A Professional Employer Organization (PEO) provides a team of experts to deal with your 940 and 941 taxes.
940 and 941 payroll taxes present difficult issues to businesses. Typically, creditors, employees, and suppliers are all clamoring to be paid. The IRS is the sole creditor that seems to be compliant.
The IRS however has the most power to collect what is owed to it. Further, and not insignificant to a struggling business, 940 and 941 payroll taxes are never dischargeable in bankruptcy. Worse yet, even if your business is incorporated, you may have personal liability for unpaid 940 and 941 payroll taxes. This liability likewise is never dischargeable in bankruptcy.