Companies Need to Establish Their Own IRS – Internal Retention Service
As Ben Franklin said, “In this world nothing can be said to be certain, except death and taxes.”1 While we can't avoid paying taxes as individuals, we can avoid paying unnecessary fines and penalties. The Late Penalty Companies are no different. They continually look for opportunities to reduce their tax obligation. However, there is a hidden levy that must be considered: The Late Penalty. This fine is levied when a company fails to make a sustained effort toward a known issue. For instance, when a company fails to meet its employee engagement obligation, it will be subject to the Late [...]