Article: Hiring Your First Employee? 5 Tax-Related Steps

| April 16, 2014 |

Be prepared for a mountain of paperwork, much of it related to income taxes.

Adding your first employee to your small business comes with good and bad news. The good, of course, is that you’re succeeding so well that you need full-time help. You’re hopeful that this new individual will bring new energy and fresh ideas into your growing company.

You probably worry, though, about finding the right person. And you wonder how much your own workload as an employer will grow.

You’re smart to be concerned about both issues. The first has a lot of gray area, but the second – at least where company income taxes are concerned – is very straight forward and clear. The IRS spells out your responsibilities and expects that they will be followed to the letter.

To read more about hiring employees, click here.