04:05 AMERICAS
U.S. Practitio Common Em Tax Pitfalls
Payroll tax professionals know to not only identify instances of payments that could be taxable and reportable, but also how to determine the amounts subject to a tax and when these need to be paid. It’s a tall order in any country, but the U.S. has its own complexities. A fter five decades of working in this realm, I’ve seen my share of problems. There have been issues that, when not checked or remedied, end up costing companies with employees in the U.S. thousands, even millions, in back taxes and penalties.
Author: Fred A. Basehore, Jr., CPP Over the past five decades, Mr. Basehore has leveraged his extensive Payroll experiences to the benefit of his employers and the overall Payroll community. Formerly, Fred was Sr. Director of Payroll Tax & Compliance for Guidehouse Inc., and this followed several years at KPMG’s employment tax group. As an active member of the former American Payroll Association, Fred - that organization’s Payroll Man of the Year in 1992 - traveled the country speaking and teaching Payroll professionals about tax compliance and other key Payroll issues. Currently, he is the owner of F.A. Basehore & Associates, offering Payroll/ Payroll Tax Consulting Services.
Contact Fred by email: fabjrcpp@yahoo.com Or call +1 717 279 8448
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GLOBAL PAYROLL MAGAZINE ISSUE 12
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