Subscribe to our free newsletter for tax tips and financial advice!

Business & Payroll Issues

Business Payroll Tax IssuesThere are many tax responsibilities that comes with owning your own business. One of the most important requirement is withholding payroll taxes. When the business owner holds the employee's money in trust until the federal tax deposit is made, the responsible owner risks the 100% payroll penalty, or "trust fund recovery penalty". As a result, the TFRP can cripple or even close down the most successful businesses. The trust fund recovery penalty can create difficult problems for the business owner, but The Taxperts can help before it jeopardizes your property and interferes with your life.