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Do You Outsource Your Payroll?
Beware of Payroll Scams and Potential Penalties

Many businesses find it cost effective to outsource their payroll functions to a third-party payroll company.

It is important to ensure that the company you are partnering with is reputable, because ultimately it’s your responsibility to pay federal tax liabilities. If the third-party fails to make your federal tax deposits, the IRS may assess penalties and interest that you, the employer, will be responsible for paying.

When working with a third-party, choose a payroll service that uses the Electronic Federal Tax Payment System (EFTPS). This way, you can log onto the system and verify that the tax deposits were made on time.

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