"Debits by IRS for Taxes"

I've never understood why (every payroll) there are duplicate line-items for Social Security and Medicare.  Is this normal?  Please help!

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Hello @exetercoffeeco 

 

Yes, that's normal. Unfortunately.

 

Employee Social Security and Employee Medicare are the amounts withheld from your team's paychecks. As business owners, we then get the luxury of paying those same amounts again. That's what the Employer lines are for.

 

Gotta love the IRS... 😐

Ryan Wanner
Golden Pine Coffee Roasters
Colorado Springs, CO, USA

Square Champion: I know stuff.
Beta Tester: I break stuff.
he/him/hey you/coffee guy/whatever.

Happy Selling!

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Hello @exetercoffeeco 

 

Yes, that's normal. Unfortunately.

 

Employee Social Security and Employee Medicare are the amounts withheld from your team's paychecks. As business owners, we then get the luxury of paying those same amounts again. That's what the Employer lines are for.

 

Gotta love the IRS... 😐

Ryan Wanner
Golden Pine Coffee Roasters
Colorado Springs, CO, USA

Square Champion: I know stuff.
Beta Tester: I break stuff.
he/him/hey you/coffee guy/whatever.

Happy Selling!
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