SkagitCountyTaxServices

DECEMBER 7, 2023

owner=19530343 Making time to look at numbers before January 1 allows us to help you make last-minute adjustments so your tax return works in your favor. Another of those areas is payroll reconciliation. There are a number of items to pay special attention to this month to help you prepare to run year-end payroll.

payroll 76

payroll tax return payroll tax Tax 76

CPA Practice

FEBRUARY 29, 2024

The Internal Revenue Service has given tax relief for individuals and businesses in parts of Washington state affected by wildfires that began on Aug. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. 16, 2024, and April 15, 2024.

Washington 98

Washington Tax tax return income tax 98

Going Concern

MAY 16, 2024

The post Top Remote Accountants of the Week | May 16, 2024 appeared first on Going Concern. Our recruiting services are exclusively available for clients and candidates in the United States. About the Author: Liz Branch is the COO of Accountingfly. Don’t hesitate to reach out to liz@accountingfly.com.

Real Estate 59

Real Estate Account accountant accounted 59

Withum

JANUARY 31, 2024

Affected taxpayers qualifying for this tax relief include individuals and householders who reside or have a business in Providence County. The taxpayers eligible for relief under this information release now will have until June 17, 2024, to file various federal individual and business tax returns and to make tax payments.

Rhode Island 72

Rhode Island income tax Tax tax return 72

CPA Practice

MARCH 18, 2024

The state’s Supreme Court recently upheld a controversial capital gains tax , which has been re-challenged in court and could be on the state’s ballot in November for potential repeal. Will other states, like California, implement similar initiatives involving payroll tax deductions? What is long-term care?

payroll tax 59

payroll tax Washington payroll Tax 59

Xero

APRIL 30, 2024

That’s why we’re refreshing our subscription plans for small businesses and partners, which will be available from 1 July 2024. Ledger — annual tax basics to help prepare and submit annual tax returns for simple non-trading clients Cashbook — bookkeeping essentials for non GST registered clients.

bookkeeping 98

bookkeeping payroll accounting basics tax return 98

CPA Practice

APRIL 9, 2024

But people should be careful with who they’re following on social media for tax advice. Unlike hacks to fix a leaky kitchen sink or creative makeup tips, people shouldn’t rely on made-up ways on social media to patch up their tax return and boost their refund,” he added. ©2024 Advance Local Media LLC. Visit al.com.

Tax 116

Tax tax return tax preparation payroll 116

Anders CPA

MAY 23, 2023

Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees.

payroll tax 98

payroll tax payroll Rhode Island Tax 98

CPA Practice

JANUARY 29, 2024

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season. Another option is the Direct File pilot program.

tax return 116

tax return Tax income tax tax preparation 116

CPA Practice

FEBRUARY 12, 2024

By Katelyn Washington, Kiplinger Consumer News Service (TNS) A proposal to end federal tax on Social Security retirement benefits would provide relief for retirees as early as next year. That’s because, as the bill is worded, federal taxes on Social Security income would be eliminated beginning in 2025 (tax returns filed in early 2026).

Tax 131

Tax Minnesota income tax payroll tax 131

SMBAccountant

MAY 17, 2024

Per the Small Entity Compliance Guide published by the Financial Crimes Enforcement Network, companies created or registered to do business before January 1, 2024, will have until January 1, 2025 to file their initial BOI reports. Establish a system for collecting and remitting sales tax if required.

accounting software 130

accounting software Legal tax return financial statements 130

CPA Practice

SEPTEMBER 25, 2023

15, 2024, to file their tax returns and make tax payments because of Hurricane Lee’s impact. The IRS is offering tax relief to any area designated by the Federal Emergency Management Agency (FEMA) , and all 16 counties in Maine and all 14 counties in Massachusetts qualify. 15, 2023, and Jan. 31, 2023, and Jan.

Massachusetts 115

Massachusetts Maine Tax income tax 115

Shay CPA

FEBRUARY 28, 2024

You’re looking ahead and probably getting excited about everything your startup will accomplish in 2024. Don’t shoot the messenger: it’s time to do your taxes. If that sounds good, follow these steps to get your books ready for your 2024 tax filings. #1: Amazon, Staples) Payroll (e.g., Clearly, tax prep isn’t easy.

Tax 52

Tax CPA bookkeeping tax preparation 52

CPA Practice

FEBRUARY 27, 2024

The Internal Revenue Service announced today tax relief for individuals and businesses in parts of California affected by severe storms and flooding that began on Jan. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments.

tax return 69

tax return income tax California payroll 69

CPA Practice

MARCH 29, 2024

7, 2024, various tax-filing and tax-payment deadlines for individuals and businesses affected by the Aug. The previous federal tax relief, announced shortly after the fires, mainly lasted through Feb. 15 , which did not cover federal income tax filings for tax year 2023. 16, April 15 and June 17, 2024.

Hawaii 59

Hawaii income tax Tax tax return 59

Snyder

FEBRUARY 12, 2023

Payroll taxes can be daunting for employers to calculate and pay. With the numerous tax laws, regulations and compliance requirements, employers are required to be up-to-date on the latest regulations to ensure they’re making accurate and timely payroll tax payments. It is not intended to provide any tax advice.

payroll tax 52

payroll tax payroll Tax income tax 52

Withum

SEPTEMBER 1, 2023

The tax relief postpones various tax filing and payment deadlines that occur from August 27, 2023, through February 15, 2024 – the postponement period. Affected individuals and businesses therefore will have until February 15, 2024 to file tax returns and to pay any taxes that were originally due during the postponement period.

Tax 98

Tax tax return Florida payroll 98

CPA Practice

SEPTEMBER 1, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. 15, 2024, to file various federal individual and business tax returns and make tax payments. 15, 2024, (postponement period). These taxpayers now have until Feb. 15, 2023, and Jan.

Tax 119

Tax income tax tax return payroll 119

CPA Practice

JANUARY 24, 2024

IRS officials announced the agency would extend its April 15 filing deadline for those taxpayers, who now have until June 17, 2024 to submit tax returns and make tax payments. The IRS asks that all making such claims include the FEMA disaster declaration number 3604-EM on any return claiming disaster-related losses.

Connecticut 72

Connecticut Tax tax return income tax 72

CPA Practice

SEPTEMBER 12, 2023

15, 2024, to file certain tax returns and make tax payments that were originally due between Aug. 15 to file quarterly payroll and excise tax returns that were normally due on Oct. 15 to file quarterly payroll and excise tax returns that were normally due on Oct. 29 and Feb.

South Carolina 64

South Carolina Tax tax return income tax 64

CPA Practice

MAY 2, 2024

So far in 2024, the Federal Emergency Management Agency (FEMA) has issued 25 major disaster declarations in 15 states impacted by winter storms, flooding, tornadoes, wildfires, landslides and mudslides. Employers should check fiduciary bonds Disasters can impact a business’ ability to make timely federal tax deposits.

payroll 115

payroll tax return Tax 115

CPA Practice

FEBRUARY 5, 2024

The disaster declaration also means that Rhode Island businesses and residents impacted by the storm have until June 17, 2024, to meet various tax filing and payment deadlines originally due between Sept 10, 2023, and June 17, 2024. 2023 quarterly estimated income tax payments normally due on Jan. 31 and April 30, 2024.

Rhode Island 52

Rhode Island Tax income tax tax return 52

CPA Practice

SEPTEMBER 13, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in 28 of the state’s 159 counties in Georgia. 15, 2024, to file various federal individual and business tax returns and make tax payments. 15, 2024 (postponement period). 30, 2023, through Feb.

Georgia 105

Georgia South Carolina income tax tax return 105

CPA Practice

FEBRUARY 16, 2024

Due to severe storms in August 2023, individuals and business taxpayers in some Michigan counties have until June 17, 2024, to file various federal individual and business tax returns and make tax payments, the the Internal Revenue Service has announced. 24, 2023, through June 17, 2024 (postponement period).

Michigan 59

Michigan Tax tax return income tax 59

CPA Practice

AUGUST 19, 2023

The Internal Revenue Service will allow Hawaii taxpayers in Maui and Hawaii counties extra time – until February 15, 2024 – to file various federal individual and business tax returns and make tax payments that would have been normally been due before then. 15, 2024 (postponement period). 8, 2023, through Feb.

Hawaii 97

Hawaii Tax income tax tax return 97

CPA Practice

FEBRUARY 23, 2024

An S Corp must report corporate income, losses, and deductions through its shareholders/owners, and in turn, the shareholders/owners report company income on their personal income tax returns. Lastly, owners who perform “substantial work” as employees must adhere to payroll tax requirements. corporation.

payroll tax 78

payroll tax Non-Profits Legal payroll 78

CPA Practice

DECEMBER 27, 2023

Eligible individuals and businesses now have an extended tax deadline of June 17, 2024. The extended deadline applies to various tax filings and payments originally due between Dec. 9, 2023, and June 17, 2024. 9, 2023, through June 17, 2024. Quarterly estimated income tax payments normally due on Jan.

Tennessee 69

Tennessee Tax income tax tax return 69

Inform Accounting

APRIL 11, 2023

See: Rates and thresholds for employers 2023 to 2024 Read more of Inform's tax blogs : Struggling to pay tax – What should you do? Remember to declare COVID-19 grants on your tax return Taxing cryptoassets: what you need to know Help to grow - Government funded business support programmes

tax return 52

tax return Tax Government payroll 52

CPA Practice

SEPTEMBER 8, 2023

Background : With an FSA, a participating employee generally funds his or her account with pre-tax dollars through a salary reduction plan. Therefore, the employee saves both income tax and payroll taxes on contributions to the plan. Plus, there’s no tax on amounts withdrawn if they are used to pay for qualified expenses.

payroll tax 119

payroll tax Healthcare Account accountant 119

ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

payroll tax 98

payroll tax payroll tax return Tax 98

ThomsonReuters

MARCH 6, 2024

Because the ERC expired for most employers on September 30, 2021, the credit is claimed by submitting an amended employment tax return on Form 941-X. It should be noted that planned changes are coming in June of 2024.) However, Form 941-X may currently only be submitted by paper, increasing processing times. (It

tax return 52

tax return payroll tax payroll Tax 52

CPA Practice

APRIL 3, 2023

Individuals and households that reside or have a business in Cross, Lonoke and Pulaski counties in Arkansas now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced.

Arkansas 98

Arkansas Tax tax return income tax 98

ThomsonReuters

DECEMBER 6, 2023

” He noted that in a “normal time,” the lack of regulations regarding tax return preparation “wasn’t seen as something that could be a huge issue.” billion of potentially fraudulent ERC claims for tax years 2020 through 2023.

tax preparation 105

tax preparation Tax tax return payroll 105

Withum

OCTOBER 9, 2023

Historically, most businesses in Massachusetts apportioned income using a three-factor apportionment formula comprising of property, payroll, and double-weighted sales. Also, the legislation closed a loophole for individuals subject to the millionaire’s tax, which imposed a 4% surtax for income over $1M.

Massachusetts 72

Massachusetts Sales Tax tax return 72

ThomsonReuters

JANUARY 4, 2024

Jump to: Utilize short-term staffing solutions Incorporate AI and automation into your workflow Become a strategic advisor As accounting firms usher in 2024, it’s important to take a fresh look at the business landscape — both its challenges and its opportunities — to best prepare for the year ahead.

tax planning 78

tax planning Tax Technology tax return 78

CPA Practice

MARCH 20, 2024

Employers who improperly claimed ERC can avoid penalties and interest – and even get a discount on repayments if they apply by March 22, 2024, to the ERC Voluntary Disclosure Program. Too many employees and wrong calculations Employers should be cautious about claiming the ERC for all wages paid to every employee on their payroll.

Government 119

Government Tax payroll audit 119

CPA Practice

MAY 17, 2024

And honestly, one of the things we’ve talked about for a long time, and everybody’s talking about advisory, but I think I think calves is a critical chasm payroll are critical parts of advisory, just because the person that has the real time information is going to be able to give the most insightful, most timely advice.

Technology 52

Technology Account accountant accounted 52