Payroll Taxes Demystified: What Every Business Owner Needs to Know

Episode Summary:

In this informative episode, host Abigail Vaca and tax attorney Juda Gabaie of Gabaie & Associates LLC discuss the critical aspects of payroll taxes, common problems businesses face, and solutions for tax issues. Juda shares expert insights on preventing payroll tax problems and navigating IRS negotiations, including a success story of helping a multinational company resolve a million-dollar tax debt.

 

Key Timestamps:

00:06 - Introduction and overview of payroll taxes

00:36 - Explanation of how payroll taxes work

01:22 - Common payroll tax problems and their impact

02:30 - The domino effect of missing payments

03:15 - Legal consequences for businesses and owners

04:24 - How payroll tax problems escalate

05:22 - Available options for businesses with tax problems

06:56 - Working with a tax attorney

07:53 - Advice for businesses behind on payroll taxes

08:45 - Success story: Resolving a multinational company's tax issues

 

About the Show:

The Power of Tax Defense Attorneys: Tax Corner with Juda Gabaie provides valuable insights and expert advice on tax-related matters for business owners. Each episode features practical solutions and professional guidance for navigating complex tax situations.