05 Aug How Using A Signature Stamp Could Cost You Your Life.
Did you know that if you have signing privileges on the company checking account you could be personally liable for all unpaid taxes of that company? Did you know that using a signature stamp makes you a signer on the account. How many bookkeepers do you know that use a stamp? What happens when that company falls behind on the employment taxes? The I.R.S. may come after the bookkeeper, office manager or other person who used a signature stamp to sign the payroll or other company checks. If the company that person is using the signature stamp for falls tens of thousands of dollars behind on their taxes could you afford to pay the bill? Would it ruin your life if you had a $100,000 tax levy hanging over your head for a company you didn’t even own?
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