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

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

ThomsonReuters

FEBRUARY 7, 2022

The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. 2022, H2222/S729 would establish the Missouri Earned FMLA program that would provide up to six weeks of PFML. 2022, H447 ). . Proposed legislation ( L. 2022, H5029 ) seeks to establish a PFMLI program.

Missouri 98

Missouri Rhode Island Nebraska Mississippi 98

ThomsonReuters

MAY 3, 2023

In the payroll industry, such arrangements are generally referred to as earned wage access or EWA. ” The report, titled “ Understanding Earned Wage Access and Payroll ,” explains that “employers are also interested in whether employee benefits will help them attract and retain talent.” 3102 , Code Sec.

Construction 59

Construction tax services Tax payroll 59

ThomsonReuters

FEBRUARY 10, 2022

Department of Labor explains that unemployment insurance is a federal-state program financed through federal and state employer payroll taxes. In benefit-ration states, an employer pays voluntary contributions to cancel benefit charges to its account, thereby reducing its benefit ratio. Virgin Islands.

South Dakota 52

South Dakota Wisconsin North Carolina Nebraska 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

ThomsonReuters

FEBRUARY 7, 2022

It is crucial that payroll professionals familiarize themselves with minimum wage rates for garnishment calculations in 2022. . For further information on creditor garnishment, visit the Quick Reference Chart on Checkpoint Edge at Payroll Guide ¶17,080 (Highlights of state rules for creditor garnishment). . July 1, 2022, $15.00

Rhode Island 92

Rhode Island South Dakota Connecticut Agriculture 92

PYMNTS

JULY 6, 2020

115,000 worth of fraudulent payments were reportedly made by former leaders of a small town in Missouri , the New York Times recently reported. The individual, who pleaded guilty to one count of wire fraud, was accused of abusing his position as an accounts payable clerk within the company’s accounting department.

accounts payable 59

accounts payable Missouri payroll Real Estate 59

Anders CPA

DECEMBER 8, 2022

Donor-advised funds allow charitable contributions, while still allowing the donor advisory privileges regarding the distribution of funds and the investment of assets within the account. Plans with beneficiaries enrolled in an elementary or secondary school are limited to an aggregate of $10,000 in Missouri.

tax planning 52

tax planning Tax Missouri Education 52

ThomsonReuters

JUNE 14, 2021

The IRS has posted a June 2021 draft version of the Form 941 , Employer’s Quarterly Federal Tax Return, instructions that take into account the amended and expanded coronavirus (COVID-19) pandemic tax credits and the new COBRA premium assistance credit from the American Rescue Plan Act (ARPA). Draft instructions of Form 941 and schedules.

payroll 98

payroll Missouri Virginia Delaware 98

ThomsonReuters

JUNE 21, 2021

The Missouri Department of Revenue (DOR) has adopted a regulation,? an employer having a primary work location in a state other than Missouri with employees working from temporary work locations in Missouri. Unemployment accounts not chargeable for unemployment benefits. . effective July 15, 2021, ?that Learn more.

payroll 52

payroll Tax Missouri Massachusetts 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

inDinero Tax Tips

APRIL 20, 2021

Currently, Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma have a franchise tax. You don’t need a bank account in Delaware or Nevada to incorporate in those states. intellectual property, stocks, bonds, and bank accounts) assets in Wyoming. The Delaware franchise tax.

Delaware 64

Delaware Wyoming Nevada Oregon 64

ThomsonReuters

FEBRUARY 12, 2021

Hello payroll professionals and welcome to the first edition of Last Week in PAYROLL. The Democrats’ budget resolution had many amendments introduced to it in the Senate on February 5, 2021, including a topic that has been on the minds of many payroll professionals during the COVID-19 pandemic – teleworking.

payroll 95

payroll income tax California Hawaii 95