Read more about the article Costly Mistakes: Failing to Remit Payroll Taxes on Time
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Costly Mistakes: Failing to Remit Payroll Taxes on Time

Like many businesses, you may be feeling the financial crunch and are tempted to use money you deduct for payroll taxes from employee wages. Failing to remit payroll taxes and retirement plan contributions in a timely manner is not only a violation of certain payroll tax laws, it can also subject your company to heavy penalties. When employers deduct income and Social Security taxes from employees’ wages, the money is not theirs to use. You must remit the deducted amounts, along with…

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