Hi, Ana Nelson with Merritt Business Solutions. When bringing on an employee, an employer is responsible for paying an employee’s share of withheld state and federal income taxes, Medicare and Social Security taxes. These taxes are referred to as trust fund taxes and are paid to the government quarterly. Between quarterly due dates, the most common way businesses get into trouble with the IRS is by using employees’ trust fund taxes to pay for other expenses besides those for which they are intended. The IRS is particularly aggressive about assessing and collecting these taxes. If you don’t pay on time, it is seen as theft from employees and as the business owner, you can be held personally liable for a penalty equal to the full amount of the unpaid trust fund tax, plus interest. When partnering with a PEO, they are taking the responsibility off the business owners hands and ensuring the proper amount is paid and most importantly, paid on time. Now your valuable time can be focused on your business instead of spending time IN it. Our approach is consultative and there’s absolutely no obligation to look into options for you. We are not just limited to PEO option, but we offer payroll solutions and benefits. Ana Nelson, Merritt Business Solutions. We keep your business on point by doing the right thing.

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