Steer Clear of the Trust Fund Recovery Penalty

If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty” because it applies to the Social Security and income taxes required to be [...]

By |2020-07-06T13:21:26-04:00July 6th, 2020|Categories: Blog, Tax|Tags: , , |Comments Off on Steer Clear of the Trust Fund Recovery Penalty

Small Businesses: Stay Clear of a Severe Payroll Tax Penalty

One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them over to the federal government [...]

By |2019-11-04T15:29:59-05:00November 4th, 2019|Categories: Blog, Tax|Tags: , , , |Comments Off on Small Businesses: Stay Clear of a Severe Payroll Tax Penalty