IRS should dramatically increase payroll tax enforcement efforts, leaving billions uncollected. Employers who have been skating, should get ready to be pushed.
Criminal enforcement of payroll tax violations are growing, as are prison sentences. When it comes to payroll taxes, color within the lines.
Payroll services can file employment tax returns and hand over withheld monies to the IRS. But what if your payroll service steals your tax money before the IRS receives it? You guessed it, you are still liable for all the taxes.
Every employer must withhold taxes from employee wages, and pay them to the IRS. Violators can face steep penalties, and in some cases prosecution and prison.
All employers have to withhold and remit taxes from employee pay. Failures--where employers use the tax money for something else--are dealt with harshly.
Will payroll and the competitive balance tax might affect the Nationals trade deadline dealings?
“The electoral-economic cycle breeds a lurching, stop-and-go economy the world over. Governments fool around with transfer payments, making an election year prank out of the Social Security system and the payroll tax. There is a bias...Show More Summary
A western Missouri business owner pleaded guilty to failing to pay more than $1.4 million in payroll taxes. Federal prosecutors say 50-year-old Randy Small, of Lexington, pleaded guilty Tuesday. Small … Click to Continue »
Employers in the city pay a one-half of one percent payroll tax, but many have been exempted from this requirement. Ald Conway wants to end the exemptions for those with 21 or more employees: BOARD BILL NO. 58 INTRODUCED BY ALDERMAN STEPHEN CONWAY An ordinance pertaining to the payroll expense...
Save on payroll taxes by cutting your salary? Newt Gingrich, John Edwards and (it appears) Donald Trump did it. Maybe you should too.
On Fridsy a bill was introduced at the St. Louis Board of Aldermen to increased revenue to pay for more police, and increase their salaries. Alderman Stephen Conway says he’d like to end the city’s exemption of the half percent payroll tax granted to nonprofits. “We are losing officers,” Conway says...
State agents took financial records, payroll records, tax returns and documents from high profile clients like BlueCross BlueShield and the Ports Authority when they raided the business offices of a … Click to Continue »
Getting stuck paying someone else's taxes is the worst, and it can happen with payroll taxes if your role at an employer is considered a 'responsible' one.
May Federal tax collection data sent negative signals. The surge in April withholdings turned into a purge in May, as collections decelerated sharply. The weakness in nonfarm payrolls was no accident. Here’s why more bad news may be coming and why it may not be bearish for markets yet. Show More Summary
I am graphing the average combined federal taxes on our single earner family of four with three combinations of tax rates: Income only Income & Payroll (the employee part of social security and medicare) Income & Payroll (both the employer...Show More Summary
Tax evasion is serious, and payroll tax charges can be especially serious. Skirting payroll tax compliance like Robert N. Bertrand is alleged to have done, can be expensive. But getting to the IRS first before you are caught is key.
A proposed single-payer health system in California would cost about $400 billion annually, with up to half of that money coming from a new payroll tax on workers and employers, according to a state a...
Lego smashes its 100% renewable energy goal, Aussie police bust syndicate suspected of $165 million payroll fraud, the first trailer to Star Trek. Discovery. More »
The Oregonian reports that the state legislature’s Joint Committee on Transportation Preservation and Modernization “on Monday [May 8] unveiled a proposed package of vehicle fee, payroll and gas tax increases that would raise $5 billion...Show More Summary
Lifted from comments by Dale Coberly… This year’s Social Security Trustees Report seems to be late as usual. But this is the LAST year that a gradual increase in the payroll tax can begin and still solve some of the less understood problems of the projected shortfall in SS funding: This is mostly that a […]