Reckon

OCTOBER 17, 2024

Having data on how your business has performed in the past is essential so that you can accurately forecast your own resource investment in key areas: Payroll Inventory Operating hours Marketing & advertising As we move into the holiday season, Aussies are projected to spend 69.7 billion in the lead-up to Christmas and 6.7

accounting software 52

accounting software payroll Retail Sales 52

CTP

APRIL 21, 2025

NIL collectives began to spring up after that pivotal court case in 2021, and by 2023 most of the Power Four schools (the most prominent NCAA Division I football conferences) had NIL collectives. Nonprofits are also still responsible for payroll taxes and may need assistance finding tax credits to help mitigate that cost.

tax planning 52

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Accounting Today

JUNE 12, 2025

million payroll tax scheme. He failed to collect, account for and pay over payroll taxes to the IRS on behalf of each of these companies from 2014 to 2022, a total of at least $3.5 After signing his guilty plea in October 2023, he embarked on a campaign to avoid responsibility for his conduct. He lied to the court, to the U.S.

Tax 85

Tax tax preparation audit Technology 85

Going Concern

JANUARY 22, 2025

According to the indictment, Jerkins, a Certified Public Accountant, owned Jerkins Business Solutions (JBS) which provided tax preparation, bookkeeping, and payroll services, among other accounting and financial services, for individuals and businesses since 2015. JBS was a sole proprietorship, and Jerkins controlled its bank accounts.

Tennessee 59

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CPA Practice

JUNE 19, 2025

Launched in 2023, Pramata’s Partnership Program enables consulting firms and technology companies to elevate their contract management capabilities by embedding Pramata’s contract AI technology as a core foundation of their value added services.

Real Estate 52

Real Estate Technology payroll Healthcare 52

CPA Practice

JUNE 20, 2025

Federal prosecutors indicted Parker and co-defendants, Virginia Humphries of Pittsburgh and Marc Andrew Martin of Detroit, in June 2023. million in COVID-19 relief loans in Pennsylvania. million in COVID-19 relief loans in Pennsylvania. Officials said the Small Business Administration approved 226 of those applications.

Pennsylvania 72

Pennsylvania CPA Technology payroll 72

Withum

DECEMBER 11, 2024

Payroll tax offset: Beginning in 2016, qualified small businesses (defined as those with less than $5 million in gross receipts and those in their first 5 years of existence) can elect to use the R&D tax credit to offset their quarterly payroll taxes, which can provide a significant cash flow benefit.

E-commerce 52

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Shay CPA

FEBRUARY 10, 2025

a pre-seed startup that invests $1 million in domestic R&D during 2023. Under old rules, they would have deducted the full $1 million in 2023. American Innovation and Jobs Act (2023) Sought to reinstate immediate expensing and bolster the R&D tax credit for smaller companies. calendar years.

accrual accounting 52

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Going Concern

NOVEMBER 15, 2024

” ERC was initially created at the onset of the COVID-19 pandemic to encourage businesses affected by lockdowns to retain staff on payroll. Here’s CPA Larry Gray explaining more about this scheme that caused the IRS to issue a moratorium on processing ERC claims in 2023 : In September, U.S.

Tax 52

Tax business tax payroll CPA 52

Accounting Today

JUNE 25, 2025

The purchase, strategically, will allow Xero to have a native bill pay solution all its own, versus relying on third party integrations (Melio has been integrated with Xero since 2023. and Australia, as well as the three "super jobs" of core accounting, accounts payable and receivable, and payroll. growth ambitions.

Technology 59

Technology tax preparation accounts payable audit 59

Accounting Today

JULY 16, 2025

The need for outsourced services, especially in complex areas of finance, payroll, human resources, tax, fund administration and nonprofit strategic development outsourcing, is only growing, and this combination allows us to expand our outsourced finance offerings and scale faster to meet this major need."

Technology 59

Technology tax preparation audit auditor 59

Accounting Today

JUNE 5, 2025

In February 2023, Trifilo sought to obtain a $1.36 From November 2017 to December 2023, Rhew defrauded at least 117 investors of at least $24 million. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 million during that time. million bank-financed loan to purchase a home in D.C.

Tax 59

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Going Concern

JANUARY 13, 2025

A net 26% of CFOs reported feeling more pessimistic about the prospects of their business than three months ago, marking the first time sentiment has tipped into negative territory since the second quarter of 2023. KPMG on the job market in the US : Payroll employment rose by 256,00 in December, after a downwardly revised 212,000 in November.

accounting firms 52

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Accounting Today

JULY 10, 2025

In 2022 and 2023, he and others operated a ghost prep business in three Augusta locations, including a church and Browns residence. As part of the scheme, the contractors issued payroll checks for the workers wages to the shell companies. She also deducted a fee, typically some 6% of the payroll.

Tax 75

Tax tax preparation income tax Technology 75

Going Concern

OCTOBER 25, 2024

The village is searching for a firm that can conduct two audits, one for fiscal year 2022-2023 and for the current fiscal year, 2024-2025. “We We received news that our external auditor that is assigned to our annual audit is resigning and the firm does not have sufficient staffing to take over our 2022-2023 audit,” Gates-Shult said.

accounting and finance 59

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CPA Practice

JUNE 26, 2025

Already an Avalara AvaTax customer since 2018, Therabody also implemented Avalara Exemption Certificate Management (ECM) in 2023 and successfully onboarded and validated over 2,500 customers and 5,200 certificates.

Technology 75

Technology Tax South Dakota NetSuite 75

SkagitCountyTaxServices

JULY 2, 2025

If this bill passes, there may be moves to make in Q3 and Q4 – purchases to time right, payroll to structure, planning conversations to have (and I’m here for all of that: app.acuityscheduling.com/schedule.php?owner=19530343 And third, it only applies to income tax , not payroll tax. Do I need to change anything with payroll?”

income tax 53

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Going Concern

MAY 5, 2025

Mosher and Huebner were directly involved in coordinating meetings with the citys digital team to bring EY on board for the payroll modernization initiative. One person not invited to the payroll modernization brainstorming session with EY was Susan Fahrenkrug, the owner of Advanced IT. ” Juicy.

accounted 52

accounted Account accountant Technology 52

Going Concern

MARCH 10, 2025

Hope #2 Group Home, which underwent an Agreed Upon Procedures investigation into its activities from January 1, 2023, to December 31, 2023. Here’s a jobs report from KPMG : Payroll employment rose by 151,000 in February, after rising a downwardly revised 125,000 in January employment. Financial activities added 21,000.

audit 52

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Accounting Today

JULY 2, 2025

United States of America had to be filed on June 25, 2025, because it was critically close to the two-year statute of limitations for a refund suit, given the IRSs refund claim denial date of June 26, 2023. year-over-year, payroll giant ADP reported.

North Carolina 59

North Carolina tax preparation Technology audit 59

Accounting Today

JULY 1, 2025

Cohen, a member of Accounting Todays 2023 MP Elite. LMC joined Ascend in 2023. By Paige Hagy 4h ago Accounting Small business jobs and wages held steady in June Job and wage growth at small businesses remained stable in June, despite some moderation, payroll company Paychex reported.

North Carolina 59

North Carolina Ohio Technology New Jersey 59

ThomsonReuters

DECEMBER 20, 2024

There are more than 20 types of 1099 forms, including Forms 1099-MISC and 1099-NEC, which are most frequently used by payroll professionals. Starting with the tax year 2023, businesses are required to file information returns, such as Forms 1099-MISC and 1099-NEC, electronically if they are filing 10 or more returns in total.

Technology 52

Technology accounts payable accounting system financial accounting 52

MyIRSRelief

APRIL 3, 2025

A 2023 National Association of Enrolled Agents survey revealed that 62% of clients felt their big-firm preparers didnt understand their financesa statistic that hits home in these vibrant communities. Success brought complexity: payroll for three employees, sales tax from her bustling storefront, and a side gig catering events.

California 130

California Tax tax services corporation tax 130

Insightful Accountant

JUNE 27, 2025

she responded: Being named a Top 100 ProAdvisor for three years in a row (2023, 2024, and now 2025) has helped us grow both in visibility and in confidence. We also asked Jaime if she had "been able to leverage her ProAdvisor Award to promote her firm?",

general ledger 52

general ledger Maryland accounting and finance payroll 52

ThomsonReuters

NOVEMBER 22, 2024

In his 2023 dissent for Helix Energy Solutions Group, Inc. Hewitt , Kavanaugh wrote that the FLSA’s exemption “focuses on whether the employee performs executive duties, not how much an employee is paid.”

Legal 52

Legal Texas Tax accounted 52

ThomsonReuters

JUNE 23, 2025

employers — 74% — continue to rely on noncompete agreements to safeguard their business interests, according to a 2023 U.S. Despite mounting legal and regulatory pressure, a significant majority of U.S. Government Accountability Office (GAO) report.

North Carolina 85

North Carolina Legal Minnesota Arizona 85

CPA Practice

JUNE 23, 2025

Werfel took over as commissioner on March 14, 2023; that term ends on Nov. representative for Missouri’s 7th congressional district from 2011 to 2023. Billy Long He will finish out the term of his predecessor, Danny Werfel, who resigned as IRS chief on Jan. 20, the day of Donald Trump’s presidential inauguration.

Missouri 93

Missouri Mississippi Technology payroll 93

CPA Practice

JULY 4, 2025

drivers pay for an EV has ticked slightly lower in the IRA era, from $64,700 in January 2023 to $59,900 in April, a 7.4% In the most likely scenario, you end up about two years behind on adoption,” Buckberg said. ”I I think [EVs] will be more resilient than people are thinking.” The average price U.S.

Tax 90

Tax Technology payroll audit 90

Accounting Today

JULY 1, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Job and wage growth at small businesses remained stable in June, despite some moderation, payroll company Paychex reported Tuesday. Since dropping below 4% in July 2023, hourly earnings growth has averaged a monthly decrease of 0.05%. percentage points) and 12-month (0.18

Ohio 93

Ohio North Carolina Technology tax preparation 93

Patriot Software

JUNE 23, 2025

In 2023, health spending increased by 7.5%. Most workers in the United States—96%—believe a job should offer health insurance. There are several health benefits you can provide, including HRAs and HSAs. What’s the difference between an HRA vs. HSA? HRA vs. HSA: What’s the difference?

accounted 68

accounted Account accountant payroll 68

TaxConnex

JANUARY 4, 2024

In 2023, familiar trends and new issues showed up across the states. As we start the new year, here’s a look back at some significant sales tax events from 2023. Sales tax holidays Tax breaks continued to mushroom in 2023 – sales tax holidays on everything from groceries and back-to-school supplies to emergency gear and gun safes.

Sales 264

Sales Tax Colorado South Dakota 264

RogerRossmeisl

NOVEMBER 13, 2022

Employers don’t have to pay payroll taxes on HSA contributions made by employees through. The post 2023 Limits for Businesses that Have HSAs appeared first on Roger Rossmeisl, CPA. Earnings on the funds in an HSA aren’t taxed, so the money can accumulate tax-free year after year.

payroll tax 182

payroll tax payroll CPA Tax 182

CPA Practice

FEBRUARY 15, 2023

The new W-4 form for 2023 is now available. You may not file Form W-4 with the IRS, but your payroll depends on it. Read on to learn about 2023 changes to the new W-4 form and what you need to know about 2020 and later versions of Form W-4. New W-4 form 2023: Changes So, what’s new with the 2023 W-4 form?

income tax 130

income tax payroll Tax payroll tax 130

Insightful Accountant

OCTOBER 30, 2023

While many changes won't take effect until the next renewal date(s), price changes are coming to QuickBooks Desktop Payroll and Payments this December.

payroll 105

payroll quickbooks 105

RogerRossmeisl

JULY 17, 2024

They should also deposit non-payroll withheld income tax for June if the monthly deposit rule applies. File a 2023 calendar-year retirement plan report (Form 5500 or Form 5500-EZ) or request an extension. July 15 Employers should deposit Social Security, Medicare and withheld income taxes for June if the monthly deposit rule applies.

income tax 264

income tax Tax payroll CPA 264

Xero

APRIL 2, 2023

Xero Payroll (AU): The Single Touch Payroll Phase 2 reporting deferral ended on 31 March 2023. Xero Payroll (AU): Payroll history has been extended to include changes to the pay run. Xero Payroll (AU): The employee details tab has been improved to enable better functionality and accessibility.

general ledger 111

general ledger tax return payroll accounting apps 111

CPA Practice

JANUARY 26, 2023

Employers must file copies of their 2022 Form W-2, Wage and Tax Statements , and Form W-3, Transmittal of Wage and Tax Statements , with the Social Security Administration by January 31, 2023. Employers must also provide copies B, C and 2 of Form W-2 to their employees by January 31, 2023.

payroll tax 128

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