Help With Payroll Tax Problems

While any tax problem is intimidating, payroll tax issues are particularly dangerous, as they can come with potential criminal charges for business owners and all others singing off on payroll checks. If the IRS has placed a lien on your business due to payroll tax problems or if you haven’t paid payroll taxes to keep your business afloat, you need professional tax assistance immediately.

At Ryan Tax Defense, our CPAs and tax lawyers provide payroll tax help in Tampa. Contact us today for a free consultation and learn more about what we can do to help you and your business.

Common Payroll Tax Mistakes

Payroll can be difficult to manage on its own, which is why many companies have entire departments dedicated to the processes. Money is withheld from each employee’s paycheck and then must be sent to the government to satisfy state and federal taxes. For business owners whose companies are in financial trouble, this withheld money sitting in their accounts and waiting to be sent to the government can seem like an opportunity to use in other parts of the business.

Payroll tax money is commonly and mistakenly used to pay off debts, monthly leases, utilities, or loans for assets. However, the government looks at this money as their own and considers it stealing if those funds are not properly sent to satisfy payroll taxes. The IRS then takes action against business owners and all those signing off the payroll, levying civil and trust fund penalties against them for negligence.

Our tax professionals understand it’s tempting to save a struggling business with funds that are temporarily available. We also understand the ramifications of doing so and are committed to helping you find a solution to restore compliance.

Solutions to Payroll Tax Problems in Tampa

Our tax experts intervene and work with the IRS to convince their representatives that your business is going to survive and is worth more as it regains compliance and thrives. While the IRS’ initial goal is to shut down non-compliant businesses, seize assets, and auction valuables to reclaim owed funds, this is an extensive process that requires significant time and manpower on their part. The IRS, like any company, wants to use their time efficiently and can be negotiated with to let your business remain functional.

After working with the IRS to keep your business open, Ryan Tax Defense works alongside you to accomplish the following:

• Set up non-collectible status as a temporary pause on repaying tax debt
• Ensure business processes are in compliance and do not create more tax debt
• Support ongoing business profitability to demonstrative value to the IRS

Visit our Firm for IRS Tax Help!

Payroll tax problems are serious and require the help of an experienced professional. Even if you shut your business down due to financial hardship, or claim bankruptcy, your payroll tax debt will not be discharged. The best way to seek resolution is to work with a trustworthy and experienced firm. At Ryan Tax Defense, we have the skills and experience you need to work with the IRS. Contact our Tampa payroll tax experts today to get started.