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You’re Way Behind on Your IRS Employment Taxes: How Do You Triage And Regain Control?

Not just anybody is capable of running a business. While deeply fulfilling, entrepreneurism can be stressful even during the best of times. Much of this derives from constant issues with taxes and compliance. Employment taxes, in particular, are a hassle — and the problem is even worse if they’re not paid on time. If you’ve […]

Penalties for Completing IRS Form 941 Late (Or Not At All)

As a business owner, you may struggle to keep up with the myriad of obligations you hold to the IRS. From forms to withholdings, and sometimes, fines, it’s a lot to manage. IRS Form 941, in particular, tends to fall through the cracks. This quarterly form outlines taxes withheld on employees’ behalf, but all too […]

5 Consequences of Failing to Resolve an Employment Tax Debt

Between the complications of tax season and the annoyance of quarterly payments, many self-employed professionals are consistently tempted to skip out on tax payments. Few, however, actually succumb to this temptation. If you fail to take care of self-employment tax debt, you may face one or more of the following consequences: Larger Payments With Interest Expect […]