Tag: IRS

News Notes: Deadline Looms For Employers To File Taxes Electronically

By HR Daily Advisor Staff Jun 1, 1997 HR Management & Compliance

Updated: May 18, 2015

  If your company pays more than $50,000 in annual payroll taxes, you must start paying electronically by July 1 or incur steep penalties. The IRS says about 230,000 employers nationwide are not yet prepared. You can use a commercial payroll service or one of the two deposit options offered by the IRS: 1) making […]

Independent Contractors: How to Protect Yourself–Before You’re Called in for an Audit

By HR Daily Advisor Staff Feb 1, 1997 Uncategorized

Updated: Feb 1, 1997

The problem can surface without warning. A former independent contractor applies for unemployment benefits, but the state can’t find any record that the person was on your payroll or that you paid unemployment taxes. Before you know it, you’re being audited and facing huge penalties for all the workers you may have misclassified as independent […]