Outsource Payroll

Many employers outsource payroll and related tax duties (i.e., withholding, reporting, and paying social security, Medicare, and income taxes) to third-party payroll service providers. Third-party payroll service providers can help assure filing deadlines and deposit requirements are met and greatly streamline business operations.

Six Reasons for Payroll Outsourcing

6 Reasons for Payroll Outsourcing | 941 Employment Tax Liability

As an attorney who makes his living resolving tax liabilities, the majority of my clients are businesses that have accrued 941 employment tax liability.  There are numerous reasons as to why a business accrues a 941 tax liability.  These reasons range from mere lack of funds resulting from both internal […]

How to Eliminate IRS Civil Penalties And State Withholding Tax Return Discrepancies

IRS Civil Penalty | Discrepancy Notice | TaxFortress

One of the most frustrating situations my clients confront is the IRS’s addition of large amounts of tax or Civil Penalties to tax periods that ended a long time ago. There can be several reasons for additions to tax or Civil Penalties, but the most common ones I encounter are […]

Payroll Tax Deposits 101

EFTPS | Electronic Federal Tax Payment System | IRS Form 941

Starting a new business comes with an enormous amount of responsibilities.  One of the most commonly overlooked, though, is the responsibility to learn how, when, and why to report different types of taxes the business may be obligated to pay and file.  Payroll taxes, also known as employer withholding taxes […]