July 6, 2016
Top 10 Payroll Mistakes We See Companies Make
The Internal Revenue Service (“IRS”) has focused its attention on closing the tax gap and one way it hopes to do so is by collecting under-withheld employment taxes. As part of the Employment Tax Research Project it launched in 2010, the IRS is reviewing the payroll practices of 6,000 employers in four main areas:
- Worker Misclassification
- Fringe Benefits
- Executive Compensation
- Payroll Taxes
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