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The Certified Payroll Professional Corner: Involuntary Deductions

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However, this will be on the CPP exam, so best to understand the formula and practice. Consumer Credit Protection Act. Payments from an employment-based disability plan are also earnings. Start your Checkpoint Edge trial today for access to expert guidance and sources. Interested in payroll topics?

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Child Tax Credit Portal Update & New Non-Filer Sign Up Tool (2021)

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So, in one of our previous posts, we were getting a lot of questions if you can get the child tax credit if you don’t file taxes. Keep reading to learn more about the child tax credit portal update! These people can now use the online tool to register for monthly child tax credit payments. Child Tax Credit Portal Update.

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Property tax 101

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Accountants who help clients effectively manage property taxes can further strengthen their role as a trusted advisor. In fact, property taxes account for more than 30 percent of total state and local collections, and more than 70 percent of total local tax collections. And some states impose a statewide limit on the maximum rate.

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Nonresident alien tax 101

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Helping business owners navigate the complexities is an ideal opportunity for tax and accounting professionals to strengthen their role as a trusted advisor. Understanding and filing the correct status is important as each category comes with significantly different tax consequences. . These credits include: . sourced income.

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