HR Best Practices - Payroll Taxes

Wednesday, December 15, 2010 by Human Resources

PenaltyThe owners of a concrete company in California have been charged with 15 felony charges of payroll tax evasion and workers' compensation insurance fraud. The charges are based on allegations that the company intentionally under reported wages by disguising the funds as payments made to independent contractors. This, in turn, illegally reduced the company's state payroll tax and workers' compensation expenses. If found guilty, the company would owe $230,000 in back taxes.

 

Without proper payroll policies, companies like this one face costly legal actions. The human resources consultants at Management 2000, a Professional Employer Organization, help employers avoid these problems. Whether it’s payroll, employee benefits management or human resources administration, Management 2000 provides the HR support employers need to stay compliant and profitable. For more information, call (317) 549-2000 or visit www.management2000.com.


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