Using Third Party Providers for Employment Tax? Manage Your Risk

Many businesses employ third party service providers to assist with their payroll and employment taxes. Often this is a smart business decision that can lead to increased efficiency and compliance while minimizing your tax burden and exposure. However, the key to achieving these desired results is in the careful selection of your third party provider, as well as having a specific set of safeguards in place to monitor your third party provider and manage your risk.