Resolving a Payroll Tax Debt

A business owner may be waiting and hiring for a contractor or a payroll service to pay an invoice or for the bank to approve a short-term loan. If one of these improvements doesn’t materialize, the business can unintentionally be left unable to pay the back taxes and can suddenly face a very sizable and unexpected tax debt. learn more here!

In light of the current economic slowdown and the tightening of credit, it is very common with all the employers to find themselves the burdened with those unpaid taxes. Business owners basically matches their employment withheld taxes from all of their employees’ salaries and pay checks as well as to remit those taxes in the IRS office along with all the standard tax withholdings. When times are tough, it is not uncommon for an employer to delay in paying its payroll withholdings in the hope of being able to send them later when circumstances have improved.

Since the IRS defines a responsible person as any person or group of people who have the power to direct, collect, account for or pay trust fund taxes, that person may fit any one of the following descriptions:

  • A corporate director or shareholder
  • An employee or officer of the business or corporation
  • A partnership member or employee
  • A board member of a non-profit organization
  • Any other person with control or authority over the payment of the taxes or visit us on


No matter what the cause is, delinquent payroll will comes back and the payroll taxes which are unpaid can possibly cause a problems for the host. Most of the portion payroll company’s taxes are the amounts withheld coming from the employees’ wages. In order to pay on their share from the taxes of federal withholdings, and the FICA or shall we say social security. In other words, a portion of the total amount owed is actually the employee’s money that the employer is holding in trust to remit to the IRS or State Tax Agency on the employee’s behalf. If a company fails to file a payroll return or pay its payroll taxes, the employee’s IRS and State accounts will not be credited at tax filing time.

officeIf you are a business with a tax debt, we can help you evaluate through hiring staff from payroll services the available tax settlement options and resolve your tax debt problem. Because we know the collection laws and have experience negotiating with the IRS, we are in a better position than an individual taxpayer to stop enforced collection activity and to arrive at a reasonable tax settlement with the IRS. For more information about our tax debt resolution services.

Due to the combined effect of the factors discussed in the previous paragraph, a tax debt can potentially result in the downfall of an otherwise successful business. In light of this risk, all firm will always give advises about financial troubled business on owners in order to make each of the effort in complying all the tax being filed within the deadlines as well as on paying any related taxes in a timely fashion. If a payroll tax debt already exists, we encourage prompt action as the best way to get control of the situation and obtain tax relief.


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Avoid Payroll Mistakes – Employ an Expert!

Payroll is one of the most important financial responsibilities and paying employees’ wages in a timely fashion is essential to ensure worker loyalty and satisfaction. It can often be a good idea for busy or confused business managers to employ an independent financial firm and hire payroll service provider to ensure the smooth running of their payroll. Milton Keynes has an abundance of qualified accountants who are keen to take on these responsibilities.

Accounting can be a headache for any business manager, and taking care of financial responsibilities in-house can take a good deal of time and effort that may be better spent elsewhere. This can be particularly true for smaller business owners, who may find that they are taking responsibility for many areas of the company, over a wide range of skill sets. However, accounting is an area in which specialist skills and expertise are essential, particularly when dealing with important aspects such as tax deadlines and managing the payroll. Milton Keynes business owners have the fortune to be located in a central location within the country, in an area that has a huge range of companies and supporting industries.

When searching for a firm to maintain the company payroll, Milton Keynes business owners could be advised to start any search online like in Many common search engines such as Google can be useful for finding accountancy firms and the range available should be fairly well represented. However, for a more specific result it may be a good idea to try a local directory. When choosing a company to maintain the payroll, Milton Keynes may have a more detailed listing site that has contact information for a range of independent financial advisors.

Milton Keynes has been constructed in a grid system, similar to the layouts of many American cities. This system makes the city ideal for businesses to operate, as it is easy for customers, workers and suppliers to reach any premises. Consequently, there is a huge range of busy companies that finds it easier and more efficient to contract out their financial responsibilities such as payroll. Milton Keynes has a large network of supporting companies such as accountants and similar advisers who are able to take on these tasks, leaving managers with much more time to commit to their companies.

There may also be sites with ratings or comments from existing customers, which can be incredibly useful when faced with a large choice of companies. The thoughts of current or previous customers can help to ascertain the reputation and customer service capabilities of various companies, and can help potential customers to find the right accounting firm for them. Whichever company is selected, it is essential that the customer feels confident to entrust their financial responsibilities to the firm that they have chosen. This payroll service can be found on many sites, but is also available from Yellow Pages online, where specific businesses can be found within a certain area or county. It is even possible to search within a specific postcode, so it is easy to find local businesses.

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