Protect Your Business:
Avoid Costly Penalties Now with Nordlander CPA!
Unpaid payroll taxes can lead to severe penalties and even criminal charges. Don’t let this happen to you. Our experts will review your transcripts, evaluate the risks, and represent you before the IRS. Act now to protect your business and future.
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Severe Consequences of Unpaid Payroll Taxes and Payroll Relief Options
Unpaid payroll taxes can lead to severe consequences beyond financial penalties. Understanding the risks can help you take the necessary steps to protect your business and personal assets.
Civil Penalties
- Trust Fund Recovery Penalty: Unpaid payroll taxes can result in a Trust Fund Recovery Penalty, holding you personally liable.
- Personal Liability: Responsible parties can be held accountable for unpaid taxes, risking their personal property.
- Liens and Wage Garnishment: The IRS can place liens on your personal property and garnish your wages.
Criminal Implications
- Criminal Offense: Failure to pay employment taxes can be treated as a criminal offense.
- Prison Time: Business owners have faced prison time for not paying their payroll taxes.
Understanding the Four Types of Payroll Taxes
At the federal level, businesses encounter several key payroll taxes that they must manage and remit:
Social Security Tax
This tax funds the Social Security program, which provides benefits for retirees, disabled individuals, and survivors of deceased workers.
Medicare Tax
Medicare taxes support the federal health insurance program for people aged 65 and older, as well as certain younger individuals with disabilities. There is no wage base limit for Medicare taxes, but an additional Medicare Tax applies to wages above certain thresholds.
Unemployment Tax
This tax finances the federal unemployment insurance program, which provides temporary financial assistance to unemployed workers.
Federal Income Tax
While employees are responsible for paying federal income tax, employers must withhold and deposit these funds on behalf of their employees. Employers also need to file returns for these deposits quarterly or annually.
Protect Your Business from Severe Payroll Tax Penalties!
Unpaid employment taxes can lead to severe civil and criminal consequences, including personal liability, wage garnishment, and even prison time. Don’t face the IRS alone. Act now to resolve your payroll tax issues and settle payroll tax debt with our expert assistance.
Secure Your Business with Our Payroll Relief Services
Payroll taxes can be challenging, but we’re here to help you manage them smoothly and avoid penalties. Get services catered for you
- Employment Tax Resolution: We help you resolve any issues with your employment taxes, ensuring you stay compliant.
- Review Transcripts: Our experts review your IRS transcripts to find and fix any problems related to payroll taxes.
- Evaluate Civil/Criminal Implications: We assess the risks of unpaid payroll taxes to protect you from severe consequences.
- Responsible Party Interviews: We identify and interview the responsible parties to address unpaid taxes properly.
- Represent Taxpayers to the IRS: Our experienced team communicates with the IRS on your behalf, resolving tax issues efficiently.
Take Control of Your Payroll Taxes Today!
Don’t let payroll tax issues hold your business back. Our expert team can help you
- Resolve outstanding tax debts
- Ensure future compliance with ease
- Prevent costly penalties and legal issues
- Protect your personal and business assets
Schedule a free, no-obligation consultation and discover how we can create a tailored solution for your business. Let’s turn your payroll tax challenges into opportunities for growth and stability.
Nordlander CPA is Your Trusted Partner for Comprehensive Payroll Tax Solutions!
Swift Tax Issue Resolution
With 20+ years of experience with the IRS-Criminal Investigation as a special agent, we resolve your payroll tax issues quickly, minimizing penalties and interest. Trust our seasoned team to handle even the most complex tax challenges.
Effortless Compliance Management
Stay compliant effortlessly. We monitor and address tax notices on your behalf, ensuring your business meets all federal and state requirements.
Discover expert strategies to solve payroll tax problems with our bestselling eBook,
Unpaid Payroll Taxes: A Time Bomb You Can Defuse!
This indispensable guide provides practical advice for CPAs, enrolled agents, attorneys, and small business owners who need to address payroll tax issues.
What's Inside?
- Seven actions to stop a financial catastrophe and possible imprisonment before it’s too late
- Comprehensive strategies to mitigate or eliminate payroll tax problems
- Real-world examples and practical tips
- Steps to protect your business from severe financial penalties
Learn how payroll taxes can cause financial catastrophe and what can be done to fix it before it’s too late.
Payroll Tax FAQs
Payroll taxes are withheld from employee wages and also paid by the employer. When an employer withholds money from wages, those funds are considered the government’s money. Not paying those taxes carry large penalties, including possible prison time.
The FICA tax funds Social Security and Medicare. It’s 15.3% of your income, split equally between you and your employer. So, each pays 7.65% (6.2% for Social Security and 1.45% for Medicare).
Payroll taxes cover federal and state income taxes, Social Security, and Medicare taxes. Employers also have to pay their share of these taxes. Nordlander CPA can assist you in calculating and managing these taxes, making the process smooth and hassle-free.
If you don’t file payroll tax returns on time, you could face penalties, fines, interest charges, and legal issues. Nordlander CPA can assist you with payroll tax relief programs to avoid these consequences and meet your obligations on time.
- Severe Consequences of Unpaid Payroll Taxes and Payroll Relief Options
- Understanding the Four Types of Payroll Taxes
- Protect Your Business from Severe Payroll Tax Penalties!
- Secure Your Business with Our Payroll Relief Services
- Take Control of Your Payroll Taxes Today!
- Nordlander CPA is Your Trusted Partner for Comprehensive Payroll Tax Solutions!
- Unpaid Payroll Taxes: A Time Bomb You Can Defuse!
- Payroll Tax Services FAQs
Unpaid Payroll Taxes: A Time Bomb You Can Defuse!
This indispensable guide provides practical advice for CPAs, enrolled agents, attorneys, and small business owners who need to address payroll tax issues.
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