Why Small Businesses Fall Victim to the Payroll Tax Trap
It’s tough running a small business, and Covid-19 has only made it harder. After losing customers and struggling to survive, it’s understandable that some would be looking anywhere and everywhere for a little extra cash.
Business owners who fail to remit payroll taxes to the IRS on time and in full are vulnerable to harsh penalties. Scott Curley, o-CEO of FinishLine Tax Solutions looks at the dangers of borrowing from payroll funds and how small businesses can avoid the trap.
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