Since the passage of the Tax Cut and Jobs Act (December 2017), it has become more difficult to discern how to prepare payroll withholding to ensure there is no balance due when failing taxes. (You do know it’s not a great idea to over withhold, since the IRS does not provide interest on your money that they will return later. Sure you get it in one big pile, but you can probable do better investing the extra funds during the year.)
Tag Archives: Withholding
In God We Trust. Everyone else…
I am sure you know that part of our services is to prepare payroll and tax submissions on behalf of clients. (Our fees are better than ADP and Paychex- and we go beyond simply providing you paychecks.). But, we also refuse to pay the taxes on behalf of our clients. A few of them are pretty annoyed- at first.