Employment Tax Consulting


It is not difficult to err in the maze of state and federal employment taxes, which is why for most companies, even smaller companies, it is simply easiest to ‘farm out’ this function to a (reputable) payroll service.
The penalties for non-compliance in this area can be particularly harsh (e.g. strict penalties for failing to deposit timely, at times up to 10% of gross payroll as the penalty for mis-filing of W-2s). And for owners of business entities (and even ‘key’ managerial employees), personal liability may survive the demise of the business, pursuant to the trust fund penalty provisions.