Basis 365

FEBRUARY 16, 2024

Forget "Near Me": Why the Best Outsourced Accountants Can Be Anywhere In the age of Zoom meetings and instant messaging, the phrase "outsourced accountants near me" has become irrelevant. The truth is, location is a limiting factor when choosing an accounting or bookkeeping partner. Gone are those days!

bookkeeping 59

bookkeeping Account accountant accounted 59

ThomsonReuters

JULY 7, 2021

In general, the federal income tax, Social Security tax, FUTA tax, Medicare tax, and Additional Medicare tax are considered employment or payroll taxes. These two federal laws contained payroll-related provisions aimed at helping employers and employees during the pandemic. Payroll tax relief. Worksheet 5. Federal News.

payroll 59

payroll Tax income tax payroll tax 59

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!

Account 98

Account accountant accounted bookkeeping 98

CPA Practice

MAY 1, 2023

TNS) If your small business doesn’t offer a retirement account to your employees, now may be a good time to change that. California, Oregon, Illinois, Colorado, and other states require businesses to either start their own retirement plan or enroll their employees in the state automated program called auto-IRAs. By Brit Morse, Inc.

Oregon 134

Oregon Nebraska Colorado Illinois 134

CPA Practice

OCTOBER 24, 2023

With the increasing adoption of cloud-based business systems, these small business owners have increasingly turned to outsourced CFO, tax, payroll, and bookkeeping services, giving them real-time guidance and daily operational support from these financial and business experts. In the U.S.,

Sales 111

Sales Tax bookkeeping services bookkeeping 111

SingleTrackAccounting

JULY 7, 2020

You could spend several hours, perhaps days navigating PPP loans, running payroll, and filing taxes even if you were organized. Let’s run through some clarity points on how hiring an accountant will save you time and money. . Payroll Mistakes. You could be doing anything else. . Unclaimed Business Deductions. Audit Anxiety.

Account 52

Account accountant accounted payroll 52

PYMNTS

JANUARY 13, 2020

The risk can also lead to fraudsters spoofing the email addresses of C-Suite executives to initiate payments to a fraudster’s account. Approximately $185,000 worth of payroll fraud hit a Minnesota company, with local reports noting that a bookkeeper allegedly manipulated payroll data to overpay her salary.

B2B 89

B2B Kentucky Colorado Minnesota 89

Going Concern

SEPTEMBER 15, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Happy National Leave Your Accountant the F**k Alone Day , everyone! The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m.

audit 111

audit Colorado CPA Texas 111

Going Concern

SEPTEMBER 1, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Check out this week’s top remote accounting candidates. Check out this week’s top remote accounting candidates. P.S. We’re off for Labor Day, hope you are too.

Account 111

Account accountant accounted audit 111

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

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

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). . per hour. . per hour .

Rhode Island 92

Rhode Island South Dakota Connecticut Agriculture 92

PYMNTS

SEPTEMBER 25, 2019

The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio, all members of the House Financial Services Committee. Cannabis-related businesses are locked out of the banking system, and cannot maintain checking accounts, process payroll obligations or pay taxes.

Ohio 94

Ohio Colorado Legal Washington 94

ThomsonReuters

JANUARY 2, 2024

Checkpoint Payroll discussed these possibilities with Carrie Hoffman, Chair of Foley & Lardner’s Labor and Employment Practice, who shared her thoughts on the various components that PFML legislation may tackle. While no details have been released so far, topics examined by the working group provide some insight.

Legal 52

Legal New Hampshire Colorado New Jersey 52

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

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

MAY 17, 2023

Schneider Downs Expands Strategic and Transaction Advisory Schneider Downs, one of the 60 largest certified public accounting and business advisory firms in the United States, recently added a team of five strategic and transaction advisory consultants to the firm’s Consulting and Business Advisory practice. He also earned a J.D.

South Carolina 52

South Carolina North Carolina Colorado audit 52

SingleTrackAccounting

OCTOBER 6, 2020

Yes, you will need to pay social security & medicare taxes on your W-2 income, but by running some of your profits through Owner payroll, the entire remainder of your net income is saved from paying ANY self employment tax. Even better, the business can write off your salary and it’s portion of your payroll taxes. 1- Owner W-2.

Tax 98

Tax bookkeeping corporation tax Colorado 98

ThomsonReuters

FEBRUARY 7, 2022

Colorado and Oregon will begin collecting assessments for their programs in 2023. . The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. The post Federal Paid FMLA May Be Out While States Consider Possibilities appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Missouri 98

Missouri Rhode Island Nebraska Mississippi 98

PYMNTS

OCTOBER 17, 2018

Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services.

Colorado 50

Colorado Massachusetts Legal Manufacturing 50

PYMNTS

MAY 30, 2019

Integrating such solutions can be complex, though, and employers and payment solutions providers must carefully determine how to make earnings available while still accounting for deductions such as taxes and garnishments. . Approximately 25 out of 350 employees used the offering during a recent payroll period, she noted. .

payroll 40

payroll Colorado Tax Account 40

CPA Practice

FEBRUARY 23, 2023

With many more states looking to build on what Colorado started in 2021, soon employers that do not proactively disclose wage ranges in job postings will be a small minority.” The survey was conducted in December 2022 by Salary.com.

Colorado 52

Colorado Washington New York California 52

SingleTrackAccounting

FEBRUARY 11, 2020

For the sake of your bank account, read on. . First, if your accountant never explained Self Employment Tax to you, you have a problem with your accountant. We recommend that you elect s-corp status at the point that your tax savings more than covers the increase in accounting costs (i.e. the cost of adding payroll).

Tax 75

Tax income tax Colorado payroll 75

SingleTrackAccounting

FEBRUARY 7, 2020

There are other healthcare related expenses you can deduct such as HSA (Health Savings Accounts). HSAs are contributions you and your employees make to an account. Setting up a qualified IRA account is not only reduces your taxable income (and thus your tax bill) and allows you to keep that money in your pocket for retirement.

Tax 75

Tax income tax tax return Colorado 75

PYMNTS

APRIL 27, 2016

Now legal in 23 states, with recreational use also legal in Alaska, Colorado, Oregon and Washington, marijuana is very much still a cash-based business. In Colorado alone, pot is expected to pour an estimated $120 million in tax revenue into state coffers this year. Meeting that obligation, however, requires a bank account.

Colorado 41

Colorado payroll tax Alaska Oregon 41

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. The Colorado Department of Labor & Employment did not respond to our request. The answer, as you might expect, is complicated. .

Rhode Island 119

Rhode Island West Virginia South Dakota Maryland 119

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

APRIL 26, 2022

Colorado Office of Just Transition. Where California works toward a formal state office on the issue, Colorado already has an? Checkpoint Edge will continue to report on the latest payroll developments as legislation progresses. . It’s clear that California does not feel its work is done in this area. .

payroll 95

payroll Vermont Rhode Island Hawaii 95

ThomsonReuters

JUNE 21, 2021

Colorado legislation will remove the exemption from agricultural workers from the state and local minimum wage and overtime pay requirements and would require that wages be adjusted annually for cost of living. COVID-19 related claims filed between March 14, 2021, through July 3, 2021, will not be charged against employer accounts. .

payroll 52

payroll Tax Missouri Massachusetts 52

PYMNTS

MAY 29, 2019

The company announced a solution intended to help businesses abandon ACH in favor of using Visa Direct to instantly transmit money into recipients’ bank accounts. That was an important cause for Colorado-based Bellco Credit Union , which decided to offer instant access to earnings to put staff on safer financial footing.

Colorado 55

Colorado Technology payroll B2B 55

ThomsonReuters

AUGUST 2, 2021

Now let’s go over some of the more important payroll stories from the past week. . The Colorado Department of Labor and Employment is sending pandemic-related unemployment claim decisions through early August 2021. Checkpoint: Fast, accurate, and trusted answers for tax and accounting professionals. Federal News .

payroll 52

payroll North Carolina New Hampshire Oregon 52

ThomsonReuters

JUNE 28, 2023

Recently, Checkpoint Payroll Update  had the opportunity to speak with two labor and employment law specialists and subject matter experts. 5th 903 ruling with an ABC test (see Payroll Guide ¶19,045 ) that generally considers all workers employees unless the employer can prove each part of the three-factor test. That said, can A.I.

Legal 98

Legal payroll California audit 98

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.

business tax 94

business tax Tax Montana New Hampshire 94