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Ask precise questions and let your employees respond. Don’t keep repeating or rephrasing yourself. If you talk too much, you may telegraph the answers you want. Another tip: Ask managers to approximate figures if they can’t recall specifics. If that doesn’t work, ask for a range.
The IRS is in the middle of intensive line-by-line payroll audits to ensure that your withholding procedures are 100% correct. And it's not just the IRS. The U.S. Department of Labor has been on the prowl lately for employers that slip up on the confusing retirement contribution rules....Click here to find out more.