Payroll Firm steals tax payments

 In Baltimore Commercial Insurance

As has been widely reported in the news recently, a payroll company in Belair, Maryland was shut down 2 weeks ago after numerous reports were filed that they were not paying their client’s taxes. Instead, they were using the money for personal expenses. I had several calls from friends who used the payroll company and suddenly found their taxes were NOT paid after calling the IRS. Needless to say, they were furious. They did not see the value in getting a simple Business Owner’s Insurance Policy often referred to as a BOP, which can often be purchased for about $500 a year. Sadly, they had NO insurance to cover this type of loss. I cannot stress enough the value of having an insurance agent and getting the correct insurance coverage for your business. At Luray Insurance, we help people with their Maryland Business Insurance needs. Call us at 410-602-2636 or check us out on the web at www.lurayinsurance.com.

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