| 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. Often the assessed penalties are so exorbitant that businesses are unable to pay them while trying to stay current with other liabilities. |
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