Outsourcing Payroll Duties > 자유게시판

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

Outsourcing payroll duties can be a sound company practice, however ... Know your tax obligations as a company

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

- Administering payroll and work taxes on behalf of the company where the company supplies the funds at first to the third-party.
- Reporting, gathering and depositing work taxes with state and federal authorities.

Employers who outsource some or all their payroll duties must think about the following:

- The company is eventually responsible for the deposit and payment of federal tax liabilities. Although the employer may forward the tax amounts to the third-party to make the tax deposits, the employer is the responsible celebration. If the third-party fails to make the federal tax payments, then the IRS may examine penalties and interest on the employer's account. The company is accountable for all taxes, charges and interest due. The company might also be held personally liable for particular unpaid federal taxes.
- If there are any issues with an account, then the IRS will send out correspondence to the employer at the address of record. The IRS strongly recommends that the company does not alter their address of record to that of the payroll provider as it may substantially limit the employer's ability to be notified of tax matters involving their business.
- Electronic Funds Transfer (EFT) must be used to transfer all federal tax deposits. Generally, an EFT is made using Electronic Federal Tax Payment System (EFTPS). Employers should ensure their payroll service providers are using EFTPS, so the employers can confirm that payments are being made on their behalf. Employers need to sign up on the EFTPS system to get their own PIN and use this PIN to periodically validate payments. A warning ought to go up the very first time a provider misses a payment or makes a late payment. When a company registers on EFTPS they will have online access to their payment history for 16 months. In addition, EFTPS permits companies to make any additional tax payments that their third-party service provider is not making on their behalf such as approximated tax payments. There have actually been prosecutions of and business, who acting under the look of a payroll provider, have taken funds intended for payment of work taxes.

EFTPS is a secure, precise, and easy to use service that supplies an immediate verification for each deal. This service is provided totally free of charge from the U.S. Department of Treasury and permits employers to make and confirm federal tax payments digitally 24 hours a day, 7 days a week through the web or by phone. For additional information, employers can enroll online at EFTPS.gov or call EFTPS Client service at 800-555-4477 for an enrollment type or to speak with a customer support agent.

Remember, companies are eventually responsible for the payment of income tax kept and of both the company and staff member parts of social security and Medicare taxes.

Employers who believe that an expense or notice received is a result of a problem with their payroll company should get in touch with the IRS as soon as possible by calling the number on the costs, writing to the IRS office that sent out the costs, calling 800-829-4933 or going to a local IRS office. For more details about IRS notices, costs and payment options, describe Publication 594, The IRS Collection Process PDF.