Trust Management Inc

Did you know that if you are the person in a business that is responsible for collecting and timely turning over employee withholding taxes to the government and you fail to do so, you can personally be held liable for a trust fund penalty equal to 100% of the amount that should have been withheld and amounts that should have been timely paid over to the government and were not?

Get inspired. Some Wednesday Wisdom from Westlake Village based Trust Management

If you owe past-due child or parent support, federal obligations, state income tax, or certain unemployment compensation debts, the Treasury Department can reduce your federal income tax refund and use all or part of it to pay your outstanding debt.

Here's some motivation for your Monday from Trust Management

To support the restaurant industry who was hit hard during the pandemic, Congress is giving businesses a tax break as a way to increase revenue to restaurants. Watch the video to see how this can apply to your business.

Some insider small business knowledge from Trust Management. #SmallBizStat

For those who love learning: here's a tax fact from Trust Management.