10-Day Plan For Establishing A Payroll System; Day 10: Learn How to Report Payroll Tax

STATEN ISLAND, N.Y. -- The following tip is part of Victory State Bank’s 10-part series based on the U.S. Small Business Administration’s (www.sba.gov) 10 steps for setting up a payroll system for your business.

Report Payroll Tax

There are several payroll tax reports that you are required to submit to the appropriate authorities on either a quarterly or annual basis.

If you are in any way confused about your obligations, take a look at the IRS's Employer's Tax Guide, which provides some very clear guidance on all federal tax filing requirements.

Visit your state tax agency for specific tax filing requirements for employers.

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com .

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