DuctTapeMarketing

JULY 24, 2018

Become a Consultant. Tips for Outsourcing Your Payroll. Tips for Outsourcing Your Payroll. For small business owners, managing payroll can be a costly endeavor. If you’re beginning to feel out of your depth with internal payroll management, it may be time to consider outsourcing the process. John Jantsch Speaking.

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ThomsonReuters

APRIL 18, 2024

While the remote work arrangement has decreased since the end of the COVID-19 pandemic, employers are showing a preference for the hybrid arrangement. Rather than require a full return-to-office schedule, employers are offering employees a hybrid arrangement. This may pose significant issues.

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ThomsonReuters

MARCH 10, 2021

Provides that paid sick and paid family leave credits may each be increased by the employer’s share of Social Security tax (6.2%) and employer’s share of Medicare tax (1.45%) on qualified leave wages. “Applicable employment taxes” are defined as the employer’s share of Medicare or Tier 1 RRTA tax. .

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ThomsonReuters

MARCH 5, 2024

Among these were several payroll-related provisions that are set to expire at the end of 2025, presenting challenges and opportunities for employers and employees alike. Possibility of retroactive changes He also believes that “from a payroll perspective…whatever changes come, they’re going to come late.”

Tax 98

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LyfeAccounting

NOVEMBER 17, 2020

I missed payroll tax filing deadlines that cost me thousands of dollars. Like, literally, I paid my payroll taxes one-day late by accident, the IRS sent me a penalty for over $1,000. In this post, I’m going to fully explain the difference between payroll taxes and income taxes. Now, let’s talk about payroll taxes.

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Xero

MAY 1, 2023

The complexity of payroll obligations makes this even more of a burden. To ease the burden on employers, we’ve introduced an online workforce solution: Planday. This is part of our suite of employee management tools available in Australia, helping employers and employees connect in real time.

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ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI).

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ThomsonReuters

AUGUST 22, 2023

Global workforce strategy “The biggest thing in hiring and trying to attract the talent of a global workforce is ensuring you have an equitable strategy,” said Mariah Hantis, Director of Total Rewards at Deel, a payroll and compliance provider based in San Francisco, California. . Many considerations when going global.

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ThomsonReuters

JULY 19, 2022

A new national research study that analyzed the impact of same-day pay showed that, among other things, over 60% of working Americans think that all employers should offer their employees immediate access to their daily earned wages. For example, in New Hampshire, employers must pay employees wages on a weekly or bi-weekly schedule.

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ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI).

payroll 40

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ThomsonReuters

MARCH 6, 2024

Understanding the ERC It is no secret that the Employee Retention Credit has been challenging for employers who struggle to understand complex eligibility requirements and the process to claim the tax credit, and for the IRS who continues to process a large volume of claims, many of which are dubious, despite the expiration of the credit.

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Inform Accounting

MARCH 15, 2023

In short, a P11D form allows you to inform HMRC of any benefits you’ve given to employees outside of payroll, so that the correct tax can be paid by your employees. In this blog we take a deeper dive into P11Ds, when they might arise, and what you need to do as a result. Why do you have a P11D?

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ThomsonReuters

MARCH 11, 2021

Congress has passed, and the President is expected to sign, the American Rescue Plan Act of 2021 (ARPA), creating a 100% COBRA premium subsidy and additional COBRA enrollment rights for certain employees (and their families) who have lost group health plan coverage due to an involuntary termination of employment or reduction of hours.

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CPA Practice

APRIL 11, 2023

the financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, recently launched the Intuit QuickBooks Small Business Index , a new monthly indicator of employment and hiring among small businesses in the U.S., Small and young businesses are essential for employment and productivity growth. Intuit Inc.,

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ThomsonReuters

MAY 3, 2023

Earned wage access According to the Treasury, employers and third-party payors increasingly allow employees to receive payment of earned wages before their regularly scheduled pay dates. In the payroll industry, such arrangements are generally referred to as earned wage access or EWA.

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ThomsonReuters

FEBRUARY 6, 2024

The more common types of direct tax are: Individual income tax Corporate income tax Capital gains tax Estate tax Property tax Payroll tax Individual income tax One type of direct tax is individual income tax, which is also known as personal income tax. While some have to calculate their income tax provision , some U.S.

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Xero

APRIL 16, 2023

With FY24 officially upon us, now is the perfect time for small business owners to take stock, and look at what tools you can leverage to become more efficient and effective in the new year. Beside our own Xero Payroll , there are plenty of industry specific apps. All so you can spend more time doing what matters most.

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ThomsonReuters

APRIL 9, 2021

Through ARRA, employees could continue health coverage by paying 35% of the premiums rather than the usual 100% with employers paying the remaining 65%. Employers were reimbursed with a payroll tax credit or a refund if the cost exceeded their tax liability. The credit will be against the employer’s share of Medicare tax.

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ThomsonReuters

JANUARY 28, 2022

Small businesses often have very limited staff, which means the owner or one of the employees is in charge of payroll. That can be a challenge for a business owner who has little or no experience in accounting and payroll. Filing quarterly employment taxes. Avoid cash flow fluctuations. Bookkeeping. Insurance sales.

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CPA Practice

APRIL 19, 2023

the financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, recently launched the Intuit QuickBooks Small Business Index , a new monthly indicator of employment and hiring among small businesses in the U.S., Small and young businesses are essential for employment and productivity growth. Intuit Inc.,

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Xero

JULY 20, 2022

I opened the event outlining our vision and the steps we are taking to become the most trusted and insightful small business platform. Today we also released our Changing world of work report , tackling workforce challenges and how technology can empower employers to navigate them. Get going with Xero Go.

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ThomsonReuters

JULY 6, 2023

Data integration: Tax provision calculations require data from multiple sources , such as financial systems, general ledgers, payroll systems, and tax forms. appeared first on Tax & Accounting Blog Posts by Thomson Reuters. However, corporate tax teams find it difficult to automate this process. What are APIs and how do they work?

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Xero

AUGUST 17, 2022

This guest blog post is written by Jaclyn Anku who runs Community & Education for the HR and payroll platform Gusto. Many go back to their former employer. Want to become the employer who gets chosen over others? Before joining Gusto, Jacklyn led business education for accountants and bookkeepers at Xero.

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ThomsonReuters

APRIL 25, 2024

If your client receives retirement benefits in the form of pension or annuity payments from a qualified employer retirement plan, all or some portion of the amounts they receive may be taxable unless the payment is a qualified distribution from a designated Roth account. Employer-sponsored retirement plans. Delay Social Security.

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ThomsonReuters

AUGUST 18, 2023

A legal expert in multiple practice areas that includes wage and hour litigation recently talked with Checkpoint Payroll Update regarding the legal battles and pending federal legislation surrounding student-athletes and whether they may be classified as employees under the Fair Labor Standards Act (FLSA) in the future.

Legal 52

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ThomsonReuters

NOVEMBER 4, 2021

An employee attempting to enroll in his employer’s ERISA-covered supplemental life insurance plan was informed that his elected coverage was “suspended” pending approval of required evidence of insurability. In addition, the plan clearly stated that representations made by the employer were not the insurer’s representations.

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ThomsonReuters

MAY 6, 2022

Technology has become an indispensable part of modern business by automating mundane tasks, increasing efficiency, and reducing costs. However, automation with software is becoming increasingly effective at reducing our daily workload and freeing up our time. How would you spend that time?”

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Inform Accounting

SEPTEMBER 23, 2022

In his first address to the House of Commons since becoming Chancellor of the Exchequer, Kwasi Kwarteng today made a number of announcements in his ‘mini budget’ to address the current financial struggles facing the UK. In this blog, we take a look at the key highlights from his speech. IR35 and Off-payroll working.

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ThomsonReuters

JANUARY 24, 2022

Supreme Court settled the issue of the COVID-19 vaccine mandate for certain employers under the Occupational Safety and Health Administration’s (OSHA) Emergency Temporary Standard (ETS) on January 13, 2022, by blocking its implementation. Legislation ( L. Legislation passed on October 13, 2021 ( L.

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Cheap Accounting

AUGUST 31, 2023

Entering the world of self employment and being your own boss is extremely exciting. The one downside is dealing with the bureaucracy and regulation that running a business brings. Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. Here’s a few tips to get you started.

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Mark Lee

MARCH 14, 2023

There are plenty of sole practitioners and smaller partnerships around who are hesitant about taking on even one employee, committing to paying an annual salary, starting to run their own payroll and becoming subject to employment laws. These go way beyond recruiting staff into full, or even part-time, employment roles.

bookkeeping 52

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ThomsonReuters

APRIL 18, 2023

The question then becomes: how? To assist today’s firms, this article will provide an overview of some of the top accounting issues firms face and the solutions that can help them tip the scale in their favor. Payroll errors For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader.

Account 52

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Ryan Lazanis

SEPTEMBER 1, 2023

Below are some of the best cloud accounting software for small businesses. 1) QuickBooks Online A true juggernaut in the small business accounting software space, QuickBooks Online is widely known across firms and self-employed business owners alike as one of the best accounting software products. 3) Wave Accounting Can you beat free?

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ThomsonReuters

DECEMBER 5, 2023

As the end of the calendar year approaches, businesses embark on the crucial task of finalizing their payroll processes. According to the U.S. Bureau of Labor and Statistics (BLS), about 15% of individuals worked full workdays at home before early 2020. That percentage increased sharply to nearly 40% during the height of the health emergency.

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Xero

JULY 21, 2022

It will fundamentally change the UK tax landscape, but will ensure small businesses have the tools they need to become more efficient and succeed in the years ahead. The Changing world of work report — which examined the attitudes and behaviours of small business employers and their employees in the UK — was also launched at Xerocon London.

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LyfeAccounting

FEBRUARY 4, 2021

This is like a grant and if you don’t complete the application in time then you will likely regret it if it becomes a loan. And you can choose which period to use and match it up with your payroll which is called the alternative covered period. Now technically you still have plenty of time. The answer is yes.

payroll 52

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Ryan Lazanis

SEPTEMBER 19, 2023

Instead, present your services in structured packages, like this: You can check out this blog post on 3-tiered pricing if you want to know more about the reasons why I recommend this approach. 1) Focus on the Client Your website is a marketing tool that will communicate how you will improve the lives of your clients.

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