How Professional Employer Organizations Create Tax Risks For Your Business

Описание: Businesses hire professional employer organizations (PEOs) to reduce the risks and burdens of directly hiring employees. But, as we discuss in this video, using PEOs can create both tax risks and headaches for your business. That's because PEOs are considered the payor of federal employment taxes for your business' employees. This means that you will need the cooperation of PEOs to get tax refunds or credits to which you may be entitled. This has been a significant problem for companies seeking refunds for the Employee Retention Credit. And, surprisingly, the IRS can use any refund that your business is entitled to satisfy your PEOs separate tax liabilities. Listen in as we discuss these issues in detail.

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