Started a small business(LLC) in Oct 2017-employed just 1 employee only..
Employee just works around 22 hrs/month
& i pay the wages monthly
no benefits(401K or Medical/Dental/Vision/Pharma insurance)
Deductions like federal income tax, social security, medicare are done in the pay check. Also federal and state unemployment tax(from the employer not employee is deducted). As employer as well as employee is in the state of texas - there is zero state income tax.
should i have to file form 940 or 941?