Payroll liabilities are commonplace in day-to-day business. Whether you’re paying employees, using a payroll service or facing IRS penalties, it’s easy to get overwhelmed by the complexities of ...

Payroll liabilities include the money you pay your employees for services rendered, the withholding you take from their paychecks and your payroll expenses as an employer. Withholding comes out of ...

The payroll liabilities account in your general ledger is a holding place for payments due in the near future but not yet issued. One example of these expenses is your payroll taxes. If you file ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Liabilities are a fact of life for a business owner.