Employment tax is a collective term for taxes that businesses and/or its employees pay to a federal or local agency. While list of employment taxes varies per state or country, there are a few which are common for many. Federal income tax come from employee wages and goes to the federal government and is used to fund government programs. There is also the workers’ compensation fees which pays for the insurance of employees in instances of injury or accident. Meanwhile, the Social Security tax is the tax from both employers and employees to finance the Social Security program. Other types of employment tax include self-employment tax and state income tax.

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    Am looking for a CPA from USA who can help me apply for forgiveness of PPP loan. I just need assistance for a couple of hours. I have most of it myself. Just have a few questions that need answering and check my final preparation. I live in Hawaii, where most tourism related businesses are still closed.

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    Set up an ESOP trust. 1 jour left
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    Start the process of setting up an ESOP trust and let me do a lots of the leg work on the peripheral things. We are a $30 million gross revenue company. 45 employees and will do about $1M -$1-5M annual profits

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