Dec 21 / James Orr

Introduction to Federal Employment Taxes and Setting Up Your Payroll System

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Earlier today I had the opportunity to interview Jassen for the Introduction to Federal Employment Taxes and Setting Up Your Payroll System webinar.

In the webinar, we discussed Federal Employment Taxes, the difference between employees and independent contractors (a very, very important issue for all business owners especially real estate investors) as well as how to set up your own payroll system.

Jassen also discusses how he can assist folks that have not been doing it correctly get their accounting straightened out including helping to legally and appropriately settle any IRS debts you may have from not doing it correctly.

Since real estate investors–especially my consulting and mentoring real estate investor clients (Bronze Members)–need to understand the difference between independent contractors and employees and should know how to setup payroll (or know they are hiring it out), you will find this webinar a valuable resource.

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If you have any questions about it, please feel free to post a comment below and Jassen or I will reply as appropriate.

Until my next post,

James

P.S. You may also be interested in our audio course on Accounting and Finance Fundamentals for Small Business.

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