Houston, TX (PRWEB) April 27, 2013
Global Tax Services is among the most trusted and reputable tax resolution company serving the Houston area, and the company recently announced new payroll tax resolutions to best meet the needs of its business clients.
Global Tax Services is now offering new payroll tax services that Houston area companies can put to use immediately when they are dealing with the IRS. They have also recently hired new tax professionals that are highly trained and experienced. These professionals are up-to-date with the changes in tax laws that occur on a regular basis. They can provide businesses with expert advice and guidance, and they can also represent and assist companies with IRS meetings and negotiations. The consequences associated with not paying payroll taxes or paying the wrong amount can be tremendous, so it is in a company’s best interest to seek expert assistance when dealing with the IRS.
Business professionals today understand just how complicated payroll taxes can be. Between federal and state withholdings, unemployment taxes, Social Security and Medicare taxes and more, it can be a time-consuming challenge for companies to get payroll out each pay period. Whether a company has outsourced this task or has continued to complete the task internally with the assistance of their own staff's efforts, many are now facing IRS challenges in relation to their payroll taxes.
Whether employees are hourly or salaried, determining their gross amount of income each pay period often is simple. However, with the many deductions and withholdings that must be made from each paycheck, processing payroll to determine net take-home pay for each employee can easily become a burdensome nightmare. Factors like health savings accounts, employer-matching IRA programs, limits on tax deductions for retirement programs, Social Security taxes and more can all affect payroll, and these may affect most or all of a company’s employees. If wage garnishments are mandated for some reason, the task of processing payroll can get even more complicated.
Companies may be required to submit quarterly tax payments of withholdings to the IRS, and they also must submit additional forms at the end of each tax year. When a company fails to submit the required forms or the required payment or when the numbers are off, a company may be contacted by the IRS. It is imperative that a company responds to these inquiries in a timely manner to avoid additional penalties. However, it is also important to note that there are different resolutions and services available to help companies that are actively dealing with IRS issues. Global Tax Services is a Houston area company that has considerable experience assisting businesses in this capacity.
Some professionals may be aware that they have made a mistake with their payroll taxes, but they may not know how to correct the problem. Others may have been contacted recently about an issue that they were not aware of previously. Regardless of the specific circumstances, Global Tax Services can assist with all IRS tax problems a company may be facing. There are various payroll tax services that companies may utilize to ensure that they enjoy the best resolution possible. Those who would like to learn more about these services or who need urgent assistance can call the company by phone at 877-700-4917 today.