How to avoid getting hit with payroll tax penalties
Wolff and Taylor July 9, 2018 No Comments Share
Small Business09 Jul
For small businesses, managing payroll can be one of the most arduous tasks. A crucial aspect is withholding and remitting to the federal government the appropriate income and employment taxes. If your business doesn’t, you, personally, as the business’s owner, could be considered a “responsible party” and face a 100% penalty. This is true even if your business is an entity that normally shields owners from personal liability, such as a corporation or limited liability company. Contact us to learn more about hiring a payroll service.
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