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Andersson Advertising Company has been filling late the payroll taxes withheld for the government and as a result, has incurred a penalty for the
Andersson Advertising Company has been filling late the payroll taxes withheld for the government and as a result, has incurred a penalty for the past months. What is the best course of action to prevent this from happening again? Assign a clear responsibility to the accounting team to file payroll taxes withheld according to the schedules and payment deadlines. Stop withholding taxes from employee payroll and have the employees remit directly to the government. Pay payroll taxes every two weeks matching the pay periods. Hire an external company to prepare the filling of payroll taxes withheld to make sure they are done on time.
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