“Urgent: Protect Yourself
from Costly Payroll Fraud”
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Imagine discovering that your trusted CPA embezzled payroll taxes—funds you are ultimately responsible for paying the IRS. This isn’t just a hypothetical scenario; it’s a reality that business owner Rodney Taylor faced after his CPA stole between $1 million and $2 million over several years.
This alarming case underlines the essential truth: delegating payroll does not absolve you of your responsibilities to the IRS. Despite recovering a substantial portion through legal actions, Mr. Taylor remained liable for the embezzled funds plus severe penalties.
What you can do to protect your business:
- Direct Oversight. Ensure payroll reports are delivered directly to you, allowing personal verification.
- Regular Checks. Frequently check your IRS electronic federal tax payment system (EFTPS) to confirm proper payment handling.
Preventative measures are simple yet powerful. They safeguard your business and keep you in control of your financial obligations.
Please take a moment to read the article and consider how its insights could fortify your payroll management strategies.
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“Urgent: Protect Yourself
from Costly Payroll Fraud”