Payroll taxes are the tax portions witheld by the employer from the employees paycheck along with matching contributions from the employer and forwarded to the taxing authorities on behalf of the employee. Since 80% of all new businesses are undercapitalized (from reports conducted by the Small Business Administration) many businesses get into deep financial trouble by not paying these taxes to the taxing authorities. We at Ameritax have interviewed thousands of clients with payroll tax problems.

This small business under capitalization problem causes many business owners to put off paying theses payroll taxes for a short time . Then, when no immediate action is taken by the taxing authorities it lulls the business owner into getting comfortable that this is a creative form of business financing and a convenient loan source that they will make up on the next quarter. The severe penalties and interest charged generally make very difficult to pay this tax back if it goes unchecked for a few quarters.

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