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. Gross ups. However, this will be on the CPP exam, so best to understand the formula and practice. Previous question. 500 ÷ 70.35% = $710.73.

payroll 83

payroll income tax Tax Legal 83

LyfeAccounting

DECEMBER 7, 2020

Today, we’re going to be deep-diving into US payroll taxes. 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. Categories of US Payroll Taxes. Social Security. Types of US Payroll Taxes.

payroll tax 52

payroll tax payroll Tax income tax 52

LyfeAccounting

NOVEMBER 17, 2020

I mean…there’s federal taxes, state taxes, sales taxes, Medicare taxes, social security, unemployment, and so on. With our first business, LYFE Marketing, I remember stressing to figure out what was the best way to pay my taxes. To start, I didn’t know what forms I needed to fill-out. What are Income Taxes?

income tax 52

income tax payroll tax payroll Tax 52

ThomsonReuters

MARCH 22, 2021

On March 22, 1765, the British government passed the Stamp Act. The colonists were none too happy about this new tax since there were three other taxes recently put into play: Sugar Act (1764), Currency Act (1764) and Quartering Act (1765). For payroll, in particular, there are a number of taxes.

payroll 52

payroll Tax Arkansas Texas 52

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 52

payroll Tax Technology payroll tax 52

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? What taxes are reported on Form 941?

income tax 98

income tax tax return payroll Tax 98

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

payroll Tax Technology payroll tax 40

Acterys

JULY 10, 2023

In this blog post, we will explore the concept of AI within the realm of FP&A (Financial Planning and Analysis) and examine the potential benefits it offers in terms of generating valuable financial insights. If the term “AI” catches your eye, it’s highly likely that ChatGPT comes to mind.

Gaming 130

Gaming accounting and finance accounting software Technology 130

Nancy McClelland, LLC

AUGUST 21, 2023

Click the image to watch an excellent 20-minute overview video of the IL Secure Choice Program. That probably means you — and if this sends you into a panic, no fear… we’re going to outline what the requirements are and will offer a couple of suggestions for getting into compliance. What Is Illinois Secure Choice?

Illinois 52

Illinois Non-Profits payroll Start-ups 52

Nancy McClelland, LLC

AUGUST 21, 2023

Click the image to watch an excellent 20-minute overview video of the IL Secure Choice Program. That probably means you — and if this sends you into a panic, no fear… we’re going to outline what the requirements are and will offer a couple of suggestions for getting into compliance. What Is Illinois Secure Choice?

Illinois 52

Illinois Non-Profits payroll Start-ups 52

ThomsonReuters

JULY 19, 2022

Department of Labor’s (DOL) Fair Labor Standards Act (FLSA), which regulates minimum wage, overtime, hours worked, recordkeeping, and child labor, does not dictate when an employee must be paid. A clear benefit for an employee is to gain greater financial security. Pay frequency. However, some U.S. Early/earned wage access.

New Hampshire 98

New Hampshire payroll Construction California 98

Nancy McClelland, LLC

DECEMBER 29, 2022

The Illinois Workplace Transparency Act requires all employers to comply with the sexual harassment prevention training by December 31, 2020, and thereafter must provide annual training to all employees. Chicago businesses should take a moment to review upcoming changes before year-end. per hour for employers with 4 to 20 workers, and $15.40

Illinois 52

Illinois payroll Education CPA 52

ThomsonReuters

APRIL 25, 2024

Delay Social Security. Guide your clients on when to start receiving Social Security benefits. Consider the overall financial picture to determine the optimal time to start receiving Social Security. Consider factors like the timing and amount of withdrawals to minimize tax liability over the long term. Convert to a Roth IRA.

Tax 52

Tax Account accountant accounted 52

ThomsonReuters

FEBRUARY 10, 2022

And through the Social Security Act of 1935 (SSA), the federal government encouraged individual states to adopt unemployment insurance plans. Department of Labor explains that unemployment insurance is a federal-state program financed through federal and state employer payroll taxes. In the U.S., Virgin Islands. Virgin Islands.

South Dakota 52

South Dakota Wisconsin North Carolina Nebraska 52

ThomsonReuters

DECEMBER 20, 2021

Technology acts as the backbone of your firm so make sure to do your research and implement software that powers your entire tax workflow, delivers time-saving tools, and adds value for your clients. . As your business grows, it’s important to stay in control and remember what drives you. . Determine your roadmap.

accounting firms 52

accounting firms Account accountant accounted 52

ThomsonReuters

APRIL 15, 2021

As businesses work to keep pace with new these challenges—and the opportunities they present—they need to think and act differently. Now is the time for leaders to determine how their firm will approach this new reality and what their firm will look like five years from now. Marketplaces are becoming tighter and competition fiercer.

cpa firm 96

cpa firm accounting and finance CPA audit 96

ThomsonReuters

MARCH 1, 2024

What IRS tax forms do S corps file? How a corporate tax software can help filing S corporation taxes Setting up your business as an S corporation (S corp) provides several tax advantages that are not available to owners of C corporations (C corp) or Limited Liability Companies (LLCs). How are S corporations taxed? When are S corps taxes due?

corporation tax 52

corporation tax Tax tax return income tax 52

ThomsonReuters

JANUARY 2, 2024

Checkpoint Payroll discussed these possibilities with Carrie Hoffman, Chair of Foley & Lardner’s Labor and Employment Practice, who shared her thoughts on the various components that PFML legislation may tackle. Requests for responses are due January 31, 2024.

Legal 52

Legal New Hampshire Colorado New Jersey 52

ThomsonReuters

NOVEMBER 8, 2022

The right accounting technology can act as the backbone of your accounting firm. From increasing accuracy to optimizing tax workflow to freeing up time for more value-added activities, technology has transformed the accounting industry—for the better. Accounting firm technology trends. Automation. and creating efficiencies that?free?up?accountants

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

APRIL 18, 2023

This has given rise to new growth opportunities for firms, but that’s not to say that accounting issues don’t remain in their daily workflows. Firms are being asked to do more than ever before, which can present a challenging balancing act, especially given the staffing constraints facing many firms.

Account 52

Account accountant accounted Technology 52

LyfeAccounting

JULY 28, 2021

And that is by hiring them in your business and placing them on the payroll. Today, we’re excited to show you how to hire your kids and put them on the payroll. You get a tax write-off for the pay you give them and in turn, your kids (or you) can use that income tax-free to help provide for what they need. It’s simple.

Tax 52

Tax payroll payroll tax Real Estate 52

ThomsonReuters

AUGUST 5, 2021

Established under the Coronavirus Aid, Relief and Economic Security (CARES) Act , the ERC was due to expire on December 31, 2020. . The Consolidated Appropriations Act (CAA) of 2021, extended the ERC through June 30, 2021.?The The American Rescue Plan Act (ARPA) extends the ERC from June 30, 2021,? Notice 2021-49].

tax return 52

tax return payroll Tax income tax 52

Ryan Lazanis

SEPTEMBER 1, 2023

With 100’s of 3rd party apps integrations as well, automation is what they’re about. If you want to see the best cloud accounting software apps all in one place, then you’ll LOVE this ultimate list. In it, I’ll be sharing 147 of the best cloud accounting software apps on the market. Ready to dive in?

accounting software 98

accounting software quickbooks Account accountant 98

ThomsonReuters

SEPTEMBER 8, 2023

Jump to: What are the main types of business ownership? What is a C corporation? What is an S corporation? What is an LLC? Many entrepreneurs wonder what types of business ownerships are possible and how to determine which one is right for their business. Which is better: a C corp, S corp, or LLC?

income tax 75

income tax Tax Legal tax return 75

ThomsonReuters

APRIL 6, 2021

This can include payroll, accounts receivable and payable, and bookkeeping. You can also help these businesses understand how business intelligence and analytics can help them spot trends and opportunities—and how they can act on them. Business marketplaces are tighter and competition fiercer.

accounting and finance 64

accounting and finance audit CPA cpa firm 64

ThomsonReuters

FEBRUARY 15, 2022

The Consumer Price Index is involved in payroll topics like minimum wage, benefits, and the federal tax brackets. What is the Consumer Price Index? For the purposes of payroll, the CPI is important for topics such as minimum wage and benefits. Recently, the high rate of inflation is a topic of importance and concern. population.

payroll 98

payroll Alaska income tax Tax 98

ThomsonReuters

FEBRUARY 9, 2022

Part 1 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including worker classification, COVID-19 vaccine mandates, and wage and hour. Read part 2 for more 2022 payroll trends. When the driver pulled up, I threw my carry-on bag in the trunk and hopped in the back seat.

payroll 110

payroll New Jersey Florida Hawaii 110

ThomsonReuters

MARCH 8, 2021

Perkins established unemployment benefits and pensions for many uncovered elderly Americans with the Social Security Act. Perkins established unemployment benefits and pensions for many uncovered elderly Americans with the Social Security Act. Choose to Challenge. But challenges – big and small – are part of life.

payroll 52

payroll Connecticut Alabama Virginia 52

ThomsonReuters

FEBRUARY 10, 2021

The Consolidated Appropriations Act, 2021 (CAA; PL 116-260), contained numerous tax provisions. Here’s a rundown of what you need to know about the CAA as you prepare 2020 business and individual tax returns. Amendments to CARES Act Economic Impact Payment Rules. Amendments to CARES Act Economic Impact Payment Rules.

Tax 98

Tax tax return payroll Education 98

ThomsonReuters

APRIL 14, 2022

What is cryptocurrency? A cryptocurrency is a digital or virtual currency that is secured by cryptography. What’s the appeal of being paid in cryptocurrency? In November of 2021, Miami, Florida Mayor Francis Suarez responded to a tweet that asked who would be the first U.S. ” Can employers pay in cryptocurrency?

New York 119

New York Tax Illinois payroll 119

ThomsonReuters

NOVEMBER 8, 2022

What is accounting technology? . What are the benefits of accounting technology? As companies emerge from the COVID-19 pandemic and face subsequent challenges resulting from The Great Resignation, technology has emerged as a necessity for small and large businesses alike. Accounting?technology?is?the technology?is?the

Technology 94

Technology Account accountant accounted 94

inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? By the end of this post, you’ll better understand what a startup accountant should do, so when the time comes to hire one, you’ll know all the right questions to ask. What Makes Accounting Services for Startups Different? Why do you care? To go public.

Account 52

Account accountant accounted accrual accounting 52

inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? By the end of this post, you’ll better understand what a startup accountant should do, so when the time comes to hire one, you’ll know all the right questions to ask. What Makes Accounting Services for Startups Different? Table of Contents. Getting into legal troubles.

Account 52

Account accountant accounted accrual accounting 52

ThomsonReuters

JUNE 2, 2023

When Tiliakos took the stage in Denver on the final day of the 2023 Payroll Org Congress, he explained how far payroll has come by going all the way back to 3000 B.C. where worker pay details were chiseled into stone tablets. food, housing, and clothing). food, housing, and clothing).

payroll 59

payroll Technology Start-ups Tax 59

ThomsonReuters

NOVEMBER 20, 2020

Biden favors an ABC test very close to the newly adopted test in California (see Payroll Guide ¶19,045 ). While President Donald Trump has filed numerous lawsuits challenging the election results, we will examine how a Joe Biden presidency could have a significant impact on employers. Wage Theft. Worker Classification. Wage and Hour.

payroll 105

payroll payroll tax Tax Legal 105

ThomsonReuters

NOVEMBER 20, 2020

Biden favors an ABC test very close to the newly adopted test in California (see Payroll Guide ¶19,045 ). While President Donald Trump has filed numerous lawsuits challenging the election results, we will examine how a Joe Biden presidency could have a significant impact on employers. Wage Theft. Worker Classification. Wage and Hour.

payroll 52

payroll payroll tax Tax Legal 52

ThomsonReuters

DECEMBER 3, 2020

The Families First Coronavirus Response Act (FFCRA, P.L. Deferral of the employer’s share of Social Security tax. Deferral of withholding and remittance of employee’s share of Social Security tax. Deferral of withholding and remittance of employee’s share of Social Security tax. Background.

income tax 78

income tax Tax payroll tax payroll 78