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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. By Nellie Akalp.

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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. In addition, incorporating, of course, establishes their legal separation from the business’s liabilities sooner, which protects their personal finances from the business’s debts.

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What employers should know about voluntary unemployment contributions for rate reductions

ThomsonReuters

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.