Category: Payroll Taxes
Employment Taxes & IRS Trust Fund Recovery Penalty
If it is your responsibility to collect and pay employment taxes, this article is a must-read. Each time you pay your employees, you are responsible for withholding a percentage of the pay for Medicare and Social Security contributions, also known...
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Unfiled Tax Returns & Owing Back Taxes
Unfiled tax returns by individuals and businesses can lead to extreme consequences in both IRS and State tax situations. Many individuals and business owners don’t realize failing to file a tax return is a crime the IRS does pursue. The...
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Coronavirus Jacksonville Business Help Center
When Congress cleared the multi-trillion-dollar economic stimulus package on March 27th, it allowed for struggling Jacksonville businesses to defer a portion of their payroll tax payments owed to the IRS. That doesn’t mean that a business is relieved of the...