Tax Fines

Climbing the Ladder

Whether it’s a longer lunch break, the ability to telecommute, or finally getting that corner office: everyone loves getting special perks at work! In fact, many studies show that offering employees perks can actually improve productivity and efficiency. That’s why it’s a good idea to reward yourself sometimes, too! As the owner of a small to medium-sized business, you’re probably very concerned about cutting costs and reducing spending; but...

IRS Fine on Public School Illustrates Importance of Payroll

An ongoing public dispute regarding payroll tax fines appears to be coming to an end–but it hasn’t been pretty. In February, 2016, the Three Forks school district voted to pay roughly $37,000 in fines related to a routine audit that revealed errors in the school’s payroll reporting. This $37,000 actually represents a significant discount, as the original fine was nearly $50,000! Despite this generous “discount” that the school district...

Avoid Payroll Tax Fines with Precise Payroll

Every person, business, and organization has its priorities–and this is even true of the IRS! One tax that is of special interest (even to that “dreaded” government agency responsible for carrying out tax laws) is the payroll tax. Businesses that fail to turn over the correct amount–no matter what the excuse–face especially harsh fines and regulations. Don’t believe it? According to Bloomberg Business, the IRS handed down 6.8 million...