e Hidden Cost of mpliance
From misapplied tax codes to late responses to agency notices, U.S. payroll teams face growing complexity and risk. Here’s what payroll professionals should know about the penalty notice compliance challenges stateside.
Understanding the Penalty Minefield in U.S. Payroll W ith more than the U.S., compliance isn’t just about paying employees and taxes on time. It also means staying in step with a vast and constantly shifting regulatory environment, where even minor missteps can trigger costly tax notices. Each notice represents an official communication from a government authority, often indicating a discrepancy, missed deadline, or suspected 11,000 federal, state, and local taxing authorities across
04:05 I 43
ISSUE 13 GLOBAL PAYROLL MAGAZINE
Made with FlippingBook - Share PDF online