Estimated tax tip savings. If a trusted employee, like your bookkeeper, fails to deposit payroll taxes into your IRS account, you could owe hundreds of thousands of dollars before you discover the problem. Quick regular reviews of your deposits can stop such embezzlement in its tracks.
Do you think embezzlement can’t happen in your business?
No victim ever expects it to happen. But unfortunately, this is a real problem that too many business owners have suffered: you hand your payroll tax money to a trusted associate who ultimately does not deposit that money with the IRS.
Does tax law help? No! Tax law makes the situation worse. As the business owner, you are still responsible for paying the taxes even if the money was stolen without your knowledge!
How do you fight this problem?
The IRS makes this simple for you. All you have to do is ... Log in to view full article.