Payroll Tax Management Services
Payroll tax filing requirements are complex and ever-changing. Filing incorrectly can result in costly penalties. When outsourcing your payroll tax management to a company like GMS, your business will benefit in a variety of ways.
Two Main Risks Associated With Small Business
Taxes And Management:
Financial
As a small business owner, it can be challenging to meet payroll tax deadlines and file taxes correctly. Failing to comply can result in hefty penalty fees. It is estimated that 40% of small businesses pay tax fines of more than $800 each year.
Compliance
Focusing your time on cutting checks, filling out forms, keeping up with regulations, and staying on top of tax deadlines doesn’t grow your business.