Joe Kristan, Central Iowa’s premier blogging accountant, reminds us in a recent post that LLC and corporation owners are responsible for unpaid payroll taxes. The most important take from the post:
The moral? Never, ever fail to remit your payroll taxes; if you do, don’t expect an LLC, or any other entity for that matter, will fend off the IRS.
Joe also expands on his post in a recent article on IowaBiz.com. I encourage you to subscribe via RSS to Joe’s blog and also IowaBiz.com. Joe’s blog is entertaining and informative. Who knew an accountant could have such a sense of humor? IowaBiz.com is particularly interesting because it features 12 business bloggers from several different disciplines including marketing, law, accounting, networking and more.