Remove blog small-business-payroll-audit
article thumbnail

Navigating Tax Compliance Challenges in the Trucking Industry: How Our Tax Firm Can Guide You

MyIRSRelief

In this blog post, we will explore the common tax compliance challenges faced by trucking companies and highlight how our specialized tax firm can offer tailored solutions to help them overcome these hurdles. However, managing payroll taxes for these two distinct driver categories can be a daunting task for trucking companies.

article thumbnail

Using Your R&D Tax Credit Against Payroll Taxes

Shay CPA

For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities. It’s a key component in keeping things running, of course.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tips for Outsourcing Your Payroll

DuctTapeMarketing

 Services Online Audit. Consulting Business. Small Business Finances. Tips for Outsourcing Your Payroll. Tips for Outsourcing Your Payroll. For small business owners, managing payroll can be a costly endeavor. For small business owners, managing payroll can be a costly endeavor.

payroll 142
article thumbnail

Using Your R&D Tax Credit Against Payroll Taxes

Shay CPA

For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities. It’s a key component in keeping things running, of course.

article thumbnail

Top 20 Searches of 2021 on Payroll on Checkpoint

ThomsonReuters

The top payroll related searches for 2021. Payroll practitioners and employers alike continue to be challenged by the unique issues that COVID-19 has imposed on payroll administration. Payroll on Checkpoint has analyzed the searches of our subscribers to create this Top 20 list of topics in the forefront in 2021.

payroll 94
article thumbnail

Advising clients to file Form 941-X for missed COVID-19 relief credits.

ThomsonReuters

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

article thumbnail

4 financial consulting services accounting firms should quickly add

ThomsonReuters

For small to mid-size accounting firms that want to explore other revenue streams, accounting consulting services can be a great place to start. Why it’s crucial for small to mid-size accounting firms to offer other services. All businesses need accurate record-keeping to claim expenses and calculate tax accurately.