PAYROLL

Payroll is one of the most common areas where businesses find themselves in trouble. Many businesses do not have the time or resources to hire on-site personnel to handle payroll, prepare payroll tax returns or make the required payroll tax deposits. Payroll and the necessary filings and deposits are complicated and time consuming to prepare, and, if not prepared by a knowledgeable individual, even small mistakes can lead to substantial IRS penalties and interest. We can provide you with full payroll services for all of your employees including executive payroll services for your top management. We will file all necessary payroll-related tax returns and make all necessary tax deposits and payments according to state and federal requirements. We will also prepare and mail all Forms W-2 and W-3.

TRUST FUND RECOVER PENALTY

One area that sometimes can cause problems for businesses is the Trust Fund Recovery Penalty (TFRP). Any person or business who fails to collect or pay income, employment, or excise taxes can be assessed penalties on the unpaid taxes. Once the penalty is assessed, the IRS can take collection action against your personal assets that could include a federal tax lien or levy (seizure) of property. Obviously the way to avoid this sort of action is to make sure that all employment taxes are collected, accounted for, and paid on time. Esquire Group will ensure that all of your filings are timely and that taxes are collected accurately and paid promptly.