The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency
because a large portion of the payroll taxes are your employees' withholdings. Not paying your company's payroll taxes
is tantamount to stealing your employees' money in the eyes of the IRS.
The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees' withholdings. Not paying your company's payroll taxes is tantamount to stealing your employees' money in the eyes of the IRS.
As a result, penalties for failing to pay your payroll taxes and filing your payroll tax returns on time are much more severe than other types of penalties. They can drastically multiply the amount you owe in a very short time.
If you are behind on paying payroll taxes for your company, WATCH OUT!!! The IRS is extremely aggressive pursuing collection of this type of tax. They would rather seize your business assets, close you down, sell your assets at auction, and put you out of business than allow you to continue amassing additional payroll tax liabilities.
If you are behind on your payroll taxes, DO NOT meet with the IRS on your own. How you answer their initial questions can determine whether you stay in business or not. It is critical you hire a professional representative who knows how the IRS operates.
We are honored to receive an award as the Best Accounting firm, in SMB market, for 2018 in San Francisco by the San Francisco Award Program. It is an annual awards program honoring the achievements and accomplishments of local businesses throughout the San Francisco area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value. We also help individuals with their tax problems and tax returns
Hello Victor, You were the one that made me sign up with your firm, and the kindness and availability of your team made me
stay. Thank you very much for being a part of our success.
Bouche French Restaurant
Our top reasons for working with BOL have been around BOL's ability to be consistently pragmatic and flexibly adapting to
our changing and evolving business needs while being able to do this in a a reasonably affordable
Xscend Detailing, Campbell, CA.
Service is great, fees are reasonable.
Open Resty Inc, a software company
Simon and Victor, The meeting today about tax advisory was super informative. We are so glad we found you! Thank you for
taking us as clients and we look forward to keep working with you. Happy new year!
Jason & Fan Cox
Subscribe to our newsletter to receive news, updates, and valuable tips.
An income tax form is like a laundry list - either way you lose your shirt.
The hardest thing in the world to understand is the income tax.
The difference between death and taxes is death doesn't get worse every time Congress meets.