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Errors in Posting Payroll

SMBAccountant

This is incorrect and causes labor to be understated and taxes to be overstated. This can include deductions for Social Security, Medicare, federal and state income taxes, health insurance, 401k, child support, expense reimbursements, and many others. This is the total labor expense to the company.

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Fraud Detection and Prevention: Fraud Through Employee Reimbursements

Withum

In past years, the annual audit was performed by a CPA who was an income tax practitioner. When selecting the new firm, ACME CPAs, management chose a firm and practitioners who specialized in financial audits with an emphasis in labor union/not-for-profit organizations. The Takeaway.

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Last Week in Payroll: Localization of Work

ThomsonReuters

and will address the following: the workers who are considered election workers; the amount workers can earn without taxes being withheld; the difference between reportable and taxable wages; and training and expense reimbursements. The Iowa legislature passed a significant tax bill modifying the state’s income tax laws.

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