Wouldn’t it be helpful with your company’s cash flow if you could just not remit the social security and medicare withholding taxes?
We don’t recommend this as a strategy but, according to the US Inspector General, it’s working pretty well for some Federal agencies.
These Federal agencies owe over 14 million of back payroll taxes and, as best as can be determined, IRS is doing nothing to collect them.
If your blood boils as much as mine over this, let’s “remember in November”.
Here’s the full report. Use our Twitter and Facebook buttons to share.
He is also a founding Board Member and Finance Director of the Fayette Pregnancy Resource Center and serves on the Board of the National Equal Rights Institute.
Latest posts by David Conley (see all)
- The biggest no-brainer for 2019 tax planning:
It's never too early to start saving 2019 taxes- January 16, 2019
- What a difference a name makes!:
Are you a dealer or investor? Here's how to tell the difference!- January 10, 2019
- Is it too late to accrue a bonus for last year?:
Not if done correctly- January 9, 2019