Xero

AUGUST 24, 2022

It was the perfect location to reconnect with our valued accounting and bookkeeping partners, and share some exciting plans for new tools and features designed to make inventory management, bank reconciliation and tax management simpler and more seamless. Helping you navigate sales tax in the US.

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Xero

JULY 28, 2022

Preparing the UK for ‘Making Tax Digital’ in 2024. The UK Government’s Making Tax Digital (MTD) for ITSA will impact up to 4.2 eCommerce is driving many businesses towards new tools like A2X and Link My Books to streamline their sales, stay on top of cash flow and better serve their customers.

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ThomsonReuters

JULY 7, 2021

Federal Employment Taxes. The United States first imposed a federal income tax briefly during the American Civil War and also in the 1890s. Constitution in 1913 that permanently legalized a federal income tax. Next, in 1939, the Federal Unemployment Tax Act (FUTA) was passed, which resulted in an employer tax (typically, 0.6%

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ThomsonReuters

JANUARY 30, 2023

Table of contents: Minimum wage Paid leave Tax credits Unemployment Earned wage access Pay transparency Tipped workers Worker classification State-run retirement plans Work scheduling 1. per hour to $13 per hour, beginning September 1, 2023, and to $15 per hour, effective July 1, 2024. per hour, adjusted annually. New Hampshire.

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ThomsonReuters

JULY 13, 2021

Generally, the payer does not withhold taxes from these types of payments, as it is assumed that the payee will report and pay taxes on this income when the federal income tax return is filed. Beginning in tax year 2020, the IRS issued a new Form 1099-NEC for business taxpayers who receive nonemployee.

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ThomsonReuters

JUNE 14, 2021

The purpose of the UIPL was to update examples of employment situations requiring uniform interpretation of localization of work provisions in state laws and to revise and reissue the interpretation of “ localization of work ” provisions. During the coronavirus (COVID-19) pandemic, many employees began working remotely.

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ThomsonReuters

JUNE 28, 2021

The IRS has issued the much anticipated revised Form 941 , Employer’s Quarterly Federal Tax Return, and its instructions for used beginning with the second quarter of 2021. Generally, if a tax filing or payment deadline falls on a weekend or legal holiday, the due date is the next business day. This includes withholding taxes.

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