When Governor Andrew Cuomo announced New York State’s latest mandated worker benefit – an enhanced Paid Family Leave (PFL) Program, it was called the “most comprehensive program of its kind in the nation.” Starting January 1, 2018 PFL becomes a mandatory benefit in New York State, meaning that eligible employees have the right to use PFL the very first day of 2018.
Frequently, someone in your company—it may be the president, vice president, treasurer or some other officer—will have assumed the duty of collecting and depositing federal payroll taxes. That person could be in for a rude awakening one day.
According to an onerous provision in the federal tax law, any person who willfully fails to deposit the required income tax withholding or employment taxes can be held personally liable for any unpaid taxes. This is one time when the corporate shield cannot protect an individual.