Payroll Tax Management Services
Payroll tax filing requirements are complex and ever-changing. If not filed properly, they could result in costly penalties. Outsourcing payroll tax management to a company like GMS can help.
There Are Two Main Risks Associated With Small Business Taxes And Management:
As a small business owner, it can be challenging meeting payroll tax deadlines and filing taxes properly, and failure to comply can result in hefty penalty fees. It is estimated that 40% of small businesses pay tax fines of more than $800 each year. Even scarier is the fact that you may be personally liable for payroll tax penalties.
You spend a lot of time cutting checks, filling out forms, keeping up with regulations, and staying on top of tax deadlines. In other words, you spend a lot of time focusing on something that doesn’t grow your business.