Taxable Compensation

Payroll administration can be challenging for small business owners — and mistakes can create problems for both employers and employees. Incorrect paychecks can frustrate employees and require time and resources to fix. Errors involving tax withholding, deposits or reporting can also expose your business to interest and penalties. Mistakes can happen even with payroll software or an outside payroll provider. Here are some steps you can take to reduce your risk. Withhold and deposit taxes