How small business owners can avoid penalties for unpaid federal payroll taxes

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TAX GUY



a sign on the side of a building: Small business owners can find themselves owing penalties to the IRS if they fail to pay payroll taxes. Here’s how to avoid that. (Photo by ERIC BARADAT/AFP via Getty Images)


© ERIC BARADAT/AFP via Getty Images
Small business owners can find themselves owing penalties to the IRS if they fail to pay payroll taxes. Here’s how to avoid that. (Photo by ERIC BARADAT/AFP via Getty Images)

The federal government considers some tax sins to be much worse than others. One egregious sin is failing to pay over federal income and employment taxes that have been withheld from employee paychecks. In the COVID-19 era, that can happen to a cash-strapped business. If it does, the IRS can assess the so-called 100% penalty against any responsible person.

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How Business Can Use Quantum Computing Right Now (Not 10 Years Into The Future)

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CEO of PCIS. Entrepreneur with a deep focus on technology. Helping companies strategize, innovate and grow.

Can quantum computing help business leaders make effective decisions — and a lot of money? That’s the trillion-dollar question. I have good news. The answer in our present state of reality is yes. In fact, doing so will allow you to make a quantum leap over the competition.

This may seem hard for some to believe. So many people, even people working for companies selling leading-edge technology, think that quantum computing is like a fusion reactor, faster-than-light travel or cloning dinosaurs for

Biohaven Reports Second Quarter 2020 Financial Results And Recent Business Developments

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– NURTEC™ ODT (rimegepant) achieved net revenues of $9.7M for the second quarter of 2020 and now NBRx market leader with 52.6% of share

– Company well-capitalized with recent non-dilutive financing of up to $950M from Sixth Street term loan and Royalty Pharma funding agreement

– Remains on timelines for NURTEC ODT sNDA filing for prevention of migraine in the coming months; additionally, completion of troriluzole Alzheimer’s Disease Phase 2/3 trial in 4Q2020, and topline results with troriluzole in Alzheimer’s Disease and Spinocerebellar Ataxia, and verdiperstat in Multiple System Atrophy in 2021

NEW HAVEN, Conn., Aug. 10, 2020 /PRNewswire/

Amid COVID-19, she reinvented her boutique as a houseplants shop. Business is booming

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Pico Boulevard has been quieter than usual since the beginning of the coronavirus outbreak, but Amorette Brooms’ Queen Boutique, a tiny storefront west of La Brea Avenue, has been busy.



a room filled with furniture and vase of flowers on a plant: When Los Angeles reopened following stay-at-home orders, Amorette Brooms pivoted to houseplants. (Robert Gauthier / Los Angeles Times)


© Provided by The LA Times
When Los Angeles reopened following stay-at-home orders, Amorette Brooms pivoted to houseplants. (Robert Gauthier / Los Angeles Times)

The self-proclaimed “Mid-Wilshire girl” grew up in the neighborhood and has sold fashion accessories at her boutique for more than a decade.

But when the safer-at-home order was issued in March, Brooms was forced to pack up her accessories, close her store and try to