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

MARCH 26, 2024

It was a free-for-all,” said Michael Brown, an FBI supervisory special agent who heads a financial crimes squad in South Florida. South Florida was a fraudster’s feast. He also claimed his company’s payroll was $1,035,091 in the previous year on an IRS tax form. Millions of government funds rolled into his bank accounts.

Real Estate 125

Real Estate Florida payroll Government 125

Intuitive Accountant

MAY 10, 2022

In his first installment of a two-part series, Murph takes a deep dive into some of the Payroll App/Software sponsors at 'Scaling New Heights 2022' in Orlando, Florida.

payroll 52

payroll Florida 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

FEBRUARY 3, 2023

Rendon, 31, did not use the proceeds for her company’s employee payroll expenses or other overhead costs, as required by law under the Small Business Administration Paycheck Protection Program, according to an indictment. Among the worst offenders in South Florida: Back in 2020, David T. Hines received $3.4

Florida 98

Florida New Jersey payroll Idaho 98

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. Identify Contractors and Employees.

payroll 59

payroll payroll tax income tax Tax 59

PYMNTS

AUGUST 13, 2019

Amid the growing list of cybersecurity concerns businesses must keep on top of, payroll is a growing target for attackers both inside and outside the enterprise. The latest cases of payroll-related cyber incidents reveal the vulnerabilities of the financial process of compensating employees.

payroll 60

payroll Ohio Virginia Florida 60

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

SMBAccountant

SEPTEMBER 29, 2021

She has been helping with much of the behind-the-scenes administrative tasks at SMB, as well as helping with monthly reconciliations, running payroll, and learning how to build DCAA compliant budgets, to name a few things. Her goals include going back to school to get her Master’s in Accounting so that she can one day become a CPA as well.

Florida 130

Florida bookkeeping Healthcare payroll 130

CPA Practice

JANUARY 2, 2024

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 115

Illinois Pharmaceutical E-commerce audit 115

ThomsonReuters

MARCH 22, 2021

For payroll, in particular, there are a number of taxes. A number of those pages will directly affect payroll. It is a resource that offers a sense of security even if the company has its own full payroll department or outsources payroll duties to a third-party provider. Is there interest on the late taxes?

payroll 52

payroll Tax Arkansas Texas 52

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

CPA Practice

APRIL 17, 2023

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. Unfortunately, there’s also a “critical talent shortage,” says Tom Hood, CPA, a vice president with the AICPA. ( [link] ).

quickbooks 130

quickbooks payroll Technology audit 130

CPA Practice

JANUARY 11, 2024

Top 60 accounting firm Prager Metis has expanded its presence in North Carolina by combining with Asheville-based Goldsmith Molis & Gray, a full-service tax, accounting, payroll, and consulting firm. offices in California, Connecticut, Florida, Massachusetts, Nevada, New Jersey, New York, and Virginia.

North Carolina 59

North Carolina Nevada Connecticut New Jersey 59

CPA Practice

JANUARY 25, 2023

Craig Franck, 40, of Levant admitted in August that he used more than $300,000 from two loan programs authorized by Congress during the COVID-19 pandemic for bail on a theft charge in Florida. In August 2021, Franck pleaded guilty in a Florida court to stealing between $20,000 and $100,000 in that state. In September, U.S.

Maine 98

Maine Florida Maryland Pennsylvania 98

Going Concern

SEPTEMBER 11, 2023

Meet a 29-year-old accountant whose ‘resentment’ only climbed after her firm raised her salary from $60k to $90k as she made millions for them. Heredia, 29, started an accountant job at a small Tampa, Florida firm, with the promise that her $60,000 base salary would rise to $100,000 after one year. I was a security guard.

Account 105

Account accountant accounted audit 105

CPA Practice

JUNE 14, 2023

Does this match your perception of what it means to work in accounting? Or the experiences that may be driving accountants out of the profession? A Different Definition of Success The idea of a “lifestyle” accounting firm is not a new one — lifestyle models have been around for a long time.

Technology 120

Technology Florida bookkeeping AP Automation 120

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?” ” is a hugely popular question based on my seeing it every other day on my regular rounds through the internet’s accounting halls. Come hell or high water. Come dependancy [sic.

accounting firms 101

accounting firms Account accountant accounted 101

CPA Practice

JULY 12, 2023

Some states require employers to pay additional payroll taxes. They need EINs to set up an account with the unemployment office to file and remit SUI taxes. Many companies also register with a payroll service, so they don’t have to worry about each state’s tax rates. Typically, employers must pay SUI quarterly. What is SIT Tax?

income tax 98

income tax Tax South Dakota Alaska 98

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

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

Going Concern

APRIL 3, 2023

EY fined, banned from some audits in Germany over Wirecard scandal from Reuters : Germany’s accounting watchdog on Monday handed the 2016-2018 auditor of Wirecard, named in the company’s annual reports as EY, a 500,000 euro fine ($541,650.00) and banned it from taking on new audits for companies of public interest for two years.

auditor 52

auditor Account accountant accounted 52

ThomsonReuters

FEBRUARY 7, 2022

A new year brings minimum wage increases in 21 states while Connecticut and Florida will increase their minimum wage rates later in the year. It is crucial that payroll professionals familiarize themselves with minimum wage rates for garnishment calculations in 2022. . per hour; $7.62 per hour (bartenders) . per hour; $8.27

Rhode Island 92

Rhode Island South Dakota Connecticut Agriculture 92

xendoo

MARCH 17, 2022

Historically, small business owners would partner with a local accounting firm, hire an in-house bookkeeper, or do the bookkeeping themselves with a calculator, pencil, and paper. . Income and expenses flow digitally from the bank account to the bookkeeping software, so every transaction can be accounted for and properly categorized.

bookkeeping 98

bookkeeping bookkeeping software quickbooks bookkeeping services 98

PYMNTS

APRIL 17, 2020

From its start on April 3, PPP provided payroll assistance to more than 1.6 billion, New York with $20 billion, Florida with $17 billion and Illinois at $15.9 billion on 208,360 loans; manufacturing accounted for 108,863 loans totaling $40 billion; healthcare followed with $39.8 billion in loans, Texas at $28.4 billion. .

Illinois 87

Illinois Florida Texas Construction 87

LyfeAccounting

MAY 18, 2021

Or why they think they can get away with lying about businesses and employees when there are so many ways to easily invalidate their loans such as: payroll taxes and. Once approved, he is accused of transferring the funds to his personal bank account and buying over 30 cars with the awarded PPP funds. previously filed business returns.

Florida 71

Florida tax return Washington Maryland 71

ThomsonReuters

APRIL 14, 2022

In November of 2021, Miami, Florida Mayor Francis Suarez responded to a tweet that asked who would be the first U.S. dollars can have the funds converted into virtual currency before the funds are deposited into their account. appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Conclusion.

New York 119

New York Tax Illinois payroll 119

PYMNTS

DECEMBER 14, 2020

Paymerang , which works in accounts payable (AP) automation, has debuted its new Invoice Automation Solution, which a press release stated will help organizations with efficiency, accuracy, visibility and getting rid of manual paper processes. Paymerang Debuts Invoice Solution For Better AP Accuracy.

B2B 70

B2B AP Automation accounting and finance accounts payable 70

xendoo

JANUARY 16, 2023

Corporate tax Self-employment tax Sales tax Payroll tax We’ll cover everything you need to know about tax rates for the most popular business entity types—corporations, partnerships, sole proprietorships, and LLCs. Other than income tax, your small business may be subject to payroll taxes, self-employment taxes, and more.

business tax 52

business tax Tax income tax payroll tax 52

PYMNTS

SEPTEMBER 23, 2019

Vendors even made payments to Jelfo’s credit card accounts, according to reports in patch.com. The investment firm Dapco LTO Investment, based in Florida, invested $3 million in Enerblu. million in total funding, and executives had tens of thousands of dollars in reimbursed expenses and put relatives on the payroll.

Oklahoma 49

Oklahoma Kentucky Florida Maryland 49

xendoo

AUGUST 9, 2023

Business bank accounts have different terms and benefits than personal accounts. As an online accounting service , Xendoo works with many companies and business banking services. You can share view-only access to your bank statements with bookkeepers, accountants, and other trusted financial partners.

accounting and finance 52

accounting and finance bookkeeping Non-Profits quickbooks 52

PYMNTS

MAY 31, 2020

Concerns have also arisen recently about the eight-week term of PPP forgiveness loans being insufficient, or that too much of the money was required to go toward payroll. Critics say that means the average SMB owner will need a lawyer, an accountant or an advanced math degree to figure out what portion of a loan to submit for forgiveness.

payroll 52

payroll New York Florida Hospitality 52

xendoo

AUGUST 9, 2023

Business bank accounts have different terms and benefits than personal accounts. As an online accounting service , Xendoo works with many companies and business banking services. You can share view-only access to your bank statements with bookkeepers, accountants, and other trusted financial partners.

accounting and finance 52

accounting and finance bookkeeping Non-Profits quickbooks 52

CPA Practice

JANUARY 16, 2023

If you’re entering the new year with increased debt and decreased savings, chances are you have goals of paying off credit cards and building up your bank account. Find a savings account with the best rate. A savings account provides easy access to cash when you need it, making it a good place for an emergency fund.

accounting and finance 59

accounting and finance Florida Start-ups Account 59

PYMNTS

AUGUST 12, 2019

The scheme apparently unfolded the way many BEC scams do — with a fraudster posing as a legitimate vendor, and where payments had been wired into scammers’ bank accounts. percent of an enterprise’s non-payroll business spend is accounts-payable based and 3.7 The maneuver is also known as “cookie jar” accounting.

Sports 59

Sports Real Estate accounts payable audit 59

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

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