Category: Payroll Taxes
IRS Trust Fund Recovery Penalty
If you have the duty to collect and pay employment taxes, this article is a must read. Every time an employer pays an employee, they withhold a percentage for contributions for Medicare and Social Security, also known as FICA (Federal...
Read More
When You Have Unfiled Tax Returns
When an individual or business has unfiled tax returns it can lead to some of the most severe consequences possible in both IRS and State tax situations. Most individuals or business owners don’t realize that failing to file tax returns...
Read More
Coronavirus Business Help Center
Struggling companies can now defer paying a portion of their payroll taxes to the IRS according to the multi-trillion-dollar economic stimulus package that cleared Congress on Friday. Companies will still be required to collect and pay each employee’s share to...
