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An Employer’s Guide to Multi-State Payroll Tax Withholding for Remote Workers

Anders CPA

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.

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Oklahoma Taxpayers Get Extended Deadline Due to Storms

CPA Practice

1, 2024, to file various federal individual and business tax returns and make tax payments. 1, 2024, deadline also applies to any payment normally due during this period, including the quarterly estimated tax payments due on June 17, 2024, and Sept. These taxpayers now have until Nov.

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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts. State franchise and income tax accounts. File away R&D tax credit and pandemic aid documentation. File a final corporate tax return.

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Shutting Down Your Tech Company? Here’s What You Need to Know

Shay CPA

Submit your final tax filings Some states (including Delaware) require you to get fully paid up on your taxes before you can dissolve your corporation. You might need to pay the current calendar year’s franchise tax before you can officially close up shop, for example. But the list extends far beyond that.

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How to Convert LLC to S Corp or C Corp

inDinero Tax Tips

An LLC’s profits and losses pass straight through to the owners and are taxed as part of their income. In contrast, the profits you earn in an S corp are taxed separately. You can choose to become an employee of the S corp, be paid a reasonable salary, and incur payroll taxes on those wages.

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How to Convert LLC to S Corp or C Corp

inDinero Tax Tips

An LLC’s profits and losses pass straight through to the owners and are taxed as part of their income. In contrast, the profits you earn in an S corp are taxed separately. You can choose to become an employee of the S corp, be paid a reasonable salary, and incur payroll taxes on those wages.

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Founders – Get Huge Tax Breaks by acting now!

Shay CPA

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

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