I just started my own business the other month. Obviously I'm going to have a bit to write off on taxes next year, and starting it so late in the year I'm making very little profit from it. I currently have zero employees, including myself. Next year however I'd like to start paying myself as well as hire a few people on a contractor basis. I would like to pay them by check in the agreed amount and have them take care of their own taxes. If I have the employees take out their own taxes, do I still need to report how much I paid to who? If so what papers do I need to fill out?
