Running a business is versatile experience. Every single person who embarks on this endeavor is bound to run into different obstacles than the company next door. There are a few key things that every business owner has in common, however—and one of them is payroll taxes. Encompassing FICA and withheld federal tax, payroll taxes must be paid by the employer to the IRS. Fail to do so, and it won’t be long before the IRS casts a shadow on your door.
Not paying payroll taxes can incur serious financial penalties, which will have detrimental effects on your finances and even mean the shuttering of the business you worked so hard to build. Under certain circumstances, failing to properly handle your payroll taxes can even be considered a federal crime.
Time is of the essence when trying to clear up issues with filing and paying back payroll taxes. You might find your blood pressure rising as the hours tick by, and as the dollars owed pile up, but with help from Taxation Solutions, Inc., you don’t have to lose sleep. Every case, like every business venture, is unique, and we have the knowledge and experience to understand the nuances of your situation so we can accurately and effectively present your case to the IRS. We can help you solve your tax problem and get your Austin-area business back in great financial shape so it can continue to grow. Whether you’re running a small retail shop, operating a chain of car washes, or conducting other business, we can help you solve your payroll tax problems.