What are the payroll tax forms?
9 IRS Payroll Forms for Small Business
- Form W-2. Form W-2, Wage and Tax Statement, reports the taxes you withheld from employee wages to the IRS.
- Form W-3. Form W-3, Transmittal of Wage and Tax Statements, summarizes information from Forms W-2.
- Form 940.
- Form 941.
- Form 944.
- Form 1095-B.
- Form 1094-B.
- Form 1095-C.
How do I lodge my payroll tax in WA?
Paying payroll tax
- Pay through Online Payroll Tax. If you are registered, you can lodge and pay your returns through Online Payroll Tax.
- Pay by credit card. Make payment by MasterCard or Visa card using our online payment facility or by phoning 1300 936 103.
- Pay by BPay.
- Pay by post.
- Pay in person.
Should I lodge payroll tax?
If you didn’t have a payroll tax liability in NSW for the previous financial year, you’ll need to have paid payroll tax for at least three separate months in the current financial year before you can use the estimate method.
What is a 940 tax form?
Use Form 940 to report your annual Federal Unemployment Tax Act (FUTA) tax. Together with state unemployment tax systems, the FUTA tax provides funds for paying unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax. Only employers pay FUTA tax.
Do I have to pay payroll tax in WA?
Payroll tax is payable when an employer’s (or group of employers’) total Australian taxable wages exceed WA’s threshold amount of $1 million per year. In Western Australia, payroll tax is administered and collected under the Pay-roll Tax Act 2002 and the Pay-roll Tax Assessment Act 2002 (PTA Act).
How is payroll tax calculated WA?
Payroll tax in WA is calculated at the rate of 5.5% on the difference between the taxable wages paid by an employer in WA and the deductable amount of the tax-free threshold to which the employer is entitled.