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The IRS webpage on employment taxes for small businesses covers several important topics. It explains the various types of employment taxes that businesses need to deposit and report, including federal income tax withheld from employees’ paychecks, social security, and Medicare taxes for both the employer and employee portions and the Federal Unemployment Tax (FUTA).

The page clarifies that employers must deposit the withheld federal income and additional Medicare taxes, as well as the employer and employee shares of social security and Medicare taxes. Additionally, employers must report all wages, tips, and other compensation paid to employees. The page emphasizes the necessity of depositing and reporting these employment taxes by the required due dates. It also mentions that “X” forms are used to correct or adjust previously reported employment taxes and claim refunds for any overpaid taxes.

Furthermore, the page provides information on how to electronically file employment tax forms. Finally, it gives guidance on notifying the IRS of any changes to the business’s address.