Downers Grove Payroll Taxes

Managing employee payroll isn’t as simple as calculating the amounts due, writing the checks, and handing them out. That’s why we offer comprehensive payroll services and accurately prepare all items necessary for IRS compliance. Jones, Savarese, Harrington & Company’s services for Downers Grove payroll taxes ensure your employees receive the correct pay and taxes are handled accurately.

Incorrect payroll tax withholdings can mean serious problems for your business. Unlike individual accounts, the IRS is not bound by limitations from Congress that protect civilian living standards.

By outsourcing payroll management and payroll tax preparation, you’ll be able to dedicate more time and energy to expanding your business and fulfilling customer needs. You can feel confident that your employees are paid on time and that seasoned financial experts handle the taxes. Our team can help you manage payroll taxes to allow you to focus on growing your business.

Things to Know About Downers Grove Payroll Taxes

  • The IRS tends to focus on tax collection from small businesses, especially during economic recessions.
  • You can lose your business due to aggressive IRS collection procedures because IRS officers have unyielding authority.
  • They can padlock your business doors, as well as seize your machinery and equipment.
  • The IRS can contact your customers. If your customers owe you any money, these funds can be intercepted in the payroll tax collection process.
  • Not paying your payroll taxes can be considered a federal crime.

You must be aware of your payroll tax obligations as a business owner. These taxes are an essential part of your business’s overall financial health. Payroll taxes are a significant source of revenue for the federal government. The penalties for late payments can be severe enough to warrant a personal bankruptcy filing by a corporation or LLC owner or shareholder.

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