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Navigating Tax Compliance Challenges in the Trucking Industry: How Our Tax Firm Can Guide You

MyIRSRelief

Trucking companies form the backbone of the transportation industry, ensuring that goods are delivered efficiently and promptly across the country. However, with the increasing complexity of tax regulations, many of these companies find themselves struggling to maintain tax compliance.

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2023 in review: The year in sales tax

TaxConnex

Added another critic, in August, “Next week’s installment of Connecticut’s annual suspension of sales taxes on clothing and shoes may be a reminder that government is very good at bribing people with their own money.” National sales tax H.R.25 The instantly embattled bill seeks a national sales tax on the use or consumption in the U.S.

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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

Manufacturing and Construction: From specialized manufacturers to construction companies rebuilding LA’s infrastructure, these industries require assistance with depreciation schedules, property taxes, and payroll tax compliance. to minimize your tax burden and maximize profits.

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The Certified Payroll Professional Corner: Overtime

ThomsonReuters

Payroll conference guidance on fringe benefits. It covers many fringe benefits, such as: employee discounts, group-term life insurance coverage, health savings accounts, transportation benefits, adoption assistance, and employer provided cell phones, among other benefits. Payroll Guide ¶3540 discusses fringe benefits.

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Tax Relief provided by CARES Act

MyIRSRelief

portion of the Social Security (OASDI) payroll tax (or against the Railroad Retirement tax) for 50% of certain wages (below) paid to employees during the COVID-19 crisis. Delayed payment of employer payroll taxes. Taxes that can be deferred include the 6.2% Suspension of certain aviation taxes.

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Business Expenses and Tax Deductions: Indinero’s Ultimate Guide

inDinero Tax Tips

Payroll Taxes : The employer portion of social security and Medicare payroll taxes are deductible business expenses. If you live in one city but commute to another for work, your tax home is the city where you work. Accommodation: Expenses for lodging, such as a hotel or an Airbnb.

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The Certified Payroll Professional Corner

ThomsonReuters

.” He adds that, “You need a general knowledge of all payroll functions.” ” The CPP only covers federal payroll information – payroll laws, U.S. Department of Labor regulations, record retention, federal payroll tax forms, payroll systems, and accounting.

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