PYMNTS

MARCH 7, 2019

Payroll solutions provider Inova Payroll has debuted an application programming interface (API) integration with M3 , an accounting and human capital management (HCM) platform developed for the hospitality industry. Other areas of payroll and human capital management are exploring the benefits of API integrations, too.

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ThomsonReuters

APRIL 25, 2024

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. Evaluate the potential benefits of converting traditional retirement accounts to Roth IRAs. Consider pension and annuity payments. Delay Social Security. Pension income.

Tax 52

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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. So how is payroll tax calculated? What is a payroll tax?

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ThomsonReuters

FEBRUARY 9, 2022

Part 1 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including worker classification, COVID-19 vaccine mandates, and wage and hour. Read part 2 for more 2022 payroll trends. Worker classification is a big issue for businesses. There may be more changes in 2022.

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ThomsonReuters

JANUARY 30, 2023

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. Voters approved a ballot measure that will gradually eliminate the tip credit.

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Going Concern

SEPTEMBER 1, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Check out this week’s top remote accounting candidates. Check out this week’s top remote accounting candidates. P.S. We’re off for Labor Day, hope you are too.

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CPA Practice

FEBRUARY 15, 2024

Tankersley, CPA.CITP, CGMA, Randy Johnston Randy Johnston 00:04 Today welcome the accounting Technology Lab. Okay, now, Randy, you and I have thought said for years that the most expensive thing you ever bought was cheap accounting software. HR management payroll, Randy Johnston 09:52 If I could interject something there.

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ThomsonReuters

MARCH 10, 2021

Allows for the credits for paid sick and family leave to be structured as a refundable payroll tax credit against Medicare tax only (1.45%), beginning after March 31, 2021. Allows the credit to be claimed against Medicare (1.45%, Hospital Insurance – HI) taxes only. Unemployment Provisions. The money will be available until expended.

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ThomsonReuters

JUNE 22, 2021

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Payroll Changes Coming in July appeared first on Tax & Accounting Blog Posts by Thomson Reuters. per hour on July 1. . South Dakota.

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KROST

DECEMBER 7, 2020

Escheating uncashed payroll checks to the State of California is one of the oldest, time-consuming procedures restaurateurs must conform to every year. Escheating checks is a legal process that transfers ownership of abandoned property (uncashed payroll checks) to the State of California.

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PYMNTS

AUGUST 13, 2019

Amid the growing list of cybersecurity concerns businesses must keep on top of, payroll is a growing target for attackers both inside and outside the enterprise. The latest cases of payroll-related cyber incidents reveal the vulnerabilities of the financial process of compensating employees.

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ThomsonReuters

MARCH 15, 2023

Payroll on Checkpoint asked  Jeffrey Paravano , partner at  BakerHostetler  and leader of the firm’s national tax practice group, to share his thoughts. ​ ​Extension of statute of limitations​ The IRS recently issued another alert to businesses and tax practitioners regarding scams related to the employee retention credit (ERC).

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Xero

APRIL 23, 2024

At the other end of the scale, the hospitality industry had fewer jobs than a year ago in the March quarter in Australia (-1.4% In more positive news, hospitality did a little better than the national average in the UK (+1.8% An accountant or bookkeeper can help you answer many of the important questions around hiring.

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Menzies

APRIL 23, 2024

Menzies LLP - A leading chartered accountancy firm. You will now have longer to prepare for a transformative shift in the hospitality industry, as new legislation is set to revolutionise tip handling from this summer. Outsourcing the operation of the payroll scheme is an option, with Menzies offering this service.

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BuildYourFirm

MARCH 26, 2020

The package will provide much needed financial support to businesses forced to shut down and relief to American families and hospitals turned upside-down from the fast spreading disease and ensuing economic crisis. Individuals who earn $75,000 in adjusted gross income or less would get direct payments of $1,200 each.

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PYMNTS

MARCH 2, 2020

Retailers often need additional coverage during peak holiday shopping periods, hospitals may need substitutes for nurses on paternity leave and construction companies might need to increase staff for sizable projects. Employees’ Payroll Card Opinions. The number of activated payroll cards in the U.S. rose from 3.1

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Menzies

APRIL 4, 2024

Menzies LLP - A leading chartered accountancy firm. Prepare for a transformative shift in the hospitality industry as new legislation is set to revolutionise tip handling from this summer. In this article, we explore the anticipated challenges for Hospitality and Leisure employers, with tips on how to prepare for the change.

Hospitality 52

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ThomsonReuters

NOVEMBER 12, 2020

” The respect, and perquisites provided to veterans for their sacrifices to our country, have even touched the world of payroll, and on Veterans Day, we present a quick retrospective of some of the special tax provisions offered for veterans. Overview of tax breaks for those serving in the military. However, compensation paid to a U.S.

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Xero

MAY 1, 2023

The complexity of payroll obligations makes this even more of a burden. Integrate with Xero Payroll Planday on its own is a great tool for small businesses. But when combined with accounting and payroll software, it becomes a powerful solution. Planday is currently billed separately to Xero Payroll.

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Xero

AUGUST 22, 2023

Our leadership team — including new Chief Product Officer, Diya Jolly — shared the latest enhancements to our platform that will help accountants and bookkeepers grow their practice, help their clients succeed, and get the most out of Xero. It also makes it easier for small businesses to manage staff shifts and communicate with teams.

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CPA Practice

NOVEMBER 16, 2023

Sage, a maker of accounting, financial, HR and payroll technology for small and mid-sized businesses, has added new product updates in Sage Intacct for increased automation, deeper insights, and even stronger compliance.

Technology 98

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ThomsonReuters

AUGUST 18, 2022

The IRS may need to revise certain employment tax reporting forms, and the forms used to claim the qualified small business payroll tax credit for increasing research activities, after President Biden signed the Inflation Reduction Act ( H.R. 5376 ) into law, which includes a provision increasing the research credit next year. Background. .

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DentalAccounting

MARCH 26, 2020

The package will provide much needed financial support to businesses forced to shut down and relief to American families and hospitals turned upside-down from the fast spreading disease and ensuing economic crisis. The post $2 Trillion Relief Package – Coronavirus – COVID-19 appeared first on CPA Accountants For Dentists.

Hospitality 100

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Accounting Insight

MAY 22, 2023

Everyone, including payroll and accountancy professionals, love to take a break. Businesses are not legally obligated to give bank holidays off, and indeed many still operate on bank holidays, particularly in the hospitality, tourism, and retail sectors, when long weekends can be very busy.

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Steve Feinberg

MAY 9, 2023

Bookkeeping and accounting for marketing agencies may not be the most exciting or glamorous aspect of the business, but they are essential for your agency’s success. Naturally, you’d prioritize your work for the hospital, but every month you discover that your income is less than the month before. If so, how much?

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Menzies

NOVEMBER 2, 2023

Menzies LLP - A leading chartered accountancy firm. Valuations included in annual statutory accounts can be left open to challenge. Many hotels are also implementing modern technologies to automate HR & payroll processes, which save time and help to avoid costly penalties. Challenge No.

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MyIRSRelief

MAY 1, 2024

Your tax professional will guide you through tasks like payroll tax deposits, estimated tax payments, and state and local tax regulations for your chosen business structure (C corporation, S corporation, or partnership), ensuring smooth sailing with tax authorities. Compliance Navigation: Tax compliance goes far beyond just filing.

Tax 130

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PYMNTS

JULY 17, 2018

In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. But, much like the payroll card debate, the legal questions around virtual cards also focus on fees. Legal action concerning fees linked to physical payroll cards have emerged in recent years.

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ThomsonReuters

AUGUST 16, 2021

hospitals). ” The Executive Order was issued on August 6, 2021 and says that these facilities include: nursing homes; residential care homes; assisted living services agencies; intermediate care facilities for individuals with intellectual disabilities; managed residential communities; and chronic disease hospitals.

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Accounting Insight

OCTOBER 30, 2023

These SMEs, which span sectors including hospitality, construction, care, manufacturing, and professional services, are the engine room of the UK economy. We’re on a trajectory to become the world’s largest centralised payroll and recruitment hub, reaching all markets with our highly automated infrastructure.

Technology 59

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CPA Practice

NOVEMBER 19, 2023

Sage, a maker of accounting, financial, HR and payroll technology for small and mid-sized businesses, has added new product updates in Sage Intacct for increased automation, deeper insights, and even stronger compliance.

Technology 52

Technology Healthcare Hospitality accounting and finance 52

CPA Practice

NOVEMBER 15, 2023

Sage, a maker of accounting, financial, HR and payroll technology for small and mid-sized businesses, has added new product updates in Sage Intacct for increased automation, deeper insights, and even stronger compliance.

Technology 52

Technology Healthcare Hospitality accounting and finance 52

ThomsonReuters

FEBRUARY 8, 2022

With so many generations in need of tax and accounting services in the market today, it can be a challenge to discover what a client truly wants or needs, or how they want to connect with you. Respondents also indicated interest in receiving other services from their accounting firms. 2) Stand out from the competition.

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Going Concern

JULY 14, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The Office Ernst & Young out of Triad market after closing Winston-Salem office [ Triad Business Journal ] The Triad now has offices for only two of the Big Four global accounting firms.

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Withum

NOVEMBER 8, 2023

The aftermath of a natural disaster can be devastating for all business owners, especially for those in the dealership , restaurant and hospitality industries, and can cause long-lasting interruptions in normal business operations. This means that daily sales reports, banking information, payroll information, etc. must be maintained.

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PYMNTS

JUNE 10, 2020

To ensure the hardest-hit businesses can access P4 loans, publicly-traded companies would be prohibited, and loans to hospitality and lodging businesses with multiple locations would be capped at $2 million, the release states. Senate Committee on Small Business & Entrepreneurship, said in a statement. PPP has provided 4.5

New Hampshire 53

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PYMNTS

AUGUST 20, 2020

Nonfarm payrolls increased by 4.4 For instance, July’s greatest boosts in employment came in the government, leisure and hospitality, and retail trade sectors. Of those three, leisure and hospitality accounted for 592,000 job gains, or about one-third of the month’s total. economy added 1.8 million in June and 2.7

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