What is withholding tax? What are the duties of a store-keeper? And what are the document handle by a store keeper

In order to increase compliance some jurisdictions require taxpayers subject to income taxes to make multiple payments during the year. These are often deducted from an employee's salary or wages by the employer. The employer then forwards those funds, along with a listing of employee names, social security numbers and each employee's individual withholding amounts to a government account.

Depending on jurisdiction there may be state or local taxes that will have to be withheld too. In addition to income and social security taxes there might be requirements for employee and/or employer payments for things like unemployment and insurance for the treatment of injuries and illnesses that might occur in connection with the employee's duties.

For these reasons many small businesses hire certified accountants to regularly review the business's financial transactions to insure all the requirements are being met. It's common for the employers to pay those specialists to calculate their employee's wages, the required deductions and even prepare the paychecks for employees that don't utilized direct deposit to their bank accounts.

In the US many employers are also required to collect forms from new employees associated with their ability to legally work in the US.