ThomsonReuters

JANUARY 30, 2023

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. Currently, Mississippi does not have any minimum wage or overtime provisions.

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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.

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PYMNTS

FEBRUARY 22, 2019

In the quest for ill-gotten gains, fraudsters have a myriad of ways to try to scam unwitting victims, intercepting funds or having them sent to their own accounts. Internal Revenue Service (IRS) said that ahead of tax season, preparers and other victims received requests to change direct deposit activity. In December, the U.S.

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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. It’s common for companies to choose an effective date of January 1 to simplify selecting a calendar year for taxes and relieve businesses of paying state franchise taxes for the prior year.

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ThomsonReuters

FEBRUARY 7, 2022

The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. Mississippi. The proposed Mississippi Paid Family Leave Act ( L. The post Federal Paid FMLA May Be Out While States Consider Possibilities appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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Snyder

DECEMBER 6, 2022

It included a money aid, or PPP loan, for small businesses to cover payroll expenses when no revenue hits the balance. Another problem with the Paycheck Protection Program was unclear IRS policies on tax deductions. For many SMB owners, this would lead to adverse tax consequences. Where is the problem?

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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.

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