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A Run Through of the Payroll-Related Provisions of the Latest COVID-19 Law

ThomsonReuters

Section 288 aligns the definitions of qualified wages for paid sick and family leave with the Internal Revenue Code and excludes leave payments from employer Social Security employment taxes. Extension of Certain Deferred Payroll Taxes. Employer tax credit for paid family and medical leave.

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When are taxes due in 2024?

inDinero Tax Tips

March 15th, 2024: Form 7004 – File extension and pay estimated tax due. Non Profits May 15th, 2024: Form 8868 – Automatic Extension to File. Partnership (including LLC) March 15th, 2024: Form 1065 – File return and pay tax due. March 15th, 2024: Form 2553 – S-Corp Election. May 15th, 2024: Form 990 – File return.

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Computational Bridge Option Added to 2021 Version of Publication 15-T

ThomsonReuters

Following the enactment of the Tax Cuts and Jobs Act (TCJA) in late-December 20217, the IRS needed to significantly revise Form W-4 (Employee’s Withholding Certificate) (see Payroll Guide 4010). This is because the TCJA made several changes that included eliminating withholding allowances from 2020 through 2025.

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How Do You Start a Dropshipping Business? Start Dropshipping: A Beginner’s Guide

Snyder

billion in 2025. Dropshippers profit from the difference between the wholesale and retail prices of the products they sell. For example, if you need to hire employees, then payroll and payroll tax expenses will add up, and so on. We already spoke about profit margins, let’s take a step further.