IRS Audits on the Rise for Small Businesses

IRS Audits on the Rise for Small Businesses

Effective August 19, 2022, President Joe Biden is working to help build the economy and reduce inflation impacts by signing the Inflation Reduction Act. What does this mean for your business? Learn more.

Inflation Reduction Act

The Inflation Reduction Act has recently undergone a key provision targeting small businesses. An extra $80 billion is going towards the IRS to help target under-reported income, especially among small business owners.

According to reports, up to 90% of the $200 billion estimated collection from the IRS from the passing of this legislation will come from small businesses that make less than $200,000 each year.

The Time is NOW to Hire a Payroll Service

With small businesses being the target of the latest legislation, running payroll correctly for the first time has become the highest priority for business owners. Thankfully, Primary Payroll is the best payroll company in Long Beach.

What Is a Payroll Service?

By hiring a payroll service, such as Primary Payroll, you can begin to automate the processing of a multitude of business essentials, including:

  • Payroll calculations
  • Check processing
  • Direct deposit
  • Payroll tax filings
  • Quarterly and year-end tax filings
  • … and more

Many companies opt for using payroll services because it helps employers meet required filing deadlines and streamline general business operations.

Why Choose Primary Payroll Services

Primary Payroll Services is a smaller company, which means we have the luxury of dedicating ourselves wholly to our clientele rather than getting lost in the shuffle with the larger corporations. At Primary Payroll Services, you will always receive our highest levels of customer service.

Let our payroll experts at Primary Payroll Services assist you with selecting the right payroll services for your business needs. Call us at 562-595-0066 or request a free quote online.

Share This Article


Related Articles