As a Naperville business owner, you must make quarterly tax deposits to the IRS. Your company must complete a series of filings for all Naperville payroll taxes withheld. If you are behind on paying taxes for your company, watch out! Naperville payroll taxes often create significant problems for small business owners.
Not filing, paying late, or borrowing from payroll taxes is against the law. The payroll tax money collected from employees to pay their share of federal withholding tax, FICA, and Medicare (Social Security) does not belong to the business and must be paid to the government.
Businesses are easy targets for the IRS, and they are tremendously assertive while pursuing the collection of this type of tax. They would instead seize your business assets, close you down, and sell your assets at auction than allow you to continue amassing additional payroll tax liabilities.