ThomsonReuters

JUNE 22, 2021

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Fremont For small employers (25 or fewer employees), the minimum wage rate increases to $15.00 per hour for small employers, $9.00 per hour. .

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LyfeAccounting

DECEMBER 7, 2020

?. Today, we’re going to be deep-diving into US payroll taxes. And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. My promise to you is that any question you have about payroll taxes will be answered and the high-level details you need to know about payroll taxes will be shared.

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ThomsonReuters

FEBRUARY 6, 2024

It means that a taxpayer who makes a high income will pay a disproportionate share of the tax burden, while a taxpayer who makes a lower income will face a relatively small tax burden. This is a tax imposed on the salaries, wages, investments, or other forms of income that a person or household earns. What is a tax provision?

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ThomsonReuters

SEPTEMBER 8, 2023

Jump to: What are the main types of business ownership? Choosing the right business structure for entrepreneurs Business owners can structure their companies in several different ways , depending on the size of the business, its growth potential, how the business is managed, how the owners want to be taxed, and many other variables.

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LyfeAccounting

JANUARY 20, 2021

But, I’ve noticed something; there’s still a ton of questions and confusion surrounding the new Paycheck Protection Program. Does my business type qualify? All we saw were headlines like “PPP loan plan a mess so far for small businesses”, or. The following business types are also eligible: Sole proprietors.

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ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. There’s also outsourcing.

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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. A plan designed for small businesses with fewer than 100 employees.

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LyfeAccounting

NOVEMBER 2, 2020

In other words, we’re going to debate a 1099 vs W2 and which one may be best for your business. Which is if you’re at this point, it likely means that your business is growing which is not an easy feat to accomplish. And as we know, business is tough, so you want to be able to pay competitively and get good talent.

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ThomsonReuters

JUNE 14, 2021

Department of Labor (DOL) issued Unemployment Insurance Program Letter (UIPL) 20-04 to state workforce agencies regarding the localization of work provisions. Draft instructions of Form 941 and schedules. The H-2B temporary non-agricultural worker program is designed to serve U.S. Localization of Work. In May of 2004, the U.S.

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ThomsonReuters

MARCH 8, 2021

But challenges – big and small – are part of life. Perkins chose to challenge and made changes in many ways for women but also for the payroll professional. Minimum wage and overtime laws, unemployment and Social Security are but some of her contributions that almost every payroll professional is familiar with. Federal News.

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ThomsonReuters

FEBRUARY 8, 2024

Managing an LLC As a business structure, the primary purpose of an LLC is to protect the owners’ personal assets from debt collection and lawsuits aimed at the LLC. However, LLCs also enjoy certain tax advantages that make them popular, especially for small business owners. How can an LLC reduce its taxes? How are LLCs taxed?

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LyfeAccounting

JANUARY 25, 2021

?. Paying employees in any business is a difficult task. I’ve been through it all, from trying to figure out how to do payroll for my very first employee, to figuring out how much I should pay my employees. I’ve paid thousands of dollars in payroll tax penalties. Small Business Mistakes We Made.

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LyfeAccounting

MARCH 5, 2021

?. Which business entity is going to save you the most money on your taxes? Today, we are going to help you select the best entity for your business. Your tax entity is the entity that you elect to file as with the IRS. This means that all income your business receives passes through to you personally. tax on your income.

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LyfeAccounting

MAY 18, 2021

Or why they think they can get away with lying about businesses and employees when there are so many ways to easily invalidate their loans such as: payroll taxes and. previously filed business returns. According to the criminal complaint, he also identified himself as the owner of a business called Cars Direct.

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