Nancy McClelland, LLC

DECEMBER 28, 2022

As anyone who’s worked with me — clients, team members, colleagues, vendors — knows, I adore Gusto Payroll. They truly changed my life for the better (not to mention the lives of thousands of small business owners) when they decided to create a tech-forward payroll company that seamlessly syncs with QuickBooks Online.

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Shay CPA

JANUARY 17, 2024

The beginning of a new calendar year means every business owner needs to put some thought into tax filings. They can make you aware of any deadlines you need to know about based on your specific business and where and how it operates. If so, you need to make sure that gets reported on their W-2 by putting Code V in Box 12.

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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.”

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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

APRIL 18, 2024

Challenges presented by the hybrid worker for human resources and payroll With over 30 years of experience in state and local tax laws, Lynn A. Unfortunately, management failed to inform HR and payroll. Most importantly, Gandhi stressed that employees involved in payroll tax must be kept in the loop.

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LyfeAccounting

NOVEMBER 17, 2020

?. Who knew that Uncle Sam came in so many forms? To start, I didn’t know what forms I needed to fill-out. 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.

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Shay CPA

FEBRUARY 15, 2023

Even as you vision-cast for the year ahead, you need to wrap up the year behind you. When you get organized in advance, you save yourself from needing to race the clock. You need to do your part, too, so make sure you’ve properly recorded any business expenses you made with your personal account. Amazon, Staples) Payroll (e.g.,

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ThomsonReuters

FEBRUARY 28, 2022

Highlight: The IRS Form 941 is one of the most important payroll-related tax returns used by businesses to report employment taxes, including federal income tax withholding, Social Security tax, Medicare tax, and Additional Medicare tax. What is the IRS Form 941? When do businesses need to file Form 941?

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LyfeAccounting

JANUARY 25, 2021

And it could be extremely stressful if you don’t know what you’re doing. 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. Determining how much to pay your employees.

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LyfeAccounting

MARCH 5, 2021

The first thing you need to understand about entity taxation is pass-through taxation. On the tax side, the forms you file are different based on if you’re a single-member LLC or multi-member LLC. This would allow you to tap into the tax benefits of an S-Corporation, without having to form a corporation. Pass-through Taxation.

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ThomsonReuters

FEBRUARY 22, 2021

The first recorded use of the word “payroll” appeared around 1740 A.D. Over time, payroll has become much more than just paying wages to employees. Benefits and pensions are payroll-related and some human-resource-related duties also involve payroll. Payroll in a Pandemic.

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ThomsonReuters

FEBRUARY 12, 2021

Hello payroll professionals and welcome to the first edition of Last Week in PAYROLL. The Democrats’ budget resolution had many amendments introduced to it in the Senate on February 5, 2021, including a topic that has been on the minds of many payroll professionals during the COVID-19 pandemic – teleworking.

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ThomsonReuters

MARCH 1, 2021

This makes a business’s payroll department very important since it is typically an employer’s greatest expense. And arguably the most important (and challenging) time to be a payroll professional, is during the period known as “year-end.” This can make March an interesting month for payroll professionals. Federal News.

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