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Payroll Tax News Updates: April 2024

CPA Practice

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. But the manager wasn’t aware of the company’s failure to pay employment taxes on time. 20-1656, W.D.-PA, PA, 3/29/24).

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How SUI and State Income Taxes Affect Small Businesses

CPA Practice

In Alaska, New Jersey, and Pennsylvania, both employers and employees contribute to the fund, with the employee’s portion of SUI deducted from their paychecks. In Kentucky, employers are required to withhold an Occupational Tax from employees’ wages. In all but three states, only employers contribute to SUI.

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Decoding the Difference: Tax Planning vs. Advisory

CPA Practice

ASE Group specializes in making the dollars make sense through solid recordkeeping, proactive tax planning, tax preparation, and year-round advisory support for entrepreneurs in New Jersey, New York, Connecticut, and Pennsylvania. She was recognized as a 2021 CPA Practice Advisor “40 Under 40” Professional.

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Blank Checks And PO Manipulation Cost Businesses Millions

PYMNTS

600,000 was reportedly stolen by a Canadian bookkeeper , who was found to have taken advantage of the fact that the company’s president, Robert George, signed blank checks for the bookkeeper to make payments in accounts payable and payroll. Attorney BJay Pak in a statement, local news outlet Action News Jax said.

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Tax Tips for Accountants With Gambling Clients

CPA Practice

Some states, like New Jersey and Pennsylvania, allow the netting of wins and losses to arrive at taxable gambling income for recreational gamblers. Additionally, Blake co-hosts the Cloud Accounting Podcast, a Top 25 Business News show on the Apple charts and the most popular podcast for accountants and bookkeepers in the world.

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Tax Guide for Small Businesses: How Much Should You Save for Taxes?

MazumaBusinessAccounting

The amount varies from 3% in Pennsylvania to 13.3% Hiring a reliable bookkeeper , however, can prevent this from occurring. State Income Tax. Not all states have income tax, but the majority do. in California. You’ll need to look up your state’s income tax laws. State Sales Tax. Get Professional Tax Help.

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10 Ways to Help Gen X Clients Prepare for Retirement

CPA Practice

ASE Group specializes in making the dollars make sense through solid recordkeeping, proactive tax planning, tax preparation, and year-round advisory support for entrepreneurs in New Jersey, New York, Connecticut, and Pennsylvania. She was recognized as a 2021 CPA Practice Advisor “40 Under 40” Professional.