How the Government Shutdown Could Affect Your Small Business

It appears all but certain that, effective tomorrow, the federal government will shut down.  If you run a small business, what can you expect?

Unfortunately, you will still have to pay your taxes on time.  However, according to an article in the Wall Street Journal this morning, there may be procedural changes as to how the payments are made and reported.  It is advised that you keep good records of your tax liabilities. 

Your third quarter Payroll Tax Returns are due this month.  You still need to submit them on time, but the article states that this filing could “fall by the wayside”, plus if you are in negotiation with the IRS over previous issues, you may not hear back from them for a while.

If you are doing business with a PEO – such as EMT – you needn’t worry about either of these, because we deal with the IRS, not you.

See the full article here and call us with any questions regarding this, or any payroll issue.

Rick Ratner,

President