Tax No Tuesday Episode 73: What is Bounced Check Penalty?
Welcome to Tax No Tuesday!! For payments of $1,250 or more, the penalty is 2% of the amount of the payment. For payments less than $1,250, the penalty is the amount of the payment or $25, whichever is less. Bonus! Subscribe on our You Tube channel for other Tax, Payroll & Bookkeeping Videos: WYCOTAX FREE Tax, Payroll & Bookkeeping CHECKLISTS: wycotax.com/tax-bookkeeping-checklists/ Having your own business should be fun. Instead of spending a lot of time and money on jobs you can outsource, why not entrust the technical aspects of your business to someone professional and competent? WYCOTAX make your business easier by working on your taxes, payroll, and bookkeeping needs. Call us TODAY! Disclaimer: This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal and accounting advice. WYCOTAX, LLC is an outsource tax, payroll and bookkeeping company and not associated with any.
