Another one bites the dust.
A payroll company.
This seems to happen at least every 12 to 18 months. And, the problem isn’t that these firms fail- it’s what they do to their clients when they do.
Continue reading Who does your payroll?
I read Warren Buffett’s piece, Better than Raising the Minimum Wage, in Friday’s Wall Street Journal. I expected better from Mr. Buffett, who has generally come across with better taxation and income ideas publicly. This piece is not up to his normal standards- because it is yet another method to have the US citizenry subsidize the actions of moderate and larger sized businesses.
Continue reading Sorry, Warren- that is a terrible idea
The guaranteed way a company owner can get himself (or herself) in deep, almost unrecoverable, trouble with the IRS is to not pay employment taxes. Employment taxes are the withholdings of income tax, Social Security, and Medicare from an employee’s paycheck. The IRS is forever on the lookout for companies that fail to pay these taxes on time.
Continue reading Go Directly to Jail. Do NOT Pass Go!