| ticletext"> | | | | business owner has been overwhelmed by the |
| When you are told that employment taxes are an | | | | seemingly endless packets of forms and booklets |
| important part of a business, you should believe it. | | | | that arrive from the IRS and the State when you |
| The failure to handle withholding from your payroll | | | | begin your business. |
| properly and to prepare and file reports timely will | | | | It may appear that learning about and performing |
| lead to a severe penalty from the IRS. | | | | brain surgery would be easier than understanding |
| The obligation to make sure that the withholding of | | | | your responsibilities in regard to tax withholding and |
| taxes from the employees on your payroll is done | | | | reporting. This will not get you any sympathy from |
| properly is a serious one for any employer. It does | | | | the IRS should you fail to do it properly and in a |
| not matter if you have only one or two employees. | | | | timely manner. The timely manner part is, perhaps, |
| The failure to obey the laws on employment taxes | | | | the more important of the two. |
| can lead to a serious IRS penalty. Many a new small | | | | |