TaxConnex

JANUARY 4, 2024

The instantly embattled bill seeks a national sales tax on the use or consumption in the U.S. of taxable property or services in lieu of the current income taxes, payroll taxes and estate and gift taxes. The rate of the sales tax would be 23% in 2025 and adjusted in subsequent years.

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ThomsonReuters

DECEMBER 29, 2020

The law includes a number of payroll-related provisions aimed at helping employers and workers close out 2020 and begin 2021. The editors of the Thomson Reuters Checkpoint payroll news team feel it would not be too bold to write that 2020 has been a challenging one. Extension of Certain Deferred Payroll Taxes.

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payroll Non-Profits Agriculture payroll tax 118

ThomsonReuters

JANUARY 16, 2024

The earned income tax credit (EITC) is determined based on a taxpayer’s earned income from wages and other sources. The earned income tax credit (EITC) is determined based on a taxpayer’s earned income from wages and other sources. How is the EITC changing?

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CPA Practice

FEBRUARY 2, 2023

“This bill imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income taxes, payroll taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2025, with adjustments to the rate in subsequent years.

income tax 98

income tax Georgia payroll tax Tax 98

ThomsonReuters

MARCH 6, 2024

Employers who did not claim the ERC on an originally filed quarterly payroll tax return in 2021 can claim the credit by filing an amended return for each quarter for which they were eligible for the credit. Employers who wish to claim the ERC must file amended returns for any quarter ending in 2021 no later than April 15, 2025.

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tax return payroll tax payroll Tax 52

Anders CPA

AUGUST 23, 2022

Included in the new act is an extension of the Affordable Care Act provisions that were provided in the American Rescue Plan Act of 2021, which helped individuals in buying health coverage on the marketplace, which has now been extended through 2025. RESEARCH CREDIT FOR SMALL BUSINESSES. GREEN ENERGY.

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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 term refers to when the IRS taxes the same income twice—once at the corporation level and again on an individual shareholder’s personal income tax.

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business tax Tax income tax payroll tax 52

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

inDinero Tax Tips

JANUARY 16, 2024

For sole proprietors and certain single-member LLC’s, fill out IRS Form 4868 Corporations, partnerships, and multimember LLC’s should use IRS Form 7004 When are Taxes Due for Quarterly payments in 2024? Estimated tax payments are to be made quarterly; they can be submitted online or posted in the mail with Form 1120-W.

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Tax tax return payroll tax Delaware 52

KROST

OCTOBER 9, 2020

Proposes taxing capital gains and dividends at same rate as ordinary income tax for taxpayers with over $1MM in income. Proposes to eliminate step up in basis for capital gains and tax all unearned capital gains at death. Pass-through Business Income. Corporate Tax Rates. Payroll Taxes.

Real Estate 75

Real Estate Tax payroll tax income tax 75

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

DECEMBER 11, 2020

The IRS has added an optional computational bridge to its 2021 version of Publication 15-T (Federal Income Tax Withholding Method) that employers can use if they want to treat 2019 or earlier Forms W-4 as if they were 2020 or later Forms W-4 for the purposes of determining federal income tax withholding. Background.

income tax 98

income tax Agriculture Tax Non-Profits 98

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. Establishing such a system is a requirement of new AICPA QM standards, and the effective date for compliance is December 15, 2025.

cpas 52

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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. Establishing such a system is a requirement of new AICPA QM standards, and the effective date for compliance is December 15, 2025.

cpas 52

cpas CPA Education audit 52