ThomsonReuters

JUNE 22, 2021

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Pennsylvania. Payroll Changes Coming in July appeared first on Tax & Accounting Blog Posts by Thomson Reuters. South Dakota.

payroll 72

payroll Virginia Utah West Virginia 72

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.

audit 130

audit North Carolina Oklahoma Ohio 130

PYMNTS

JULY 17, 2018

In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. But, much like the payroll card debate, the legal questions around virtual cards also focus on fees. Legal action concerning fees linked to physical payroll cards have emerged in recent years.

Legal 40

Legal payroll Georgia Alabama 40

ThomsonReuters

SEPTEMBER 12, 2023

Therefore, it is important that accounting professionals are familiar with reciprocity states to simplify filing and reduce the tax burden for those commuting workers who can benefit from reciprocal agreements. Let’s say a client lives in Maryland but works in Pennsylvania. What is a reciprocal agreement between states?

Indiana 98

Indiana Montana Pennsylvania income tax 98

CPA Practice

JULY 12, 2023

Some states require employers to pay additional payroll taxes. In Alaska, New Jersey, and Pennsylvania, both employers and employees contribute to the fund, with the employee’s portion of SUI deducted from their paychecks. They need EINs to set up an account with the unemployment office to file and remit SUI taxes.

income tax 98

income tax Tax South Dakota Alaska 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. She is the CEO of CorpNet , the most innovative way to start a business, register for payroll taxes, and maintain business compliance across the United States.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

PYMNTS

SEPTEMBER 7, 2016

Payroll cards have been hit with a new controversy. Only days ago, an employee of the restaurant chain Dave & Buster’s filed a lawsuit against the company over its payroll practices. That sentiment echoes other states’ legislative efforts to protect workers from payroll card fees.

payroll 40

payroll Oregon Pennsylvania New York 40

CPA Practice

JANUARY 25, 2023

Nathan Reardon, the first person in Maine to be charged and convicted of fraudulently obtaining funds from a pandemic relief program, is serving a 20-month sentence at the United States Penitentiary Canaan in Waymart, Pennsylvania, according to the bureau of prisons inmate locator. His earliest possible release date is Sept.

Maine 98

Maine Florida Maryland Pennsylvania 98

CPA Practice

JULY 12, 2023

Professionals on the Move is a round-up of recent promotions and staffing announcements from around the accounting profession. in accounting. Wei is a member of the Accounting and Auditing, the Quality Control and Peer Review, and the SEC committees at the NYSSCPA. in accounting and economics, and his M.B.A.

Pennsylvania 52

Pennsylvania Maryland New York accounting and finance 52

CPA Practice

AUGUST 15, 2023

She is a Certified Public Accountant licensed to practice in California and North Carolina with many years of experience as a tax preparer using Drake Tax®. Ann is a graduate of the Wharton School at the University of Pennsylvania. A veteran of accounting journalism, she also speaks at many accounting events, trade shows, and webinars.

Tax 52

Tax North Carolina Indiana CPA 52

PYMNTS

DECEMBER 16, 2019

This week’s B2B Data Digest dives into the latest statistics of fraud targeting corporate funds through internal employee scams in the accounts payable (AP) and payroll departments, and external frauds that reflect the growing threat of cyberattacks. More on that below.).

North Carolina 59

North Carolina accounts payable Delaware payroll 59

Withum

SEPTEMBER 25, 2023

Withum’s unique perspectives enabled the reevaluation of key ERP processes — optimizing technological investments and fostering value through modernization and accountability. They have an exclusive partnership with healthcare networks in New Jersey and Pennsylvania.

Healthcare 52

Healthcare Technology accounting and finance New Jersey 52

PYMNTS

FEBRUARY 6, 2019

The issue mirrors the debate over payroll card fees, and raises new concerns over fees linked to card products for businesses, including interchange fees. 10-per-gallon or $2-per-transaction fee noted as an account administration charge. Bloomberg noted that fleet cards are not subject to the same rules as consumer credit cards.

payroll 66

payroll Kansas Missouri Pennsylvania 66

CPA Practice

MAY 3, 2023

Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession and supporting accounting space. Blake earned a Bachelor of Business Administration in Accounting from King’s College and is a Certified Public Accountant.

Washington 78

Washington Gambling public accounting New Jersey 78

ThomsonReuters

AUGUST 18, 2023

A legal expert in multiple practice areas that includes wage and hour litigation recently talked with Checkpoint Payroll Update regarding the legal battles and pending federal legislation surrounding student-athletes and whether they may be classified as employees under the Fair Labor Standards Act (FLSA) in the future. NCAA , 556 F.Supp.3d

Legal 52

Legal Sports Non-Profits Education 52

PYMNTS

FEBRUARY 24, 2020

Separate research from Coveware found companies paid an average of $84,116 to recover their files in Q4 2019, reports said, adding that public entities accounted for about one-tenth of 2019’s cases. Analysis of BEC complaints filed in 2019 found that BEC scams accounted for nearly half of the $3.5

Tax 65

Tax North Carolina Construction B2B 65

PYMNTS

NOVEMBER 4, 2019

. $600,000 was reportedly stolen by a Canadian bookkeeper , who was found to have taken advantage of the fact that the company’s president, Robert George, signed blank checks for the bookkeeper to make payments in accounts payable and payroll. 777 million was stolen from U.K. 777 million was stolen from U.K.

accounts payable 40

accounts payable bookkeeping Pennsylvania accounting and finance 40

ThomsonReuters

MARCH 3, 2022

In 2021 alone, legal battles and legislation in Pennsylvania, California, and Connecticut directly addressed student-athlete compensation and worker classification. NCAA Student-Athlete Worker Classification Battle Heats Up appeared first on Tax & Accounting Blog Posts by Thomson Reuters. A case in the U.S.

Connecticut 52

Connecticut Pennsylvania California Non-Profits 52

ThomsonReuters

JANUARY 24, 2022

The question arises whether a worker who refuses an employer’s vaccine mandate is eligible to collect unemployment benefits, and if so, are employer unemployment accounts impacted by those claims. Meanwhile, employers across the nation, who are not prohibited by a state law, may impose their own vaccination policy. California.

Rhode Island 119

Rhode Island West Virginia South Dakota Maryland 119

ThomsonReuters

JUNE 28, 2021

Although it is possible to automate payroll systems to account for these minimum wage increases, it is a good idea for payroll professionals to be aware of these changes to avoid the possibility of underpaying employees. Now let’s go over some federal and state payroll stories from the past week. Federal News.

payroll 52

payroll income tax California North Dakota 52

ThomsonReuters

APRIL 26, 2022

that is tasked with accounting all workers in the fossil fuel energy sector as well as the anticipated closure dates of fossil fuel plants, nuclear power plants, and coal mines, and the impacts of closures including layoff numbers, early retirements, and salary changes. Pennsylvania. The state also has an?

payroll 95

payroll Vermont Rhode Island Hawaii 95

ThomsonReuters

JUNE 10, 2021

Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. For the latest in tax, accounting, and payroll news, visit tax.tr.com/blog. To see how your firm can always get the most reliable answers to tax, accounting, and payroll questions, visit tax.thomsonreuters.com/en/checkpoint/contact.

payroll 98

payroll Vermont Tax Connecticut 98

CPA Practice

AUGUST 31, 2023

Add the retirement conversation to your advisory agenda : Often, clients don’t know what to expect from their accountant or an advisory relationship. Advise your client throughout the year on strategies such as estimated tax payments, early withdrawals from retirement accounts, and the max income limits to qualify to contribute to a Roth IRA.

quickbooks 59

quickbooks bookkeeping course Tax CPA 59

ThomsonReuters

JULY 26, 2022

per hour effective July 24, 2009 (see Payroll Guide ¶18,200 ). See Payroll Guide ¶19,010 for a list of the current state minimum wage rates and further wage and hour information. per hour), Idaho, Iowa, Kansas, Kentucky, North Carolina, North Dakota, New Hampshire, Oklahoma, Pennsylvania, Utah, Wisconsin, and Wyoming.

North Dakota 98

North Dakota South Carolina Michigan North Carolina 98

PYMNTS

OCTOBER 28, 2019

The Massachusetts legislature has proposed a regulation that would obligate remote sellers above a certain sales volume to file, and Pennsylvania has already issued a similar demand. Businesses therefore must pay attention to sales tax rates where they sell, as well as all kinds of local tax rates. .

South Dakota 42

South Dakota Retail Arizona income tax 42

PYMNTS

JUNE 27, 2018

The latest salvo illustrating strides made in tackling late payments — and the challenges that still remain — comes from Invu , an accounts payable (AP) automation firm. Lack of controls accounted for 42 percent of fraudulent activity at smaller firms, with a tally of 25 percent at larger firms.

AP Automation 43

AP Automation Pennsylvania accounts payable payroll 43

CPA Practice

OCTOBER 23, 2023

The interim report highlights four small businesses leveraging SSBCI funding, including a consultancy supporting the Latino community in Pennsylvania, a woman-owned telehealth startup in Maryland, and a Tribal LLC in Alaska. In Wichita, Kansas, SSBCI helped fund WorkTorch – a pioneering career platform for service workers.

Kansas 98

Kansas Michigan Vermont Manufacturing 98

Going Concern

APRIL 26, 2024

Accountant Shortage PIPCA Survey Sheds Light on What Existing CPAs Want and Why Some are Leaving [ INSIDE Public Accounting ] Accounting firm business models need to change to retain and attract CPAs amid the worst talent shortage in recent history, the Pennsylvania Institute of Certified Public Accountants (PICPA) asserts in a new survey.

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cpas auditor West Virginia accounting and finance 102