ThomsonReuters

APRIL 18, 2023

For business owners, payroll is complex and often their greatest expense. For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Payroll errors are certainly a real concern, but with the right tools and resources in place, payroll services can be a growth opportunity for firms.

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ThomsonReuters

JULY 1, 2022

In a previous edition of the Certified Payroll Professional (CPP) Corner, we talked about gross ups. In Payroll Guide ¶4115 , we discuss the IRS’s formula for completing a gross up. Most garnishments are made by court order. Gross ups. However, this will be on the CPP exam, so best to understand the formula and practice.

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ThomsonReuters

JULY 1, 2022

In our last edition of the Certified Payroll Professional ( CPP ) Corner , we talked about the regular rate calculation for overtime purposes. We asked what item must be included in the regular rate of pay for the purposes of figuring the regular rate of pay for overtime purposes? Regular rate of pay for overtime. Previous question.

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ThomsonReuters

APRIL 18, 2023

What are the current issues in accounting? 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. Some of the issues vary by firm — depending on the size of the firm, the resources a firm currently has in place, etc. —

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ThomsonReuters

FEBRUARY 10, 2021

Here’s a rundown of what you need to know about the CAA as you prepare 2020 business and individual tax returns. In addition, the payments are protected from bank garnishment or levy by private creditors or debt collectors. The Consolidated Appropriations Act, 2021 (CAA; PL 116-260), contained numerous tax provisions.

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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.

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