Employee

Deciding whether a merger or acquisition is the right move

Merger & Acquisition, Small Business, Strategic Business Planning, Tax / Douglas Freeman

Merging with, or acquiring, another company is one of the best ways to grow rapidly. You might be able to significantly boost revenue, literally overnight, by acquiring another business. In contrast, achieving a comparable rate of growth organically — by increasing sales of existing products and services or adding new product and service lines — […]

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Employers: Be aware (or beware) of a harsh payroll tax penalty

100% Penalty, Employment Tax, Federal Income Tax, Internal Revenue Service, Social Security, Trust Fund Recovery Penalty / Douglas Freeman

If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh penalty can be imposed. To make matters worse, the penalty can be assessed personally against a “responsible individual.” If a business makes payroll tax payments late, there are escalating penalties. And

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