Few mistakes will close a business faster than failing to pay employer-withheld income taxes to the IRS on a timely basis. Common mistakes include:
- Misclassifying employees as independent contractors
- Filing false returns
- Failing to properly classify S-Corp partnership distributions as income
- Temp agencies failing to properly withhold and pay taxes – Yes, you could be liable!
- Paying cash to employees and not withholding taxes.
IRS fraud can result in fines, repayment of money owed, and even jail time. Having a professional process your payroll will protect you and make sure you’re taking care of all of the regulations.
We offer full payroll service and can do as little or as much as you want including check printing and tax deposits. Or if you prefer to do it in house we can handle your tax deposits and prepare your reports.