Key Takeaways − Falling behind on payroll taxes is serious but fixable if you act quickly. The IRS can add penalties, interest, liens, and even personal liability for some owners. Your priorities are to get current, gather records and calculate what you owe, file all missing returns, and set up a payment plan if needed. […]
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Payroll Taxes - Tips, Training, and News
The Trust Fund Recovery Penalty: Personal Liability for Late Payroll Taxes
Key Takeaways − The Trust Fund Recovery Penalty (TFRP) lets the IRS hold individuals personally liable when a business fails to pay certain payroll taxes. “Trust fund taxes” are the federal income, Social Security, and Medicare taxes you withhold from employees’ paychecks. If you don’t deposit or pay these taxes, the IRS can come after […]
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How to Request an Abatement of Payroll Tax Penalties from the IRS
Key Takeaways − If you file or pay payroll taxes late, the IRS can charge costly penalties and interest. You may be able to get penalties reduced or removed (abated) if you qualify for First-Time Abatement (FTA), or can show reasonable cause (e.g., serious illness, natural disaster, records destroyed). To request abatement, you usually: confirm […]
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Restaurant Payroll, Simplified: The Best Payroll Process for Restaurants
Quick Answer: To run restaurant payroll, collect timesheets and tip reports, calculate gross pay (including overtime, multiple rates, and tips), apply withholdings and employer taxes, and pay employees on a compliant schedule. For tips, require monthly reporting (at least $20 in tips) and withhold FICA and income tax; consider the FICA tip credit (Section 45B). […]
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Top 7 Signs It’s Time to Change Your Payroll Provider (+ How to Switch Smoothly)
Payroll touches every paycheck, tax filing, and compliance deadline. When your system struggles, your whole business feels it. A payroll provider manages employee payments, tax filings, and related compliance. Are they pulling their weight? It might be time to switch payroll providers if you notice issues.
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No Tax on Tips: How Is Payroll Affected?
Tipped income is already complicated. And it got even more complex with the passage of the One Big Beautiful Bill Act (OBBBA) in 2025, which brought major tax changes. One of the biggest? Certain tipped employees will no longer pay federal income tax on their tips.
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No Tax on Overtime: What to Know
Tucked inside the massive One Big Beautiful Bill Act (signed on July 4, 2025), the new “no tax on overtime,” rule gives many hourly workers a reason to pay closer attention to their pay stubs. Retroactive to January 2025, eligible employees can deduct a chunk of their overtime earnings from their federal taxable income. The […]
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How to Pay Payroll Taxes: Step-by-step Guide
There are a lot of things to keep track of as a business owner, with payroll taxes being one of them. The IRS requires you to withhold payroll taxes on your employees’ earnings and also contribute payroll taxes. This process can be complicated if you aren’t prepared. Read on to learn the difference between income […]
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How to Choose a Payroll Service for Your Business
Payroll software makes paying employees a breeze by calculating federal, state, and local taxes. If you’ve decided you want to use software to run payroll, you can put away your calculator and income tax withholding tables (hooray!). But, do you know how to choose a payroll service?
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Paying Remote Employees
Remote work is gaining popularity across the globe (just check out our remote work map for the full scoop). And if remote work is a whole new ballgame for your business, you may be wondering what you need to do differently to pay your workers who telecommute. Read on to learn what aspects you need […]
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