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Actual for You - Outsourced Payroll Results in Fewer Tax Penalties, Study Finds
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Reduced Frequency of Tax Penalties
69% of those participating in the study said that the frequency of paying tax p
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Reduced Dollars Spent on Penalties
72% of those participating in the study said that outsourcing their payroll reduced the actual dollar amount of tax penalties being paid to various government agencies. Only 1% said their payroll tax penalties increased by outsourcing. The remainder, 27%, said there was no change in the dollar amount of tax penalties by outsourcing.
Reduced Frequency of Tax Penalties
69% of those participating in the study said that the frequency of paying tax pe
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Reduced Dollars Spent on Penalties
72% of those participating in the study said that outsourcing their payroll reduced the actual dollar amount of tax penalties being paid to various government agencies. Only 1% said their payroll tax penalties increased by outsourcing. The remainder, 27%, said there was no change in the dollar amount of tax penalties by outsourcing.
Reduced Frequency of Tax Penalties
69% of those participating in the study said that the frequency of paying tax p
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Reduced Dollars Spent on Penalties
72% of those participating in the study said that outsourcing their payroll reduced the actual dollar amount of tax penalties being paid to various government agencies. Only 1% said their payroll tax penalties increased by outsourcing. The remainder, 27%, said there was no change in the dollar amount of tax penalties by outsourcing.
Reduced Frequency of Tax Penalties
69% of those participating in the study said that the frequency of paying tax p
Are you an Anaheim homeowner who suspects that you have a mold problem? If you do, you should get that problem taken care of right away, as some molds can be dangerous to your health. When it comes to taking care of a mold problem, you need to have your mold removed. While there are some instances where you could try and remove the mo
Reduced Frequency of Tax Penalties
69% of those participating in the study said that the frequency of paying tax p
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Reduced Frequency of Tax Penalties
69% of those participating in the study said that the frequency of paying tax penalties was reduced by outsourcing their payroll. 2% said the frequency of paying tax penalties increased by outsourcing, and the remainder, 29%, said there was no change in the frequency of paying tax penalties by outsourcing.
Why Should Businesses Reduce Payroll Tax Penalties?
There are three important reasons businesses should strive to reduce payroll tax penalties:
- Payroll tax penalties are quite stiff; paying them damages cash flow
- Payroll tax penalties are not deductible on tax returns
- Late payments and filings are frustrating to those who are responsible for them; decreased productivity results
Unlike other business expenses, there is no financial benefit to paying payroll tax penalties. They are truly
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