Employer who hire employees other than them selves are required to withhold payroll tax from their employees, wages, including social security taxes, medicare taxes and income taxes. The payroll tax is to be held by the employer in a trust account refer to as “Trust …
Operating a business as a sole proprietorship- why do it? Risk of personal assets: I had a client who wanted to start operating under his own name immediately and did not want to wait for the incorporation process to finish. She wanted to operate her …
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