What are the penalties for late payroll tax payments?

What are the penalties for late payroll tax payments?

Late payroll tax payments can result in penalties ranging from 2% to 15% of the unpaid tax, depending on how late the payment is.

Are there any ways to avoid these penalties?

Yes, you can avoid penalties by filing and paying on time, setting up reminders, and ensuring accurate payroll calculations.

What if I can't pay my payroll taxes on time?

If you can't pay on time, you should file your return anyway and consider setting up a payment plan with the IRS.

How do I set up a payment plan?

You can set up a payment plan by applying online through the IRS website or by contacting them directly for assistance.