Going Concern
FEBRUARY 22, 2023
1 charging two Utah County men and an accounting firm with claiming an excess of $11 million in tax credits through a COVID-related fraud scheme. Wages reported as payroll costs for PPP loan forgiveness or certain other tax credits can’t be claimed for the ERC in any tax period. See also: this r/taxpros thread.
Shay CPA
JUNE 7, 2023
And, of course, you can’t forget about how your layoffs impact your books and payroll. And if you’re in this boat, you should know what it means for your books and your payroll. This will mean more paperwork in the immediate future to close in the state, but it can simplify your books, taxes, and payroll in the long term.
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Anders CPA
MAY 15, 2023
This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Contact Anders The post Employer Payroll Tax Obligations When Employees Work Out-Of-State appeared first on Anders CPA.
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. Beginning July 1, businesses must use the updated Form TC-69 (Utah State Business and Tax Registration). West Virginia. per week on July 1, 2021. .
CPA Practice
JULY 24, 2023
In a dozen states and DC, the number of people on payrolls remains below pre-pandemic levels. Idaho, Utah, Texas and Florida were among the states with the biggest gains in employment since February 2020. For instance, Minnesota’s unemployment rate is up 0.5 percentage point from last year to a still-low 2.9%. ©2023 Bloomberg L.P.
PYMNTS
JANUARY 4, 2019
4) that over the course of December, non-farm payrolls in the United States rose by 312,000 per seasonally adjusted numbers. A worker who paints houses in Utah, where the market for housing is on the rise, was quoted by The Wall Street Journal as saying, “I have to turn people away because I don’t have the capacity to take on their work.”
CPA Practice
DECEMBER 14, 2023
HR, payroll and employer services provider Paychex has issued a report identifying the top five issues to be prepared for in 2024. “We Technology and staffing shortages continue to pose challenges for employers, and compliance and regulatory factors are also raising concerns among businesses.
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