Payroll Matters

LLCs have different commercial structures and specific tax-filing procedures depending on the type of management that was chosen during the company's creation.

Payroll taxes are added to the employees' wages, tips, and salaries. These taxes include federal, state, and local taxes, as well as taxes for Social Security and Medicare (FICA taxes).

In a corporate setting, payroll refers to a document that lists, analyzes, and keeps count of all the income and deductions allotted to each employee inside a company.