The IRS has introduced new features in its online self-service tool called the Business Tax Account (BTA).

Launched as part of their commitment to service improvement under the Inflation Reduction Act, the new BTA features make tax management easier for both businesses and tax professionals.

As businesses strive to flourish in today’s competitive market, understanding and complying with payroll tax obligations is paramount. Payroll taxes, can become a significant burden for businesses that are unprepared.

This article aims to shed light on how businesses incur payroll tax debts, identify common pitfalls, and discuss the implications of failing to comply with payroll tax obligations to equip business owners and professionals who have clients with payroll, especially accountants, with the knowledge to navigate these challenges effectively.