Payroll Compliance: The Three Violations That Put Small Business Owners in the IRS’s Crosshairs
Of all the areas the IRS audits, payroll is one of the most aggressively enforced. Payroll taxes are trust fund taxes: money withheld from employees paychecks that the employer holds in trust until remitted to the government. The personal liability exposure is real and does not go away in bankruptcy. Violation 1: Late or Missing […]