Although the economy has improved, we still receive a steady stream of phone calls from business owners throughout Palm Beach, Broward and Miami-Dade counties needing help resolving payroll tax problems. When facing a cash flow problem the owners of a…
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come…
Have you been notified by the IRS that your Company will undergo a payroll tax exam? Are you worried about misclassified workers? As a business owner, you are obligated to collect and remit payroll taxes for your employees. But you…
When a business employs people, they become responsible for employment taxes in two ways. First, the business must withhold part of an employee’s wages in order to pay income taxes, Social Security taxes, and Medicare taxes. These payroll taxes are referred…
The COVID-19 epidemic has created situations where employees are not able to work because they tested positive for the virus or have been quarantined as a result of a governmental order. It has also caused parents to miss work because…
Considering how many priorities, problems, and distractions a business owner deals with every day, it should come as no surprise that IRS payroll tax issues may arise. Whether you filed your payroll returns late or failed to make payroll tax…
If you’re a small business owner you may have experienced unpaid payroll tax problems at one time or another. Once you fall behind in making your payroll tax deposits it can be difficult to catch-up.
If you run your business as an S corporation, you’re probably both a shareholder and an employee. Therefore, the company should pay you a salary for the work you do for the business, which is subject to payroll taxes as…
Employers must withhold payroll taxes from employee paychecks and send the withheld money to the Internal Revenue Service. Every company of all sizes has an obligation to collect and pay payroll taxes, or 941 taxes as they are also called….
The Internal Revenue Service has rolled out a new program, the Early Interaction Initiative, designed to help identify employers who begin to fall behind in making payroll tax deposits and assist them in meeting their payment and reporting responsibilities.