Accounting Today

JULY 10, 2025

Kim Brown and another individual ghost preparer prepared 22 false returns that caused the Treasury to issue $541,912 in false refunds. In 2022 and 2023, he and others operated a ghost prep business in three Augusta locations, including a church and Browns residence. She also deducted a fee, typically some 6% of the payroll.

Tax 75

Tax tax preparation income tax Technology 75

CPA Practice

JUNE 23, 2025

Werfel took over as commissioner on March 14, 2023; that term ends on Nov. an Arkansas-based oil and gas company, which Democrats said offered non-existent “tribal tax credits.” representative for Missouri’s 7th congressional district from 2011 to 2023. 20, the day of Donald Trump’s presidential inauguration.

Missouri 93

Missouri Mississippi Technology payroll 93

CPA Practice

OCTOBER 27, 2023

The Internal Revenue Service is reminding employers that the best way to file their next quarterly payroll tax return by the Oct. 31, 2023, due date is electronically. E-filing is the most secure, accurate method to file returns, and saves time. 31 payroll tax deadline. 15, 2023, to file and pay.

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CPA Practice

JANUARY 26, 2023

Filing these documents timely prevents late-filing penalties for employers, helps employees file their income tax returns and prevents tax fraud. Employers must also provide copies B, C and 2 of Form W-2 to their employees by January 31, 2023. and their payroll tax returns (Forms 941, 943, 944, etc.)

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payroll tax tax return income tax payroll 128

Withum

JANUARY 12, 2023

These relief provisions provide an extended due date to May 15, 2023, for disaster-affected taxpayers to file returns. For more information about the IRS’ relief provisions for California taxpayers affected by this winter’s storms, please see IRS CA-2023-02 and IRS Alert IR-2023-03. Contact Us. Let’s Chat.

California 122

California Tax tax return payroll tax 122

CPA Practice

SEPTEMBER 8, 2023

Background : With an FSA, a participating employee generally funds his or her account with pre-tax dollars through a salary reduction plan. Therefore, the employee saves both income tax and payroll taxes on contributions to the plan. Plus, there’s no tax on amounts withdrawn if they are used to pay for qualified expenses.

Healthcare 119

Healthcare payroll tax accountant Account 119

Snyder

FEBRUARY 12, 2023

Payroll taxes can be daunting for employers to calculate and pay. With the numerous tax laws, regulations and compliance requirements, employers are required to be up-to-date on the latest regulations to ensure they’re making accurate and timely payroll tax payments. It is not intended to provide any tax advice.

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CPA Practice

MAY 11, 2023

They then filed fake payroll tax returns with the IRS to conceal receipt of those funds, authorities allege. The Mosley brothers face an additional maximum of three years in prison for aiding and advising in filing of false tax returns. c)2023 Silicon Valley, San Jose, CA.

payroll 127

payroll tax return payroll tax Tax 127

Shay CPA

MARCH 6, 2024

As you wrapped up the 2023 books for your startup, you probably did some high-level financial review and analysis. For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. In other words, you can’t make this election retroactively.

payroll tax 52

payroll tax payroll Tax tax return 52

CPA Practice

JUNE 13, 2023

But part of what’s driving the ERC backlog in particular are adjusted or amended payroll tax returns, according to Michael Wronsky, a senior manager with Baker Tilly’s tax team. These returns are where the majority of credits have been claimed, and they must be paper filed,” Wronsky explains.

Oregon 111

Oregon tax return payroll tax Tax 111

SkagitCountyTaxServices

NOVEMBER 9, 2022

Now, speaking of one of those changes, you may have to help your employees navigate a change that’s coming to social security payroll taxes starting 1/1/2023…. And if payroll is something you want us to help you with, drop me a note. Here’s what to know about the changes to social security payroll taxes.

payroll tax 52

payroll tax payroll Tax income tax 52

SkagitCountyTaxServices

NOVEMBER 9, 2022

Now, speaking of one of those changes, you may have to help your employees navigate a change that’s coming to social security payroll taxes starting 1/1/2023…. And if payroll is something you want us to help you with, drop me a note. Here’s what to know about the changes to social security payroll taxes.

payroll tax 52

payroll tax payroll Tax income tax 52

CPA Practice

SEPTEMBER 11, 2023

million tax legal battle is going into its seventh year, because the IRS is appealing the 2022 ruling that Mayo Clinic “operated exclusively for educational purposes.” 1, 2023, the IRS submitted an appeal of U.S. million of taxes Mayo Clinic paid on revenue generated by “debt-financed real-estate investment” over seven years.

Real Estate 115

Real Estate Tax Education Hospitality 115

Cherry Bekaert

JULY 9, 2024

This will require more project information to be filed with the tax return, which is in line with how the IRS has been examining research credit calculations. Section G is optional for Qualified Small Businesses that are using the credits to offset payroll tax. 2024-9 Questions?

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Tax payroll tax payroll income tax 96

CPA Practice

OCTOBER 17, 2023

In 2023, an average of almost 67 million Americans per month will receive a Social Security benefit totaling about $1.4 For every $1,640 earned in 2023, one credit will be granted up to $6,560. It is important to note that if the individual is receiving a W-2, the individual and their employer each share the tax burden of 6.2%.

Tax 115

Tax accountant accounted Account 115

CPA Practice

AUGUST 3, 2023

A hearing convened by the Oversight Subcommittee of the House Ways & Means Committee on July 27, 2023, addressed the persistent fraud and backlog of the ERC. The hearing included testimony from several tax practitioners, including a CPA who expressed great concern about the level of fraud in the program.

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CPA Practice

APRIL 13, 2023

Income tax on crowdfunded assets According to the IRS, money raised through crowdfunding is generally considered taxable income. This means that the funds must be reported on your tax return and taxes must be paid on the amount received.

income tax 111

income tax payroll tax tax return Tax 111

Anders CPA

JANUARY 1, 2024

In 2024, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k) elective deferrals. Below we highlight any payroll tax and withholding updates or consistencies for 2024 that employers and employees should be aware of. per hour on January 1, 2024.

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payroll tax payroll Missouri Tax 52

CPA Practice

MARCH 7, 2023

People should not make up income and try to submit a fraudulent tax return in hopes of getting a huge refund.” These credits were available for self-employed individuals for 2020 and 2021 during the pandemic; they are not available for 2022 tax returns. ©2023 Advance Local Media LLC. Visit al.com.

tax return 98

tax return income tax payroll Tax 98

CPA Practice

SEPTEMBER 12, 2023

million tax legal battle is going into its seventh year, because the IRS is appealing the 2022 ruling that Mayo Clinic “operated exclusively for educational purposes.” 1, 2023, the IRS submitted an appeal of U.S. million of taxes Mayo Clinic paid on revenue generated by “debt-financed real-estate investment” over seven years.

Real Estate 95

Real Estate Tax Education Hospitality 95

SkagitCountyTaxServices

DECEMBER 7, 2023

This is something we specialize in so be sure to get on our calendar to set up your EOY tax planning appointment: app.acuityscheduling.com/schedule.php?owner=19530343 owner=19530343 Making time to look at numbers before January 1 allows us to help you make last-minute adjustments so your tax return works in your favor.

payroll 95

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ThomsonReuters

APRIL 18, 2023

Charles Hall , a practicing CPA and Certified Fraud Examiner, suggested walking through payroll — from the hiring of an employee all the way through to a payroll payment and posting — to identify any control weaknesses. During the walkthrough, consider such questions as: Who monitors compliance with payroll laws and regulations?

payroll 107

payroll payroll tax Tax audit 107

SkagitCountyTaxServices

MARCH 17, 2023

While we’ll probably file an extension for you if you’re in this category and just now looking at your taxes, you’ll want to dial in VERY soon. But also, there’s little more than a month before personal tax returns are due. As of 2023, it’s scheduled to reduce every year. Check with us.

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CPA Practice

MARCH 7, 2023

For example, it makes sense to suggest electing S Corp status to your clients when their self-employment tax burden exceeds the tax burden if the corporation converted to an S Corp. For businesses structured as corporations, being an S Corp can help them avoid paying taxes at the corporate and shareholder levels.

New Hampshire 114

New Hampshire tax return Tax income tax 114

CPA Practice

SEPTEMBER 12, 2023

A Kansas woman pleaded guilty on Sept 1, 2023, to willfully failing to account for and pay over employment taxes to the IRS. For the first quarter of 2010 through the last quarter of 2011, however, Clanton did not pay approximately $980,536 in employment taxes owed to the IRS.

Kansas 52

Kansas Tax Construction payroll tax 52

CPA Practice

SEPTEMBER 6, 2023

A Kansas woman pleaded guilty on Sept 1, 2023, to willfully failing to account for and pay over employment taxes to the IRS. For the first quarter of 2010 through the last quarter of 2011, however, Clanton did not pay approximately $980,536 in employment taxes owed to the IRS.

Kansas 52

Kansas Tax Construction payroll tax 52

CPA Practice

OCTOBER 20, 2023

Among the warning signs, businesses should be wary of vendors that require large, contingency fees and those who fail to sign the amended payroll tax returns. In the House of Representatives, H.R. 1705, the STEM Education in Accounting Act.

cpas 52

cpas CPA Education accounting and finance 52

CPA Practice

OCTOBER 19, 2023

Among the warning signs, businesses should be wary of vendors that require large, contingency fees and those who fail to sign the amended payroll tax returns. In the House of Representatives, H.R. 1705, the STEM Education in Accounting Act.

cpas 52

cpas CPA Education accounting and finance 52

Shay CPA

OCTOBER 18, 2023

The Inflation Reduction Act of 2022 has brought some significant amendments to the R&D Tax Credit, making it more accessible and beneficial for qualified small businesses (QSBs). The Basics The R&D Tax Credit, or IRC 41, offers taxpayers a credit against income tax for qualified research expenses (QREs).

payroll tax 52

payroll tax Tax income tax tax return 52

ThomsonReuters

JANUARY 4, 2024

Consider adopting a strategy to advise clients on timely tax planning strategies. Proactively addressing these issues will position your firm as a trusted advisor instead of simply a once-a-year tax return provider. Want to start 2024 off strong with an advisory mindset?

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tax planning Tax Technology tax return 78

inDinero Tax Tips

JANUARY 16, 2024

Important Tax Deadlines for Businesses You should always keep in mind the importance of these dates. They represent the filing deadline, the final day for submitting your business tax returns. Missing these tax payment deadlines might result in penalties or interest charges. What Is a Tax Extension?

Tax 52

Tax tax return payroll tax Delaware 52

Withum

SEPTEMBER 15, 2023

Many companies are experiencing unfavorable cash tax payments when filing their 2022 federal income tax returns this fall, as federal law no longer allows an immediate deduction for Section 174 Research and Experimental (“R&E”) expenses incurred for taxable years beginning after 2021.

tax return 69

tax return payroll tax income tax Tax 69

ThomsonReuters

JUNE 2, 2023

A little more than a week before the IRS issued a revised version of Form 941-X (Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund), and its instructions , the IRS reported that there are nearly 1 million unprocessed amended employment tax returns. The return must still be filed on paper.

payroll tax 52

payroll tax payroll tax return Tax 52

Shay CPA

MARCH 22, 2023

If your company receives the R&D Tax Credit, for example, this would mean that those costs will now be capitalized. Founders and their finance teams will need to provide an analysis of their research and experimental expenses (Section 174 Costs) to accurately prepare corporate tax returns. What is an IRC Section 174 expense?

tax return 52

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xendoo

JANUARY 16, 2023

How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. The IRS taxes corporations as separate legal entities, which opens them up to double taxation. The IRS then taxes them at the corporate income tax rate.

business tax 52

business tax Tax income tax payroll tax 52

Anders CPA

OCTOBER 11, 2022

Important ERTC Takeaways: Still applicable to 2020 and 2021 taxes No application necessary, simply file an amended payroll tax return Strong chance for an IRS audit within 5 years ERTC can increase businesses’ taxable income Tip wages also count towards ERTC. ERTC for Restaurants. times the loan amount.

payroll tax 52

payroll tax tax return payroll audit 52

CPA Practice

SEPTEMBER 14, 2023

Following a recent hearing convened by the Oversight Subcommittee of the House Ways & Means Committee on July 27, 2023, AICPA submitted a written statement for the record expressing concerns with the increase of dishonest ERC mills and recommendations to address the issue.

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cpas payroll tax CPA tax return 64