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What is IRS Form 941?

ThomsonReuters

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? How often does the IRS update Form 941?

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Payroll Considerations: When an Employee Dies

ThomsonReuters

See list of state tax agencies available on the IRS website. . COBRA coverage and notice. The election notice must be sent to the employee’s qualified beneficiaries within 14 days after being notified of the employee’s death. . For the federal tax treatment of death benefits, see Payroll Guide ¶3210. .

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Legal Tax Expert Discusses AI in IRS Auditing and the Future of the ERC

ThomsonReuters

“What happens when the IRS AI finds [an issue] because it’s 1.2 Conversely, Creech explained that the AI tools the IRS uses have seen “significant improvements” in areas that include partnerships where the audits are more targeted and have been much better than anything Creech has seen before. 6651 and Code Sec.

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Accounting for Startups

inDinero Accounting

They can notice trends and help you set goals to get to the next stage. Growth Focused: Big Businesses in Infancy Unlike small businesses, startups are built with rapid growth in mind. Because of this, much of their operational structures are designed to scale the organization and its revenues quickly. To go public. Or another large outcome.

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Accounting for Startups

inDinero Accounting

Our Startup Founder’s Guide to Fundraising will tell you everything you need to know about securing investments for your next stage of growth. Check out these other blogs with tips on how to grow your startup: 6 Strategies to Help Any Startup Stay Organized. They can notice trends and help you set goals to get to the next stage.

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Keeping up with tax regulatory compliance

ThomsonReuters

According to new data released in October 2022 by the IRS, tax gap estimates are on the rise. In an effort to narrow the tax gap, the IRS stated that it collected more than $4 trillion in taxes, penalties, interest and user fees in 2021, the latest year for which data is available. billion in funding to the IRS.

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Legal Experts Weigh-in on Labor Department’s Upcoming Worker Classification Rule?

ThomsonReuters

In response to the ruling, the DOL issued a notice of proposed rulemaking in the Fall of 2022 that would remove the two “core factor” test in favor of one that looks at a multiple-factor examination to determine if an employer-employee relationship exists. Superior Court  (2018) 4 Cal.5th

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