Tax Help Advisors, LLC can help you find a solution to your payroll problems
Failure to file and pay your payroll taxes is a sure way to get in trouble with the IRS. This can lead to large IRS penalties and debt, but it may also be considered a federal crime.
Penalties assessed on delinquent payroll tax deposits or tax filings can dramatically increase the amount owed in just a matter of months. If you don’t take quick action to address business tax audits and payroll tax problems, you will find yourself quickly out of business.
IRS payroll issues can be the downfall of many otherwise successful businesses. There are many businesses that use the proceeds collected from payroll taxes to pay their operating expenses instead of the payroll taxes. This can get you in trouble with the IRS very quickly. The money collected from employees to pay their share of federal withheld tax, FICA, and Medicare (Social Security) does not belong to the business and must be accounted for and paid to the government. For example, one must make a federal tax deposit three days after the pay date of the payroll checks. Under a new IRS directive, you will hear from the IRS very quickly if these payroll deposits are missing.
If the IRS can’t get the payments from the company, they will start action against officers, directors, owners, and others involved. If the IRS can’t collect, they will move to shut down the business and sell the assets. That is where Tax Help Advisors, LLC can help you find a solution to your payroll problems.
Tax Help Advisors, LLC has helped firms of all sizes resolve their payroll tax debt problems allowing them to continue business operations. Business owners need working capital and cash flow to keep their businesses running. Our goal is to resolve your payroll tax issues while you do what you do best, run your business.
Call us today at (704) 912-4002 to schedule your consultation.
Our goal is to resolve your payroll tax issues while you do what you do best, run your business.