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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ThomsonReuters

JANUARY 26, 2023

The attempt to withdraw the rule was legally challenged and a federal court vacated the action on March 14, 2022, leaving the 2020 final rule in effect. Legal insights into the proposed rules Payroll on Checkpoint discussed the proposed rules with Todd Lebowitz, a partner at BakerHostetler.

Legal 59

Legal California Tax New Jersey 59

ThomsonReuters

NOVEMBER 20, 2020

Biden’s platform notes that employer misclassification of “gig economy” workers as independent contractors prevents them from receiving their legal benefits and protections. The revamped ABC test would mean more workers will get the legal protections and benefits they rightfully should receive.

payroll 105

payroll payroll tax Tax Legal 105

Ryan Lazanis

SEPTEMBER 19, 2023

In this post, we’ll discuss key considerations for effective accounting website design and showcase a variety of inspiring examples that can guide your own creative approach. As such, instead of promoting your accounting skills, always prioritize client-centric messaging throughout your website. Let’s go!

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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. Localities changing their minimum wage on July 1, 2021: Berkeley, California: $16.32 per hour ($15.00

payroll 52

payroll income tax California North Dakota 52

xendoo

JULY 15, 2022

Doing payroll may not be your favorite part of running a business. If you haven’t yet, the first step is to learn how to set up payroll. Not only do you have to calculate wages, but you must also account for employment taxes—income, Social Security and Medicare. How to Set Up Payroll. Set Your Payroll Schedule.

payroll 59

payroll payroll tax income tax Tax 59

ThomsonReuters

MARCH 1, 2021

This makes a business’s payroll department very important since it is typically an employer’s greatest expense. And arguably the most important (and challenging) time to be a payroll professional, is during the period known as “year-end.” This can make March an interesting month for payroll professionals. Federal News.

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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. A delay allows business owners to specify a future effective date on their registration forms, granting them control over when their company officially becomes a legal entity.

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Rhode Island West Virginia South Dakota North Dakota 116

ThomsonReuters

JULY 7, 2021

Constitution in 1913 that permanently legalized a federal income tax. In general, the federal income tax, Social Security tax, FUTA tax, Medicare tax, and Additional Medicare tax are considered employment or payroll taxes. Form 941 was updated a few more times to account for the COVID-19 credit amendments and expansions.

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payroll Tax income tax payroll tax 59

Shay CPA

DECEMBER 7, 2022

Close your accounts. You’ve probably already thought about closing your bank accounts, but that’s not the only area where you need to get things sorted. Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts.

tax accountant 59

tax accountant Tax tax return Account 59

ThomsonReuters

NOVEMBER 20, 2020

Biden’s platform notes that employer misclassification of “gig economy” workers as independent contractors prevents them from receiving their legal benefits and protections. The revamped ABC test would mean more workers will get the legal protections and benefits they rightfully should receive.

payroll 52

payroll payroll tax Tax Legal 52

CPA Practice

JULY 12, 2023

Some states require employers to pay additional payroll taxes. For example, in California, employers must also pay an Employment Training Tax (ETT), which provides money to train employees in specific industries, helping make California employers more competitive. Typically, employers must pay SUI quarterly. What is SIT Tax?

income tax 98

income tax Tax South Dakota Alaska 98

Withum

OCTOBER 11, 2023

On October 7, 2023, California Governor Newsom signed SB 253 and SB 261 , collectively known as the “California Climate Accountability Package,” into law. The adverse effects of climate change, such as escalating wildfires, rising sea levels, and extreme weather conditions, are already manifesting in California.

California 59

California payroll Start-ups accounting and finance 59

PYMNTS

OCTOBER 9, 2018

has developed its own payroll debit card with ADP to circumvent proposed regulations that would impact the ability for unions to have member dues deducted automatically from paychecks. home healthcare union, representing an estimated 385,000 in-home healthcare employees in California — is launching a pre-paid debit card, co-branded with ADP.

payroll 53

payroll Healthcare California Legal 53

PYMNTS

OCTOBER 10, 2018

.” Now, a major workers’ union in the at-home healthcare industry has a unique strategy to circumvent that proposal: develop its own payroll card. home healthcare union, representing an estimated 385,000 in-home healthcare employees in California — is launching a pre-paid debit card, co-branded with ADP.

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payroll Healthcare California Legal 46

Going Concern

JUNE 14, 2022

12 years ago my former colleague Caleb Newquist published a post titled “Do Accounting Firms Care if You’re On Drugs?” After all, several states other than California have legalized recreational marijuana since then and apparently you can even buy shrooms online in Canada which holy s**t, what?! Wait, what?

accounting firms 99

accounting firms Account accountant accounted 99

ThomsonReuters

AUGUST 15, 2022

However, the Office of Management and Budget (OMB) put the requirement on hold in 2017 until legal action was taken. California now requires employers with 100 or more employees to report pay and hours-worked data by establishment, job category, sex, race, and ethnicity to the Civil Rights Department (CRD) annually.

Illinois 97

Illinois payroll California Government 97

PYMNTS

SEPTEMBER 25, 2019

Committee Chairwoman Maxine Waters of California voiced her support of the legislation, as well as calling for the House Judiciary Committee to advance legislation to address the criminalization of marijuana. have legalized some form of marijuana, and it is time for Congress to act,” she said. 47 states, 3 territories and D.C.

Ohio 94

Ohio Colorado Legal Washington 94

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. Some spreadsheets and a few dedicated hours each month might be enough to keep your books sorted.

accounting and finance 52

accounting and finance Finance payroll tax payroll 52

inDinero Tax Tips

DECEMBER 13, 2021

Among other tax changes, the Coronavirus Air, Relief, and Economic Security (CARES) Act created a business tax credit for keeping employees on payroll. 2021 Tax Changes in California. In the state of California, there has been one notable tax change for 2021 that impacts businesses. Credit: Adeolu Eletu.

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inDinero Tax Tips

DECEMBER 13, 2021

Among other tax changes, the Coronavirus Air, Relief, and Economic Security (CARES) Act created a business tax credit for keeping employees on payroll. Credit: Adeolu Eletu 2021 Tax Changes in California In the state of California, there has been one notable tax change for 2021 that impacts businesses.

Tax 52

Tax payroll tax California payroll 52

Going Concern

JANUARY 6, 2023

FTX Customers Take Enron, WorldCom Path in Legal Fight for Cash [ Bloomberg Law ]. FTX customers going outside bankruptcy court to recover losses from Sam Bankman-Fried’s failed crypto empire are using a legal path that has worked in past collapses such as WorldCom and Enron: They’re going after the supposed enablers.

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cpa firm CPA New Hampshire Ohio 52

CPA Practice

AUGUST 15, 2023

Understand your legal and regulatory obligations, develop adequate policies to secure client data and protect your practice. 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®. Already registered for this webinar?

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Tax North Carolina Indiana CPA 52

PYMNTS

OCTOBER 3, 2019

Dama Financial, a financial services provider that collaborates with banks to provide services to the legal cannabis industry, is collaborating with Helix TCS on a B2B eCommerce platform for the marijuana sector. The companies announced in a press release Wednesday (Oct. The companies announced in a press release Wednesday (Oct.

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B2B Legal California payroll 52

PYMNTS

JULY 6, 2020

Parma was the target of a recent audit by state Auditor Nicole Galloway, who found evidence of payroll fraud and/or “improper payments to the mayor, city clerk, and to city officials and others who were related to the major or city clerk.”

accounts payable 59

accounts payable Missouri payroll Real Estate 59

ThomsonReuters

MARCH 3, 2022

A National Labor Relations Board (NLRB) complaint filed by the National College Players Association, a collegiate athletes’ advocacy group, against the University of Southern California, University of California Los Angeles, the Pac-12 Conference, and the?National The future of student-athlete worker classification.

Connecticut 52

Connecticut Pennsylvania California Non-Profits 52

xendoo

FEBRUARY 15, 2022

The National Society of Accountants (NSA) reports that tax consultants typically charge between $176 and $457. You can expect to pay higher fees for accountants based in a larger city with a high cost of living. For example, filing taxes in California will likely cost more than in other parts of the United States.

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tax consultant Tax tax return business tax 103

inDinero Tax Tips

MARCH 13, 2023

You can choose to become an employee of the S corp, be paid a reasonable salary, and incur payroll taxes on those wages. If you receive $200,000 as an S corp employee, you’ll only pay payroll taxes on what you decide is a reasonable salary, say $120,000. In contrast, the profits you earn in an S corp are taxed separately.

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income tax Non-Profits payroll tax Tax 52

inDinero Tax Tips

MARCH 13, 2023

You can choose to become an employee of the S corp, be paid a reasonable salary, and incur payroll taxes on those wages. If you receive $200,000 as an S corp employee, you’ll only pay payroll taxes on what you decide is a reasonable salary, say $120,000. In contrast, the profits you earn in an S corp are taxed separately.

income tax 52

income tax Non-Profits payroll tax Tax 52

PYMNTS

JUNE 1, 2018

QuickBooks on Thursday (May 31) said it is now offering “Contractor Direct Deposit” as a new feature in QuickBooks Payroll. These are heady times for the gig economy, independent contractors and the legal and payment issues attached to those areas. In fact, 30 percent of U.S. In fact, 30 percent of U.S.

quickbooks 40

quickbooks B2B accounting software payroll 40

PYMNTS

SEPTEMBER 27, 2019

bank account holders even if they are not American Express cardmembers. Western Union Enables Real-Time Account-To-Account X-Border Payments For Banks, Digital Wallets. Its Pay with Bank Transfer will be offered in Q4 to U.K. MyPayrollHR Founder Faces $70M Fraud Charge.

Legal 46

Legal B2C New York California 46

Going Concern

JANUARY 19, 2023

Pretty sure some of these people showed up in Accountants Behaving Badly , an irregular feature we publish here when Google News results become full of accountant and bookkeeper headshots. Mentioned in: Friday Footnotes: Why People Leave Public Accounting; Audit Workloads Up; Terrorist Clients (Literally) | 12.2.22 government.

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Tax tax return Gambling tax preparation 62

PYMNTS

MAY 17, 2018

It’s being treated as victory — perhaps a mild one, but still a win — for workers in the so-called gig economy : A recent ruling from the California Supreme Court makes it more difficult to classify people as independent contractors instead of employees. Independent contractors — who make up 8.4 percent of the U.S. workforce, or some 12.5

California 44

California payroll tax Legal accounting software 44

PYMNTS

MAY 17, 2018

It’s being treated as victory — perhaps a mild one, but still a win — for workers in the so-called gig economy : A recent ruling from the California Supreme Court makes it more difficult to classify people as independent contractors instead of employees. Independent contractors — who make up 8.4 percent of the U.S. workforce, or some 12.5

California 40

California payroll tax Legal accounting software 40

ThomsonReuters

DECEMBER 14, 2020

This legislation provided relief for businesses and workers, impacted employer-paid sick leave and family leave, deferred the payroll tax, and made changes that affected the employee retention credit, net operating loss (NOLs) reporting, business interest limitations, the alternative minimum tax credit, and other issues. “In Oaks asked.

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business tax Tax Montana New Hampshire 94