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Focus on Small Business: Tips For Employers Which Outsource Payroll

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If your company outsources its payroll and related tax duties to a third-party, there is a new fact sheet you will want to review.
July 31, 2013

If your company outsources its payroll and related tax duties to a third-party, there is a new fact sheet you will want to review.

The IRS recently issued this fact sheet to help companies protect themselves from unscrupulous third-party payers.

It's important to note that companies who outsource payroll duties are just as legally responsible for any and all payroll taxes due as those who handle their own payroll. This includes federal income taxes withheld, social security, and Medicare.

Click here to review the IRS guidance.

In addition, the IRS has published an overview of the duties and obligations of agents, reporting agents, and payroll service providers. To review this overview, please click here.

 

Under U.S. Treasury Department guidelines, we hereby inform you that any tax advice contained in this communication is not intended or written to be used, and cannot be used by you for the purpose of avoiding penalties that may be imposed on you by the Internal Revenue Service, or for the purpose of promoting, marketing or recommending to another party any transaction or matter addressed within this tax advice. Further, RubinBrown LLP imposes no limitation on any recipient of this tax advice on the disclosure of the tax treatment or tax strategies or tax structuring described herein.

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