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Errors in Posting Payroll

SMBAccountant

Almost every business has some sort of payroll to pay their employees. Payroll can become much more complicated than some assume and it often has a substantial impact on financial results. The largest expense for many businesses is their labor expense, yet it’s often the most misunderstood.

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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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