and ensure compliance with all applicable tax laws and regulations.

Employment taxes can be complex, and proper understanding and compliance are vital to avoid penalties or legal issues.

Thank you so much, Mandy, for sharing these tips.  I always find you a wealth of information.  :)

As always, I invite you guys to create your own posts and continue to connect with each other.  I look forward to seeing you at the next Coffee & Connections.

Marisol