The National Directory of Certified Public Accountants

Ask A CPA - Small Business Services

What Financial Responsibilities Do I Have For My Employees ?

You must withhold federal and state income taxes and contribute to unemployment and workers compensation funds. You must also match their social security contributions. You may want to also check into "key employees" life and disability insurance programs. Laws vary from state to state. Speak to your local CPA about the financial responsibilities in your jurisdiction and industry.

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