Payroll Tax- Business and Individual Implications

Payroll taxes, both quarterly and yearly, are one of the most common tax collection issues. Our experts understand their origins and how these taxes pile up and have the tools necessary both to address the back taxes and help the business correct its procedures to “stop the bleeding.”

Our goal is first to shield the individuals when possible from the otherwise business-only liability. Thereafter, we work with our clients to try to reduce the payroll liability when possible and thereafter set up a resolution installment agreement that will allow the business to continue to prosper without the monthly payment hindering growth.

Our experts also evaluate the tax savings potential should the business shut down and can work with qualified CPAs to determine whether changing of entity structure or reorganizing a new company may both reduce the taxpayer’s liability and allow operation under the parameters of the Internal Revenue Manual.