Tag Archives: payroll taxes

You’re Shutting Down Your Business: Do You Still Need to Deal With Payroll Taxes?

It’s no secret that entrepreneurship is challenging. If you’re like half of all small business owners, you’ll make the tough decision to close down within five years of launching. Unfortunately, the difficulties don’t end the moment you decide to shut down your business. A variety of tax liabilities remain on the table, including, most notably, […]

The Absolute Worst Things That Can Happen If You Screw Up Your IRS 941 Taxes

The IRS can sometimes be surprisingly forgiving of those who fail to file or pay taxes on time, particularly if they actively make arrangements for extensions or installment plans. This mercy does not always extend to those who struggle with unpaid or incorrect payroll taxes. The following are among the harshest repercussions you’ll face if […]