BizSugar.com › Taxes › Payroll Taxes Small Business

Payroll obligations and taxes come in two different varieties: those that your employee pays but that you are responsible for withholding and those that you pay and are responsible for withholding. The key here is that, no matter what, you as the employer are responsible (liable) for the proper collecting and submitting of payroll taxes and that responsibility is a serious one. Payroll taxes cannot be discharged in bankruptcy and your Uncle Sam is the last bill collector that you would every want to cross. So be very careful in learning your responsibilities and making sure that they are fully met!