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1 Reply Latest reply: Feb 26, 2012 7:34 AM by LUCKIEST RSS

I paid $5k in bonuses before setting up payroll taxes

jmtame Newbie
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I'm involved with a startup and we were fundraising. I sent $5,000 to each of the employees as a signing bonus, but I had not gone through all of the payroll tax setup on Bank of America that I should have done. Can anyone recommend a way to move forward and let the company pay the taxes on this, or should the employees give the money back and then it gets re-sent after payroll taxes are handled?

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