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TomCopeland 05:08 PM 10-07-2013
Originally Posted by Abigail:
I am doing my taxes from 2012 now and had an employee the entire year. Do I have "payroll expenses" as a category and just use gross wages as the overall expense? I already do my own quarterly taxes and withholding so i'm just wondering what number to use when I bring my taxes to a tax person later this week.
You can deduct the wages paid your employee as well as all payroll taxes (federal and state unemployment taxes, Social Security taxes, workers compensation insurance). Call the first item wages and call everything else "payroll expenses" or "payroll taxes".
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