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. For employees, minimum wage is increasing in Missouri and Illinois. Both states require employers, who no longer have unemployment tax liability, to close their unemployment accounts formally.

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payroll tax payroll Tax Missouri 52

CPA Practice

OCTOBER 19, 2023

Top 30 accounting firm Cherry Bekaert has acquired PKF Mueller, a full-service CPA firm based in Elgin, IL. Founded in 1968, PKF Mueller has three Illinois offices—in Elgin, Chicago, and Orland Park—as well as an office in Sarasota, FL. million, making it the 127th largest accounting firm in the U.S.

cpa firm 52

cpa firm CPA Illinois Management Consulting 52

Anders CPA

JANUARY 2, 2024

Huff, CPA and Joshua L. Snyder, CPA in Tax and Clay M. Kniepmann, JD, CPA/CFF/ABV, CFE in Forensic, Valuation and Litigation to principals at the firm. About Ryan Huff Ryan began his accounting career at Anders in 2008 and has worked his way up to principal as a technical resource for the tax department. He holds a B.S.

Missouri 59

Missouri forensic accounting Illinois public accounting 59

Anders CPA

MAY 15, 2023

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Contact Anders The post Employer Payroll Tax Obligations When Employees Work Out-Of-State appeared first on Anders CPA.

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payroll tax payroll South Dakota Rhode Island 52

Going Concern

SEPTEMBER 25, 2023

It’s been a while since we’ve done an Accountants Behaving Badly megapost ( 381 days ago , actually), here’s some bad behavior you may have missed. Twice-Convicted Accountant Is Charged With Embezzling More Than $1.1 Palos Hills Accountant Indicted In $7.8M This stock photo is incredible.

tax preparation 95

tax preparation Gambling Account accountant 95

CPA Practice

MAY 11, 2023

In a recent study, Tipalti found which states were the best to pursue a career in finance or accounting by analyzing the number of jobs available, average salaries, and university rankings. Here’s which states ranked best for a career in finance or accounting. They also determined the best-paying jobs for finance graduates.

Account 104

Account accountant accounted accounting and finance 104

Going Concern

AUGUST 25, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting industry is in a state of transition. The influx of private equity, labor shortages, and remote/hybrid work have all impacted accounting firms to varying degrees.

tax preparation 95

tax preparation CPA payroll tax Illinois 95

CPA Practice

AUGUST 15, 2023

Jared Ballew, 2022-23 Chair of the ETAAC and Vice President of Government and Industry Relations at Taxwell; and Ann Campbell, CPA CIA and Drake Software Trainer will share an overview of the cyber threats that taxpayers and tax professionals face daily. Ann Campbell , CPA CIA, joined Drake Software in 2021 as a Tax Software Trainer.

Tax 52

Tax North Carolina Indiana CPA 52

Nancy McClelland, LLC

DECEMBER 29, 2022

Illinois Department of Human Rights Sexual Harassment Training For the record, this one is state-mandated, not just city-wide. The Illinois Workplace Transparency Act requires all employers to comply with the sexual harassment prevention training by December 31, 2020, and thereafter must provide annual training to all employees.

Illinois 52

Illinois payroll Education CPA 52

Nancy McClelland, LLC

JULY 3, 2023

Most payroll software (including Gusto ) will address this discrepancy automatically, but it’s worth checking your system to make sure. hr regular pay and $8/hr for tipped workers), but require higher hourly pay than the State of Illinois ($13/hr regular pay and $7.80 times the minimum wage. tipped workers).

Illinois 52

Illinois payroll CPA Account 52

CPA Practice

MAY 1, 2023

TNS) If your small business doesn’t offer a retirement account to your employees, now may be a good time to change that. California, Oregon, Illinois, Colorado, and other states require businesses to either start their own retirement plan or enroll their employees in the state automated program called auto-IRAs. By Brit Morse, Inc.

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Oregon Nebraska Colorado Illinois 134

Going Concern

OCTOBER 27, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. They also expressed doubt IRS would deliver on its promise to not increase audits on those making less than $400,000 per year, promising to hold IRS Commissioner Danny Werfel accountable. “My

CPA 87

CPA auditor accounting and finance audit 87

CPA Practice

FEBRUARY 1, 2023

For Those in or Nearing Retirement Later Starting Age for Required Minimum Distributions (RMDs) The age at which retirement account owners must start taking RMDs will increase to 73, starting January 1, 2023, and will further raise the age to 75 in 2033. The catch-up amount for people age 50 and older in 2023 is currently $7,500.

Illinois 96

Illinois Start-ups Tax CPA 96

MyIRSRelief

JULY 3, 2023

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. They can help implement internal controls, review payroll processes, and provide guidance to minimize the risk of errors or discrepancies in future ERC claims.

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audit North Carolina Oklahoma Ohio 130

CPA Practice

JULY 12, 2023

HEALTH SAVINGS ACCOUNTS A health savings account (HSA) is one of the most tax-efficient ways to save for long-term care costs. HSAs are also portable, which means that individuals can keep their accounts even if they change employers, health plans, or retire. Rahill, CPA/PFS, JD, LL.M., SECURE ACT 2.0

Tax 98

Tax tax return payroll tax Illinois 98

CPA Practice

DECEMBER 19, 2023

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days).

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

Going Concern

AUGUST 21, 2023

This week I’ll be covering the Illinois CPA Society SUMMIT23 so if you want to keep up with all that from the comfort of your home or office go on Twitter. Weaver, a Houston-based national accounting and advisory firm, plans to open a new office The Woodlands later this year. Good morning afternoon and happy Monday to you.

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audit Account accountant accounted 52

CPA Practice

OCTOBER 18, 2023

Property and payroll taxes In addition to business or personal income taxes and sales tax, property and payroll taxes are important considerations. Payroll taxes, such as unemployment insurance and workers’ compensation, can also vary across states and affect your labor costs.

business tax 59

business tax Tax Alaska South Dakota 59

Nancy McClelland, LLC

JULY 7, 2022

In case it’s helpful, those resources were highlighted in these blog posts: – Year-End Reminders For Chicago Businesses | The Dancing Accountant – April 2021 FREE Small Business Webinars – City of Chicago | The Dancing Accountant – BACP Updates | Chi Biz Strong Initiative | The Dancing Accountant.

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payroll Start-ups Healthcare Manufacturing 52