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    • GAP Planning
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Small businesses: Stay clear of a severe payroll tax penalty

NewsBy Jeff LuckeNovember 6, 2019

Managing payroll is a laborious task for small businesses. But it’s critical to withhold the right amount of taxes from employees and pay them over to the federal government on time. If you don’t, you could be hit with the Trust Fund Recovery Penalty, also known as the 100% penalty. It applies to the Social…

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