Payroll Tax Liability
Payroll liabilities are any type of payments that are payroll related that the company owes but has not yet paid. The most common payroll liabilities are the taxes that make up an employer’s 941 deposit. Payroll liabilities can be tricky. Considering it is money that must be paid out at a future date, many times it can get overlooked. If you have not paid any payroll tax liabilities for any reason, the IRS will enforce collection and can threaten to levy on the assets of the business including equipment, bank accounts, or even close your business. If your business has fallen upon hard times, or you simply need help and guidance with payroll tax liabilities, please do not wait and contact us. We understand that running a business can be difficult, let us be your guide into the path of success.