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Joe Diamond, CPA, CFP®, EA, MST
Diamond Financial Corporation
4256 North Arlington Heights Road, Suite 204
Arlington Heights, IL 60004
Phone: 847-884-8500
Email: customerservice@diamondfinancial.com
Website: www.diamondfinancial.com
Sole proprietors who decide to add employees need to understand payroll taxes.
Based upon your employee’s Form W-4 inputs, you’ll need to withhold federal income tax from their wages. The amount to withhold depends on things like tax filing status, number of dependents and whether the employee has multiple jobs.
Lastly, some cities, towns, and other local governments impose a payroll tax.
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Advisory Services offered through Diamond Financial Corporation, Registered Investment Advisor. Custodial Services provided by TD Ameritrade. Member FINRA/SIPC/MSRB.
Tax Preparation provided by Diamond Financial Corporation.
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