Are You Paid Up?
Don't let payroll taxes get lost when you outsource.
Many business owners farm out time-consuming payroll tasks. If you do, be warned: Outsourcing payroll functions does not outsource your tax responsibilities.
"Often, when people out-source payroll, they think, 'I don't have to deal with [taxes] anymore,'" says Mary Ash, director at tax, accounting and business-consulting firm RSM McGladrey in Madison, Wisconsin. "That's when they can really get ripped off."
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