Employer’s Guide to Payroll Tax vs. Income Tax

Описание: Understanding payroll tax vs. income tax is key for business owners at every stage. Whether you're a new entrepreneur or looking for a refresher, this video breaks down what each tax is, how they differ, and your employer obligations.

Not sure what each tax funds or what you're responsible for as an employer? We've got you covered! OnPay's expert contributor and certified public accountant (CPA) ‪@NoelLorenzanaCPA‬ explains the purpose of each tax, their specific purposes, how they're calculated, and the critical differences every business owner should know.

💰 For more information on payroll taxes vs. income taxes, check out our comprehensive guide: https://onpay.com/insights/payroll-ta...

00:00 Who is Noel, and why should you trust this content?
0:41 What is income tax?
1:20 What is payroll tax?
2:18 Key differences between payroll tax and income tax
3:28 How income tax is calculated
4:11 How payroll tax is calculated
6:20 Employer responsibilities

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The content in this video is for informational purposes only. Please consult with a tax professional or financial advisor for specific guidance regarding your payroll, legal, or business needs.

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