Payroll Tax Management Services
Payroll tax filing requirements are complex and ever-changing. If not filed correctly, 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 to meet payroll tax deadlines and file taxes correctly, 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.