Bankruptcy and payroll tax services

With the filing of AccuPay’s bankruptcy, the question of what happens when a business outsources its payroll services has come into question.  AccuPay handled many payroll accounts for its customers, which included calculating, collecting and paying payroll taxes.  With the filing of the bankruptcy liquidation, the question arises what happens to the clients who paid AccuPay but AccuPay did not use the money to pay payroll taxes.

For more on this story read, “Tax Surprises Can Follow When Payroll Firms Implode.