• 목록
• 답변
• 글쓰기
• 게시판 리스트 옵션
  • 수정
  • 삭제

Outsourcing payroll responsibilities can be a sound organization practice, but ... Know your tax duties as an employer

Many employers contract out some or all their payroll and associated tax tasks to third-party payroll provider. Third-party payroll service suppliers can streamline organization operations and assist fulfill filing deadlines and deposit requirements. A few of the services they supply are:

- Administering payroll and employment taxes on behalf of the employer where the employer provides the funds at first to the third-party.
- Reporting, gathering and transferring work taxes with state and federal authorities.

Employers who contract out some or all their payroll obligations should think about the following:

- The company is eventually accountable for the deposit and payment of federal tax liabilities. Although the employer might forward the tax totals up to the third-party to make the tax deposits, the employer is the accountable party. If the third-party fails to make the federal tax payments, then the IRS might assess charges and interest on the company's account. The employer is liable for all taxes, charges and interest due. The employer may likewise be held personally accountable for certain unpaid federal taxes.
- If there are any problems with an account, then the IRS will send correspondence to the company at the address of record. The IRS strongly suggests that the employer does not change their address of record to that of the payroll service company as it might considerably limit the employer's capability to be notified of tax matters including their service.
- Electronic Funds Transfer (EFT) need to be used to deposit all federal tax deposits. Generally, an EFT is made using Electronic Federal Tax Payment System (EFTPS). Employers must ensure their payroll providers are utilizing EFTPS, so the companies can confirm that payments are being made on their behalf. Employers should register on the EFTPS system to get their own PIN and use this PIN to regularly validate payments. A warning ought to increase the very first time a provider misses out on a payment or makes a late payment. When an employer registers on EFTPS they will have on-line access to their payment history for 16 months. In addition, EFTPS enables companies to make any extra tax payments that their third-party supplier is not making on their behalf such as estimated tax payments. There have actually been prosecutions of individuals and companies, who acting under the look of a payroll service company, have actually stolen funds intended for payment of work taxes.

EFTPS is a safe, accurate, and simple to use service that provides an immediate verification for each transaction. This service is used complimentary of charge from the U.S. Department of Treasury and enables companies to make and validate federal tax 24 hr a day, 7 days a week through the internet or by phone. To find out more, employers can enlist online at EFTPS.gov or call EFTPS Customer care at 800-555-4477 for a registration kind or to talk to a customer service agent.

Remember, employers are ultimately accountable for the payment of income tax withheld and of both the company and staff member parts of social security and Medicare taxes.

Employers who think that an expense or notice received is a result of an issue with their payroll company should call the IRS as quickly as possible by calling the number on the expense, writing to the IRS workplace that sent out the bill, calling 800-829-4933 or checking out a regional IRS workplace. To find out more about IRS notices, bills and payment alternatives, describe Publication 594, The IRS Collection Process PDF.