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When paying employees make sure you allow enough money and set it aside for payroll taxes.  Do not dip into employee withholding to pay your other bills. You will regret it.

The IRS considers that STEALING from your employees and they are very unforgiving about that. They have stiff penalties for not filing quarterly tax returns on time and if you haven’t sent the money in when you are supposed to, they tack on additional penalties.

Note when the filing deadlines are on your calendar and plan to have the money available before you need to file.  Instead of doing your own payroll, get a payroll service who has a good reputation for processing and filing your payroll. #notsotaxingnowsaving money picture