Woodson and Associates’ Post

Around 33% of employers make payroll errors each year. As the industry leader in tax filing acceptance rates, we actively work to identify problems before they escalate, saving you the time and money it takes to fix mistakes. Learn more about how we leverage proactive audits and a proprietary tax engine to simplify compliance and keep you ahead of the game. https://hubs.ly/Q02LHzrb0

Joining a blacklisted payroll scheme might seem like an easy way to reduce taxes, but the risks are high! Contractors can face heavy financial penalties, unexpected tax bills, and lasting damage to their reputation. ⚠️ In our latest blog, we dive into the severe impacts these schemes can have on your career and finances, and how to avoid them. 👉 Read more: https://bit.ly/4dZVElE #Contractors #PayrollSchemes #TaxAvoidance #Compliance #i4Services

🚨 A Wake-Up Call for Business Owners on Payroll Tax Compliance 🚨 Two business owners recently faced federal charges for allegedly evading payroll taxes and employing unauthorized workers. Now, they’re facing potentially decades in prison and significant fines. This case underscores a crucial lesson: the IRS takes payroll tax compliance very seriously. Are you confident in your company’s payroll tax processes? Proper tax compliance isn’t just a matter of ticking boxes—it’s essential for protecting your business and your team. 💼🔍 Here are a few key takeaways for business owners: ● Ensure all employee classifications are correct (and legal!) ● Stay on top of Social Security, Medicare, and income tax withholdings ● Consider regular audits to catch any potential issues early Tax compliance is more than just avoiding penalties—it’s about safeguarding the future of your business. Don’t let a simple mistake jeopardize everything you’ve worked for. Click right down below to increase your knowledge further! 💡https://lnkd.in/gi97SNmz #BusinessCompliance #PayrollTax #IRS #TaxLaw #BusinessOwners

As an S-Corp owner, determining reasonable compensation is crucial—not just for compliance with IRS rules but to avoid costly penalties. The IRS expects shareholder-employees to pay themselves a fair salary, comparable to industry standards, and be ready to back it up with verifiable data, like job listings or pay benchmarks. Failure to meet these standards can lead to reclassification of distributions, additional payroll taxes, and even penalties if compensation falls below market value. Not sure if you’re paying yourself appropriately? Let’s talk—I can help ensure you’re on the right track! #taxtips #scorp #smbtax

Payroll tax can catch many business owners off guard, and it’s often tricky to navigate if you're not well-versed in the details. It’s a cost that’s not always on the radar but can lead to backdated charges, fines, and interest if missed. This is a crucial topic to discuss with your accountant, especially if you employ staff across different states. Unsure if payroll tax applies to your business? Let’s chat, and I’ll guide you through the complexities of Australian tax obligations. #PayrollTax #AustralianBusiness #TaxTips #BusinessFinance #SmallBusinessSupport #AccountingAdvice #PayrollManagement #TaxCompliance

📉 Payroll mistakes cost businesses millions in penalties annually—don’t let it happen to you! 💸 📊 Accomate Global takes the hassle out of managing payroll and sales taxes. 🧾 From accurate calculations ✅ to timely submissions ⏰, we handle every step with precision. 🔍 💼 Our team ensures compliance with federal, state, and local laws ⚖️, giving you peace of mind 🧘 and protecting you from audits. 🔒 🚀 Focus on building your team 👥 and business 💼; we’ll handle the complex tax details seamlessly. 🔄 #PayrollManagement #TaxCompliance #BusinessSolutions #SalesTax #PayrollServices #TaxExperts #NoMorePenalties #FocusOnGrowth #SmallBusinessSupport #EffortlessPayroll #BusinessEfficiency

Are you facing IRS scrutiny over payroll tax misclassification? Don't wait for penalties to pile up — take advantage of the IRS voluntary disclosure program with Moskowitz LLP. Our experienced team helps businesses rectify past mistakes and avoid hefty fines through proactive compliance measures. Protect your bottom line — call 888-TAXDEAL or visit moskowitzllp.com to resolve payroll tax issues today.

𝗦𝘂𝗿𝗽𝗿𝗶𝘀𝗲! 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗕𝗼𝗻𝘂𝘀𝗲𝘀 𝗔𝗿𝗲 𝗧𝗮𝘅𝗲𝗱! 𝗣𝗿𝗼𝘁𝗲𝗰𝘁 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝗳 𝘄𝗶𝘁𝗵 𝗣𝗿𝗼𝗽𝗲𝗿 𝗣𝗮𝘆𝗿𝗼𝗹𝗹 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴 💰 Did you know that your hard-earned employee bonuses are subject to taxes? Don't get caught off guard! Learn how to ensure your bonuses are processed through payroll correctly to comply with tax regulations and avoid any potential penalties. Check out my video to learn more about it and share your thoughts in the comments. ⬇️ ➖➖➖ Over the last two decades, through strategic tax planning, I have helped multi-entity business owners increase business profits, pay less in taxes and keep more money. Through the "Smarta Method," I have successfully saved business owners on average more than $20,000 in income taxes annually. With over 1,600 tax strategies available, the "Smarta Method" identifies the ones that: 💰 Increase Business Profits 💰 Increase Business Cash Flow 💰 Increase personal wealth 💰 Reduce Taxes ***** 👉 Type “MARTA” in the COMMENTS, and I will send you a FREE PDF copy of my "5 Proven Steps to Stay in Charge of Your Hard-Earned Dollars and Keep Your Taxable Income in Your Pocket!" #HereToHelp #FinancialFreedom #YourvaluedCPA #Taxtips #Taxadvice #Entrepreneurs

The first month of the new tax year is officially over! Feeling overwhelmed with your company's payroll and tax obligations? Now is the perfect moment to consider a change to DNA Outsourcing - We bring more than just stability to your operations—we bring peace of mind. With our expert team at your side, navigating the intricate landscape of tax laws and regulations becomes a breeze. From payroll management to compliance with the latest legislative requirements, DNA Outsourcing has you covered every step of the way. Our tailored solutions ensure that your company stays on track and ahead of the curve, no matter what the year throws your way. Don't let another month go by without taking charge of your company's financial future. Make the switch to DNA Outsourcing today and experience the difference firsthand. #TaxSeason #OutsourcingSolutions #FinancialStability #DNAOutsourcing

⏰ Here we go!! ⏳ Few hours to go… Are you aware that the IRS made substantial changes to withholding calculations in 2020, and employees are still learning about these changes? Join our live session, “Form W-4 and other 2025 Payroll Updates”, where our expert speaker, Jason T. Dinesen 🎤, the President of Dinesen Tax & Accounting, will explain key topics, including: 🔹 Sneaky difficulties of the W-4 🔹 What employers do with the W-4 🔹 The latest version of Form 941 🔹 W-2 and 1099 updates for 2025 🗓️ When: Today, December 13th, 2024 ⏰ Time: 10 AM PT | 1 PM ET This session is feasible for all: Accounting Personnel, Business Owners, Lawmakers, Attorneys, and Managers. 🤝 Sign up here- https://lnkd.in/eAR3vt6i 🌟 Claim this time-sensitive opportunity by using our 🎟 promo code “OFF50” and enjoy a 💵 $50 discount! For more information, contact us at 📧 support@complianceinstructor.com. #PayrollUpdates #IRS2025 #FormW4 #TaxWithholding #AccountingTips #LiveSession #TaxLaw #BusinessUpdate