The taxes collected from employees do not belong to the business and must be paid to the government. This includes local, state, and federal withholdings like FICA and Medicare. You violate IRS laws when you fail to pay these taxes on time or make mistakes with your filings.
However, these laws continuously change. That’s why it is best to rely on a skilled professional to prepare your company’s Fox Valley payroll taxes. Jones, Savarese, Harrington & Company stays on top of the latest tax laws and regulations. Our team can help you establish a regular payroll process and accurately prepare all items required by the IRS.