📌 AFH Owners: Payroll Tax Best Practices to Avoid IRS Penalties! 💰🏡

Managing payroll taxes for your Adult Family Home (AFH) isn’t just about paying employees—it’s about staying compliant and avoiding costly mistakes! 🚨

Here are 3 payroll tax best practices every AFH owner should follow:

1️⃣ Classify Workers Correctly ✅

• Employee (W-2) or Independent Contractor (1099)?

• Misclassification can lead to IRS fines, back taxes, and penalties!

2️⃣ Withhold & Deposit Payroll Taxes on Time ⏳

• For W-2 employees, you must withhold federal & state income taxes, Social Security, and Medicare.

• Use IRS EFTPS (Electronic Federal Tax Payment System) to submit taxes on schedule.

3️⃣ Keep Accurate Records & File Quarterly Reports 📑

• Track payroll, tax filings, and employee details for at least four years in case of an audit.

• File Form 941 (quarterly payroll tax return) & W-2s/W-3s annually to stay compliant.

📌 Avoid IRS penalties and payroll headaches—stay compliant! Need help with payroll taxes? Let’s chat! 📩

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