RogerRossmeisl

NOVEMBER 7, 2020

If the rate paid doesn’t exceed IRS-approved maximums, and the employee provides simplified substantiation (time, place, and business purpose): the reimbursement is treated as made under an accountable plan (e.g.

payroll tax 190

payroll tax CPA payroll Tax 190

RogerRossmeisl

JANUARY 11, 2021

BACKGROUND CARES Act The CARES Act provided the original legislation authorizing the Small Business Administration (SBA) to make loans to qualified businesses under certain circumstances.

payroll 236

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RogerRossmeisl

JANUARY 15, 2021

Containing extensions and expansions of the PPP, it provides additional funding for what has been a popular provision with many small businesses included in the Coronavirus Aid, Relief and Economic Security (CARES) Act. allowing eligible employers to obtain forgivable loans for certain payroll and non-payroll purposes.

payroll 230

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RogerRossmeisl

JANUARY 10, 2021

BACKGROUND CARES Act The CARES Act provided the original legislation authorizing the Small Business Administration (SBA) to make loans to qualified businesses under certain circumstances.

payroll 147

payroll CPA cpa firm business tax 147

Snyder

JANUARY 10, 2023

After all of the transactions have been recorded, you can reconcile your accounts, which is very important for maintaining an overview of your financial health, and getting ready for the tax season. If you have employees, payroll is a big part of the bookkeeping cycle. Should I hire a small business accountant for my company?

Account 59

Account accountant accounted bookkeeping 59

Basis 365

APRIL 28, 2022

Choosing your entity type really crosses two disciplines, legal and tax. The legal side of your entity type relates to your legal protection or future equity expectations for the business. The tax side, which is closer to the accounting side, relates to selecting the appropriate business type that minimizes unintended tax liabilities.

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Nancy McClelland, LLC

AUGUST 15, 2022

The ERC has been in the news quite a bit lately due to aggressive tactics by non-CPA firms claiming to be able to apply for these credits on behalf of business owners. (We’ll However, the rules regarding whether or not a business qualifies are complex, and best performed by a knowledgeable professional.

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RogerRossmeisl

NOVEMBER 29, 2021

The Employee Retention Tax Credit (ERTC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. It now only applies through September 30, 2021 (rather than through December 31, 2021) — unless the employer is a “recovery startup business.” The American Institute of Certified.

Tax 246

Tax payroll tax payroll CPA 246

RogerRossmeisl

MARCH 12, 2021

This post reviews the payroll provisions of ARPA. The post Payroll Provisions of the American Rescue Plan Act appeared first on Roger Rossmeisl, CPA. Paid Sick and Family Leave Credits Changes under ARPA apply to amounts paid with respect to calendar quarters beginning after March 31, 2021.

payroll 246

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Ryan Lazanis

APRIL 4, 2022

This will ensure that you only admit the right small businesses into your accounting firm. 4) If you provide tax preparation services, they’re a great way to avoid a crazy tax season. Tax services that you’ll provide in tax season? A business plan or business structure consulting?

bookkeeping 98

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