Finding Text
2022-002 Compliance with IRS and state payroll tax deposit requirements Condition: Payroll tax deposits on employer taxes and withholding taxes were not deposited in a timely manner. Criteria: The Internal Revenue Service and State tax agencies require timely filing of payroll tax deposits of employer taxes and payroll withholding taxes. Cause: Turnover with School personnel led to a lapse in the filing of payroll tax deposits. Effect: Without the timely filing of payroll tax deposits, penalties and interest will accrue and possible levies of outstanding amounts will occur. Auditor's Recommendation: We recommend school personnel learn the payroll deposit reporting requirements of all taxing agencies. View Of Responsible Officials: The School agrees with this finding and has a plan in place to correct this.