Tag Archives: 941 Employment taxes

No Money to Pay Your 941 Employment Taxes? How to Deal

Payroll taxes are a pesky reality of life as a business owner. Not only do you need to report on any taxes withheld from employees’ paychecks, you’re also responsible for getting these taxes to their final destination. Your failure to deposit withheld taxes on time could prompt harsh consequences from the IRS — consequences that […]

Top Reasons Employers Mess Up 941 Taxes – And How to Prevent Problems

Payroll taxes are an unfortunate reality for business owners, many of whom struggle to report on and remit withholdings to the IRS. Mistakes are all too common, with some leading to such harsh consequences as garnished accounts or even criminal penalties. These issues can often be avoided, as we demonstrate below: Manual Errors Many IRS […]

You Screwed Up on Your 941 Employment Taxes: What’s Going to Happen to You and Your Business?

Owning a business can be deeply satisfying, but it comes with all kinds of tax annoyances — including payroll taxes. Not only do you need to accurately report on and withhold 941 employment taxes, but you are also responsible for ensuring that they reach the IRS on time and in full. Your failure to do […]