article thumbnail

Arkansas Storm Victims Get Tax Deadline Extension to July 31

CPA Practice

Individuals and households that reside or have a business in Cross, Lonoke and Pulaski counties in Arkansas now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced.

article thumbnail

Arkansas Inflation Relief Drops Top State Individual Income Tax Rate to 4.9%, Lowest in State History 

Patriot Software

Arkansas residents, this one’s for you. And as an employer, you need to know how these changes impact your payroll withholding. Read on about this recent Arkansas inflation relief. What is the […] READ MORE.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

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. Hawaii is also looking to require supplemental paid sick leave for public health emergencies.

payroll 105
article thumbnail

Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

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. Contact Anders The post Employer Payroll Tax Obligations When Employees Work Out-Of-State appeared first on Anders CPA.

article thumbnail

Half of U.S. States Near Record Low Unemployment Rates

CPA Practice

Arkansas, Mississippi, Oklahoma, Pennsylvania, Ohio, Massachusetts and Maryland also posted fresh record-low readings. In a dozen states and DC, the number of people on payrolls remains below pre-pandemic levels. The unemployment rates in 25 states are currently at or within 0.1 For instance, Minnesota’s unemployment rate is up 0.5

article thumbnail

Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

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
article thumbnail

The Benefits of Delayed Business Filings

CPA Practice

Some states don’t allow forward dating incorporation dates, including: Alaska Arkansas Connecticut Hawaii Idaho Louisiana Maryland Minnesota Nevada Delayed filings also help businesses overcome end-of-year backlogs in Secretary of State offices that often lead to standard filings not being cleared by the end of the year.