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Payroll Tax News Updates: April 2024

CPA Practice

But the manager wasn’t aware of the company’s failure to pay employment taxes on time. Now a district court in Pennsylvania has determined that he isn’t a responsible person (Powell, Civil Action No. A part-time bookkeeper at Urgent Care who was paid an hourly rate handled the company payroll. 20-1656, W.D.-PA,

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How SUI and State Income Taxes Affect Small Businesses

CPA Practice

Finally, SUI tax rates tend to change from calendar year to calendar year and can rise or fall depending on the economy and the state’s unemployment fund status. Some states require employers to pay additional payroll taxes. In Kentucky, employers are required to withhold an Occupational Tax from employees’ wages.

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10 Ways to Help Gen X Clients Prepare for Retirement

CPA Practice

Small business owners typically struggle with saving for retirement because they juggle operating expenses, payroll, taxes, and financing growth opportunities. Having a trusted advisor to help them prioritize and strategize to save for their future can help reduce stress, while also minimizing their tax liability.