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. Below we dive into the state and unemployment tax responsibilities employers need to know.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

CPA Practice

SEPTEMBER 8, 2023

The tax law provides benefits to employees who choose to participate in flexible spending accounts (FSAs) for qualified expenses. However, if there’s a balance in the account at the end of the year, the remaining funds are generally forfeited. Similarly, the employer saves on its share of payroll taxes.

payroll tax 119

payroll tax Healthcare Account accountant 119

CPA Practice

APRIL 22, 2024

Although he wasn’t involved with payroll, he had check-signing authority over one bank account used solely to buy parts for the business. But the manager wasn’t aware of the company’s failure to pay employment taxes on time. 20-1656, W.D.

payroll tax 52

payroll tax payroll Tax Pennsylvania 52

MyIRSRelief

APRIL 3, 2023

That’s where an accountant (EA or CPA) can help. A Los Angeles, CA accountant can provide essential financial expertise and support to small business owners, helping them make informed decisions and manage their finances efficiently. Contact us today for all you tax and accounting needs.

Account 130

Account accountant accounted accounting and finance 130

MyIRSRelief

APRIL 22, 2024

What Help is Available for 941 Employment Payroll Problems in Corona, CA? Form 941 is used by employers to report income taxes, social security tax, or Medicare tax withheld from employees’ paychecks. Problems with payroll taxes are serious and require immediate attention. What should I do?

Tax 130

Tax payroll tax tax return payroll 130

RogerRossmeisl

NOVEMBER 13, 2022

One way to provide some of these benefits is through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way to set aside funds (or have their employers do so) to meet future medical needs. Distributions from HSAs to cover qualified medical expenses aren’t taxed.

payroll tax 142

payroll tax payroll CPA Tax 142

MyIRSRelief

JANUARY 2, 2023

Owing back taxes: If you owe back taxes , personal income tax, corporate income tax, or employment 941 payroll tax, the IRS may take enforcement action, such as placing a lien on your property or garnishing your wages and levying your bank accounts.

Tax 147

Tax tax return payroll tax audit 147

CPA Practice

OCTOBER 17, 2023

By Bhairavi Parikh, CPA. Here’s what you need to know: If the individual works for an employer, the Social Security tax is withheld from the paycheck and gets reported by their employer through payroll taxes. Use tax planning strategies to reduce your other business income to minimize taxes on Social Security income. =

Tax 115

Tax Account accountant accounted 115

CPA Practice

DECEMBER 18, 2023

The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. Available at IRS.gov/businessaccount , the new business tax account is a key part of the agency’s continuing service improvement initiative.

tax accountant 126

tax accountant business tax Tax Account 126

RogerRossmeisl

NOVEMBER 7, 2020

If the rate paid doesn’t exceed IRS-approved maximums, and the employee provides simplified substantiation (time, place, and business purpose): the reimbursement is treated as made under an accountable plan (e.g. The post Per-Diem Rates for Post-9/30/20 Business Travel appeared first on Roger Rossmeisl, CPA.

payroll tax 190

payroll tax CPA payroll Tax 190

Going Concern

NOVEMBER 16, 2023

Gain full access to a pool of highly skilled and experienced remote freelance accountants ready to join your team with with no up-front cost. We are sharing a sneak peek of a few top freelance accounting candidates available this week with Accountingfly. Accountingfly is ready to partner with you!

Account 64

Account accountant accounted CPA 64

LyfeAccounting

NOVEMBER 17, 2020

With our first business, LYFE Marketing, I remember stressing to figure out what was the best way to pay my taxes. I missed payroll tax filing deadlines that cost me thousands of dollars. Like, literally, I paid my payroll taxes one-day late by accident, the IRS sent me a penalty for over $1,000.

income tax 52

income tax payroll tax payroll Tax 52

CPA Practice

JANUARY 19, 2024

Accounting Thought Leaders Say CAS Will Become a Must for Firms in 2024 As technology continues to dramatically shape the accounting profession, the latest big conversations have been around AI and automation. The Role of Accounting in CAS 7. Or is it CAAS (Client Accounting and Advisory Services)? Pricing CAS Services 4.

accounting firms 78

accounting firms Account accountant accounted 78

MyIRSRelief

JANUARY 3, 2022

With tax season coming up fast, our thoughts will soon be turning to our books and accounts, as we look to get all of our taxes in order so as to appease the wrath of the tax man. What exactly are TFRP – trust fund taxes? Get tax help today by calling us at 1-877-78-TAXES [1-877-788-2937].

Tax 147

Tax payroll tax payroll Legal 147

Withum

SEPTEMBER 26, 2023

There are vendors to be paid, receivables to be followed up on, employees to be hired and payroll taxes to be remitted timely. A great source of support for a growing or midsize company is outsourced accounting services. Below are five signs that you are ready to explore outsourced accounting services.

Account 52

Account accountant accounted payroll 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). to get started!

payroll tax 52

payroll tax Tax income tax tax return 52

Shay CPA

MAY 15, 2024

In that case, payroll taxes will get complicated fast. Bringing on someone who specializes in payroll can help you overcome obstacles and stay compliant. As accountants who specialize in working with tech startups, we’re exposed to a lot of leading-edge finance software.

Finance 52

Finance Technology accounting and finance payroll 52

DentalAccounting

APRIL 1, 2020

The Coronavirus Aid, Relief and Economic Security Act (CARES Act or Act), which includes cash payments to taxpayers, expanded unemployment insurance, increased funding for healthcare providers, small business loans, and tax relief to businesses. The Act is the third bill from Congress in response to the COVID-19 pandemic.

CPA 100

CPA payroll tax cpa accounting cpa firm 100

CPA Practice

FEBRUARY 12, 2024

Bill to eliminate tax on Social Security Eliminating federal income tax on Social Security retirement benefits could benefit many retirees, especially those who receive other types of taxable income, such as from wages or distributions from retirement accounts. As Kiplinger reported, the Social Security tax wage base jumped 5.2%

Tax 131

Tax Minnesota income tax payroll tax 131

CPA Practice

OCTOBER 20, 2023

Here’s the crux of the matter: If a worker is classified as an employee, the employer must pay its share of payroll taxes, withhold the employee’s share of payroll taxes and required income taxes and report those amounts to the IRS. How can you tell them apart?

payroll tax 116

payroll tax payroll income tax Tax 116

ThomsonReuters

SEPTEMBER 7, 2023

Jump to: What is the future of accounting? Clients are turning to their professional teams, including their accounting firms, to take on more advisory roles. Clients are turning to their professional teams, including their accounting firms, to take on more advisory roles. What is the future of accounting?

Account 59

Account accountant accounted tax return 59

CPA Practice

APRIL 1, 2024

“The AICPA is encouraged by the actions being taken by the IRS to reduce the number of improper ERC claims and ensure that the businesses that are eligible for and need these funds receive them,” said Sue Coffey, AICPA’s CEO of public accounting. “We

cpas 114

cpas payroll tax tax return payroll 114

ThomsonReuters

APRIL 18, 2023

For business owners, payroll is complex and often their greatest expense. For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. What are common payroll errors? How are payroll tax payments made? Comparisons of payroll expenses are useful.

payroll 107

payroll payroll tax Tax audit 107

xendoo

SEPTEMBER 10, 2021

Every small business owner should have access to an accountant. A small business accountant can provide guidance at every stage of your company’s development, and they can be invaluable when it comes to tax preparation, succession planning, and more. But finding the right accountant is about more than just cost.

online accounting 97

online accounting Account accountant accounted 97

CPA Practice

AUGUST 15, 2023

Plus, by adding RA services to your CPA firm, you’ll become your clients’ one-stop solution for their business needs, including accounting, tax, and compliance services. She is the CEO of CorpNet , the smartest way to start a business, register for payroll taxes, and maintain business compliance across the United States.

cpa firm 98

cpa firm tax preparation Legal CPA 98

CPA Practice

APRIL 12, 2023

Relief that maybe your job as a tax and accounting professional might get marginally easier with added agents available to respond to your calls and responses on behalf of your clients? Or nonchalance, since tax representation isn’t an area that you are particularly interested in as a professional? Not anymore.

Account 116

Account accountant accounted forensic accounting 116

MyIRSRelief

JANUARY 16, 2023

They can help ensure that you are taking advantage of all the tax credits and deductions available to you, and can also help you avoid any costly mistakes that could result in an audit or fines. Call Mike Habib, EA today at 562-204-6700 for tax & accounting service.

tax preparation 130

tax preparation income tax Tax Real Estate 130

CPA Practice

OCTOBER 20, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. 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. Throughout his life, Mr.

cpas 52

cpas CPA Education audit 52

CPA Practice

OCTOBER 19, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. 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. Throughout his life, Mr.

cpas 52

cpas CPA Education audit 52

Shay CPA

DECEMBER 2, 2022

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

Tax 59

Tax CPA tax planning payroll tax 59

MazumaBusinessAccounting

FEBRUARY 1, 2023

Accounting and tax software have made it possible for small businesses to get along without having an in-house accountant. However, as businesses grow, accounting issues get more complex, and tax filings become too cumbersome for owners to handle. Overview: What Does a Small Business Accountant Do?

Account 52

Account accountant accounted bookkeeping 52

MazumaBusinessAccounting

JANUARY 31, 2023

Accounting and tax software have made it possible for small businesses to get along without having an in-house accountant. However, as businesses grow, accounting issues get more complex, and tax filings become too cumbersome for owners to handle. Overview: What Does a Small Business Accountant Do?

Account 52

Account accountant accounted bookkeeping 52

CPA Practice

AUGUST 7, 2023

The accounting software and payroll services provider, Patriot Software, has processed over $13 billion in payroll and payroll tax dollars since 2018, a milestone for the SaaS developer says it hit in June 2023. Patriot’s Full Service Payroll handles federal, state, and local payroll tax deposits and filings.

payroll 52

payroll payroll tax accounting software Tax 52

Withum

FEBRUARY 8, 2023

The IRS will request more documentation than your CPA or ERC provider did when they prepared the claim. An IRS agent may limit the scope of the examination to just the ERC, to a full-blown payroll tax audit, to a review of your federal income tax returns, or some combination of all three.

audit 120

audit income tax tax return payroll tax 120

Shay CPA

MARCH 22, 2023

The R&D Tax Credit in most years has been used to offset Payroll Taxes by Startups that generate Net Operating Losses. SHAY CPA P.C. The post Important Changes to R&D Deductions (Section 174) – FAQ appeared first on Shay CPA.

tax return 52

tax return payroll tax payroll Tax 52

SkagitCountyTaxServices

DECEMBER 7, 2023

Now that we’re into December, time is short to take care of your year-end accounting. 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 Another of those areas is payroll reconciliation.

payroll 76

payroll tax return payroll tax Tax 76

Shay CPA

MARCH 13, 2024

Bringing on more headcount means more payroll (and payroll tax) complexity. More clients mean more to process in accounts receivable, and the vendors you need to serve them mean more accounts payable, too. The post A Founder’s Guide to Efficient Financial Management in 2024 appeared first on Shay CPA.

accounting and finance 52

accounting and finance Finance payroll tax payroll 52