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Errors in Posting Payroll

SMBAccountant

Almost every business has some sort of payroll to pay their employees. Payroll can become much more complicated than some assume and it often has a substantial impact on financial results. The largest expense for many businesses is their labor expense, yet it’s often the most misunderstood.

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How to Set Up Online Payroll for Your Small Business

xendoo

Doing payroll may not be your favorite part of running a business. If you haven’t yet, the first step is to learn how to set up payroll. Not only do you have to calculate wages, but you must also account for employment taxes—income, Social Security and Medicare. How to Set Up Payroll. Set Your Payroll Schedule.

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Gig Worker Law Change Will Head To California Voters In November

PYMNTS

The added protections would include a minimum earnings guarantee, expense reimbursement, a healthcare subsidy and insurance to cover on-the-job injuries. The initiative would create an alternative to AB5 which keeps employees classified as independent contractors but increases their worker protections.

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??Tax Attorney Weighs In on Payroll Tax Provisions in FY 2024 Budget?

ThomsonReuters

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).