Displaying posts tagged with

“payroll taxes”

Why the IRS Deals So Harshly With Businesses That Don’t Pay Their Payroll Tax

Not paying payroll tax is something the IRS considers very serious. As an employer, you are responsible for withholding part of your employees’ wages to pay their: Income tax and FICA (Social Security & Medicare) tax. Since the employees place their trust in you that you are taking this money out of their paycheck and [...]