Tag: payroll

IRS Employment Tax Violation Could Land Man Behind Bars

Payroll mistakes can cost your business big time, get the help and expertise of the industry’s trusted accounting services from Sterling Accounting.

Don’t end up like one Texas business owner who is now in debt to the IRS for an alleged $18 million. “[Richard Floyd] Tatum withheld approximately $12 million in payroll taxes from March 2008 through December 2012, which he did not pay over to the IRS. Tatum also failed to pay $6 million of AMI’s contributing share of Social Security and Medicare taxes during the same quarters…” [ Read more here ]

Make Payroll Mistakes A Thing Of The Past With Sterling Accounting

Payroll mistakes can cost your business big – and more than just monetarily. Let the professionals at Sterling Accounting handle your books and avoid devastating errors…

“Failure to comply with payroll laws can cause increased scrutiny from government agencies, penalties, fines and – in extreme cases – imprisonment. Employee goodwill also could be lost, as workers quickly tend to become disillusioned by payroll mistakes…” [ Read more here ]