If you’re an employer located in and/or employ a team of Californian employees, paying taxes on time isn’t optional – it’s a legal obligation. Falling behind with the IRS or California’s Employment Development Department (EDD) can have serious financial and personal consequences. Below, we break down what employers need to know about some of the risks of late payroll tax payments and what steps to take if you find you or your company behind.
Federal Consequences (IRS)
The IRS takes payroll taxes very seriously because employers are collecting money on behalf of employees. If […]