Inova Payroll Blog

Kim Peco

Kim Peco is director, payroll operations, for Inova Payroll.
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8 Payroll Mistakes That Could Cost You

Posted by Kim Peco on Jun 30, 2015

Whether you own a small business with one employee or a growing company with dozens, mistakes are bound to happen. Unfortunately when it comes to payroll, those mistakes can end up costing you a pretty penny.

Did you know that in 2014 U.S. businesses were fined roughly $5 billion in payroll tax penalties? That’s a good chunk of funds to give up for unintentional mishaps. But don’t add a payroll penalty line item to your budget yet! We have compiled a list of eight common payroll mistakes that businesses make so you can avoid them…and the penalties that follow.

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Topics: Payroll, Small Business

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