CPA Practice

JUNE 26, 2025

a leader in modern tax compliance automation, has announced how its customer Therabody has greater confidence in compliance processes amid the company’s global expansion by streamlining tax management, improving workflows, and driving operational efficiency. OBannon Avalara, Inc. , OBannon Avalara, Inc. , Wayfair, Inc.

Technology 75

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CPA Practice

JULY 25, 2025

Mary Girsch-Bock Professionals on the Move is a round-up of recent hiring, promotion and staffing announcements from around the accounting and tax profession. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. She is a member of the American and Pennsylvania Bar Associations.

West Virginia 40

West Virginia Pennsylvania Technology accounting and finance 40

ThomsonReuters

DECEMBER 2, 2024

Prior to this final rule, the FLSA overtime salary threshold was $684 per week, effective January 1, 2020. The post DOL evaluating overtime salary exemption ruling with DOJ to determine next steps appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Texas 59

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ThomsonReuters

JUNE 27, 2025

At the forefront is the “One Big Beautiful Bill Act,” a high-profile legislative package that could redefine payroll tax policy by permanently extending key provisions of the Tax Cuts and Jobs Act (TCJA) and introducing new exemptions for overtime pay and employee tips. Beyond Capitol Hill, the U.S.

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Accounting Today

JULY 10, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases. Augusta, Georgia: Two ghost preparers have pleaded guilty to a tax scheme. All rights reserved. By Jeff Stimpson July 10, 2025, 6:14 p.m.

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CPA Practice

JULY 23, 2025

extension on filing taxes and payment) beyond what was initially provided when the state of emergency was declared. extension on filing taxes and payment) beyond what was initially provided when the state of emergency was declared. when there is loss of property to circumstances beyond your control – fire, theft, disaster, etc.).

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CPA Practice

JULY 22, 2025

OBannon Payroll July 22, 2025  AARP Survey Shows Confidence in the Future of Social Security Among Younger Adults at 15-Year-Low Americans’ confidence in the future of Social Security has declined by 7 percentage points in the last five years, from 43% in 2020 to 36% in 2025. © 2025 Firmworks, LLC.

Technology 100

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CPA Practice

JULY 18, 2025

The results showed that 67% feel more prepared to handle today’s economic uncertainty than they did in 2020, crediting increased technology investment and hard-earned experience. OBannon Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals.

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ThomsonReuters

NOVEMBER 22, 2024

” The post Legal challenges continue against DOL’s minimum salary threshold for overtime regulations appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Department of Labor.

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CPA Practice

JULY 24, 2025

OBannon Payroll July 22, 2025  AARP Survey Shows Confidence in the Future of Social Security Among Younger Adults at 15-Year-Low Americans’ confidence in the future of Social Security has declined by 7 percentage points in the last five years, from 43% in 2020 to 36% in 2025.

Technology 52

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CPA Practice

JULY 22, 2025

OBannon A new AARP report released today , ahead of Social Security’s 90th anniversary, reveals Americans’ confidence in the future of Social Security has declined by 7 percentage points in the last five years, from 43% in 2020 to 36% in 2025. In 2020, 74% of people said the same. © 2025 Firmworks, LLC.

Technology 82

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MyIRSRelief

MAY 19, 2023

With this bustling economy comes a complex tax system, which can be overwhelming and confusing for many taxpayers. Whether you are a small business owner, self-employed, or an individual taxpayer, you may face tax issues such as tax audits, back taxes, and 941 payroll tax problems.

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MyIRSRelief

AUGUST 10, 2020

Payroll tax resolution issues are amongst the most common reasons for the IRS pursuing Los Angeles or other cities, business taxpayers, or individuals whom they deem should be responsible taxpayers, which is why it’s important to ensure that you resolve any payroll 941/940 tax problems sooner, rather than later, should they arise.

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RogerRossmeisl

AUGUST 9, 2021

According to the Association of Certified Fraud Examiners’ Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse, construction companies affected by fraud lose a median $200,000 per fraud incident, compared with $125,000 per incident for all organizations. These can lead to legal liability and fines.

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RogerRossmeisl

NOVEMBER 7, 2020

IRS issued Notice 2020-71 which contains the special per-diem rates for taxpayers to use, after 9/30/2020, to substantiate ordinary and necessary business travel expenses. In general, the IRS-approved per-diem maximum is the General Services Administration (GSA) per-diem rate paid by the federal government to its workers.

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MyIRSRelief

OCTOBER 3, 2022

If you own a property, a business, or are employed, you’ll likely have to pay taxes. According to the 16th Amendment in our Constitution, individuals are required to pay taxes from income sources. Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. Call us today at 1-877-788-2937.

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RogerRossmeisl

MAY 20, 2021

In 2019, AB 5 was signed into law with an effective date of 1/1/2020. This means that many workers previously classified as independent contractors are now employees under California law and you must withhold California income and payroll taxes, and meet California’s minimum wage and overtime requirements.

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Withum

MAY 19, 2022

If you received a notice regarding deferred social security taxes that you partially paid back in December 2021, then you are not alone. The IRS has recently issued CP256V Notices to taxpayers that assert penalties and interest for failure to make proper federal tax repayments relating to Form 941. What Is the Fix?

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MyIRSRelief

MARCH 31, 2020

Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. An additional $500 additional payment will be sent to taxpayers for each qualifying child dependent under age 17 (using the qualification rules under the Child Tax Credit).

Tax 100

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Katz,Sapper&Miller

MARCH 23, 2020

On March 20, the IRS, the Treasury Department, and the Labor Department announced preliminary guidance (via IR 2020-57) for claiming the new payroll tax credits provided under the Families First Coronavirus Response Act.

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SingleTrackAccounting

OCTOBER 6, 2020

An alarming amount of business owners are not taking advantage of a major federal tax saving filing status, s-corporation. You are probably overpaying your taxes. . The key feature that makes an s-corp different is the tax advantages it offers. An s-corp is a tax filing status with the IRS. . We’ll unpack this for you.

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Patriot Software

DECEMBER 12, 2022

Back in 2020, Colorado voted to implement its own Paid Family and Medical Leave Insurance (FAMLI) program. It means you have a new payroll tax […] READ MORE. State paid family leave (PFL) programs aren’t slowing down anytime soon. And beginning in 2023, the Colorado paid family leave program takes effect.

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CPA Practice

MAY 11, 2023

At the center of the scheme, according to federal prosecutors, is former IRS agent Frank Mosley, who was also identified as a “current city of Oakland tax enforcement officer.” In addition, charging documents said the Mosley brothers’ August 2020 application for their shell company, Forward Thinking Investors Inc.,

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CapataCPA

JANUARY 20, 2021

Employee Retention Credit The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was an economic stimulus bill that was signed into law on March 27, 2020. The post Employee Retention Credit appeared first on CPA firm in Orange County, CA | CAPATA.

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SkagitCountyTaxServices

SEPTEMBER 29, 2021

Is The Employee Retention Tax Credit Right For Your Skagit County Business? Late last year the Taxpayer Certainty and Disaster Tax Relief Act of 2020, following up on earlier relief laws, allowed the good folks at the IRS to give Skagit County employers like you a real tax break. How do you qualify?

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SkagitCountyTaxServices

MARCH 17, 2021

So, while the IRS has not yet released their guidance for 2021 on the Employee Retention Credit, we can go straight to the sources and pick apart the legislation to look for changes compared to the original CARES Act of 2020. Here’s probably the biggest whammy when it comes to claiming this tax credit. How much is the ERC?

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Cherry Bekaert

APRIL 4, 2023

As a key benefit to growing businesses, Cherry Bekaert can provide support for your organization’s tax credits and incentives requirements. utilizing energy-efficient technologies, LEED® certification, etc.) solar, fuel cell, small wind energy property, geothermal, micro-turbine, etc.)

Tax 75

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Basis 365

OCTOBER 26, 2022

Organizations can save on taxes by using the Research and Development tax credit. Yet, this is everything you need about the research-and-development tax credit. What's the R&D tax credit for? What's the R&D tax credit for? The R&D credit is a tax incentive for U.S. This is equal to 50%.

Tax 95

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Withum

JANUARY 4, 2023

The CARES Act, signed into law on March 27, 2020, created the ERC. It is a refundable payroll tax credit that applies to certain wages paid to employees starting March 13, 2020. The program has been amended various times and is available for most taxpayers through the third calendar quarter of 2021.

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Dent Moses

JULY 6, 2022

A couple of weeks ago we covered the IRS backlog of amended payroll tax returns (941X) for employee retention credits. Why? Because most taxpayers were apprehensive of reporting the ERC refunds as income (reduction of wages) for 2020 or 2021 when they had no idea when or if they would receive the refunds.

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payroll tax tax return payroll Tax 98

CTP

AUGUST 10, 2023

Taxpayers have been pummeled by the same eye-catching ads all tax season: “ Get $26,000 per employee through the Employee Retention Credit! These “ERC mills” make grand promises but provide very few details on how to actually qualify for this lucrative tax credit. The ERC is a fully refundable tax credit.

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CPA Practice

FEBRUARY 15, 2023

Unlike the big W-4 form shakeup of 2020, there aren’t significant changes to the new form. You may not file Form W-4 with the IRS, but your payroll depends on it. Employers use Form W-4 to determine how much to withhold from an employee’s gross wages for federal income tax. Continue reading at the Patriot Software payroll blog.

income tax 130

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CPA Practice

MAY 24, 2023

in unpaid sales and payroll taxes. The unpaid taxes had been accumulating for over a year. In April 2020, Pandya purchased Boston Market, which was down to 300 locations from a peak of 1,200, for an undisclosed amount from Sun Capital Partners. based cricket league , but a court in 2020 blocked that effort.

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ThomsonReuters

APRIL 18, 2023

A DOL determination would have “ no direct impact on tax withholding,” Lebowitz noted. The employer is responsible for calculating the garnishment amount, withholding it through its payroll process, and forwarding payments to the correct agency or creditor. And Missing deadlines Federal taxes must be deposited on specific dates.

payroll 107

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Cherry Bekaert

APRIL 5, 2023

The Research and Development (R&D) Tax Credit is a federal incentive designed to promote innovation in the design, development and improvements of processes, products and services. It allows companies to receive tax credits when certain expenses are incurred for the performance of qualified R&D activities in the U.S.

Tax 75

Tax payroll tax general ledger payroll 75

ThomsonReuters

APRIL 9, 2021

Employers were reimbursed with a payroll tax credit or a refund if the cost exceeded their tax liability. Credits were claimed through Form 941, the quarterly employment tax return. The credit will be against the employer’s share of Medicare tax. in February. Reported state unemployment rates ranged from 2.9%

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CPA Practice

APRIL 28, 2023

Like salaried wages, tips are subject to income and payroll taxes. Waiters, for instance, are technically required to report tips to their employer, who then withholds and pays the proper taxes. The SITCA program will track tips automatically and doesn’t require a tax reporting commitment from employees.

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