Withum

OCTOBER 6, 2022

Last week, the Federal Government released guidance allowing certain federal tax filings and payments to be extended until February 15, 2023, for the victims of Hurricane Ian. The lack of state income tax extensions for victims of Hurricane Ian may require additional compliance procedures to avoid penalties. affected taxpayer)?

Government 125

Government income tax tax return Florida 125

CPA Practice

SEPTEMBER 1, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. 15, 2024, to file various federal individual and business tax returns and make tax payments. As a result, affected individuals and businesses will have until Feb. 15, 2023, and Jan.

Tax 119

Tax income tax tax return payroll 119

CPA Practice

AUGUST 19, 2023

The Internal Revenue Service will allow Hawaii taxpayers in Maui and Hawaii counties extra time – until February 15, 2024 – to file various federal individual and business tax returns and make tax payments that would have been normally been due before then. As a result, affected individuals and businesses will have until Feb.

Hawaii 97

Hawaii Tax income tax tax return 97

LyfeAccounting

DECEMBER 31, 2020

Well there are taxes that need to be filed and paid, and this post is going to break down all of it. For the purposes of filing and paying employer payroll taxes, I’d highly recommend using a payroll software like QuickBooks or Gusto. And have noticed that taxes were withheld from their paychecks.

payroll tax 52

payroll tax payroll Tax tax return 52

SkagitCountyTaxServices

DECEMBER 8, 2021

And one way you can do so is by making some tax moves before the clock strikes 12 on New Year’s Eve. Now I get it … the rush of customers and clients, strange hours, extra errands: It’s a tough time of year to think about tax. But the calendar waits for no business, and time is getting short to plan your moves.

business tax 52

business tax Tax tax preparation payroll tax 52

SkagitCountyTaxServices

SEPTEMBER 22, 2021

The rest, I’ll cover below… Small Business Tax Credit Updates Skagit County Owners Will Want to Consider “I always tried to turn every disaster into an opportunity. ” – John D. The 6-month run for employee subsidies and employer tax credits to help pay for COBRA health insurance. Rockefeller. Stay tuned.

business tax 52

business tax Tax Washington E-commerce 52

CPA Practice

FEBRUARY 29, 2024

The Internal Revenue Service has given tax relief for individuals and businesses in parts of Washington state affected by wildfires that began on Aug. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. 15, 2023, and Jan.

Washington 98

Washington Tax tax return income tax 98

CPA Practice

APRIL 3, 2023

Individuals and households that reside or have a business in Cross, Lonoke and Pulaski counties in Arkansas now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced. See Publication 547 for details.

Arkansas 98

Arkansas Tax tax return income tax 98

CPA Practice

NOVEMBER 9, 2023

The Internal Revenue Service Advisory Council (IRSAC) has issued its annual report for 2023 (PDF), including recommendations to the IRS on new and continuing issues in tax administration. Sharon Brown – Brown served on the Tax Exempt/Government Entities Subgroup. The full 2023 IRSAC Public Report PDF is available at IRS.gov.

Construction 105

Construction Tax Government payroll 105

LyfeAccounting

DECEMBER 7, 2020

?. Today, we’re going to be deep-diving into US payroll taxes. And after helping hundreds of businesses with their accounting and taxes, we know a thing or two about it. Note that for guidance or advice specific to your business, you should consult with a tax or legal professional. – State Income Tax.

payroll tax 52

payroll tax payroll Tax income tax 52

CPA Practice

FEBRUARY 28, 2023

16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. The current list of eligible localities and other details for each disaster are available on the Tax Relief in Disaster Situations page on IRS.gov. 16 to file their 2022 return and pay any tax due.

Tax 128

Tax Alabama tax return Georgia 128

CPA Practice

MARCH 24, 2023

Residents and businesses in five New York counties affected by recent winter storms now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced. Lawrence and Suffolk counties qualify for tax relief. 23 and Dec.

New York 105

New York Tax tax return income tax 105

Withum

SEPTEMBER 22, 2022

The IRS ruled that the PPP loan forgiveness amount is not tax-free, even if the SBA and lender granted the borrower full loan forgiveness, if the taxpayer did not satisfy the factual requirements for loan forgiveness. The rest of the analysis in the CCA is a relatively straightforward application of the tax law. Contact Us.

Tax 125

Tax payroll audit tax services 125

CPA Practice

FEBRUARY 16, 2024

Due to severe storms in August 2023, individuals and business taxpayers in some Michigan counties have until June 17, 2024, to file various federal individual and business tax returns and make tax payments, the the Internal Revenue Service has announced. Quarterly estimated income tax payments normally due on Sept.

Michigan 59

Michigan Tax tax return income tax 59

Menzies

JANUARY 20, 2023

We’re devised this ‘Finance Directors’ tax toolkit’ to highlight the ways in which Menzies often help large and multinational companies including business tax, employment solutions and innovation incentives (e.g. Transfer pricing Transfer pricing is not only a tax compliance requirement.

Finance 52

Finance Tax tax return accounting and finance 52

CPA Practice

FEBRUARY 27, 2023

16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. The current list of eligible localities and other details for each disaster are available on the Tax Relief in Disaster Situations page on IRS.gov. 16 to file their 2022 return and pay any tax due.

Tax 95

Tax Alabama tax return Georgia 95

SkagitCountyTaxServices

MAY 26, 2021

But before we leave taxes in the rearview, let’s address an unfortunate reality: as a business owner, you have a greater number of tax reporting obligations than a regular person has. (Of Of course, you have MANY more tax-savings opportunities as well.). Some of these penalties are straightforward and simple.

business tax 40

business tax Tax tax return income tax 40

Withum

FEBRUARY 27, 2023

Over the past few days, the IRS has issued several updates regarding tax relief for victims of severe winter storms, flooding, landslides, and mudslides. The last updated news release on February 24, 2023, states that affected taxpayers now have until October 16, 2023 to file various individual and business tax returns and make tax payments.

California 119

California tax return Nevada payroll 119

CPA Practice

SEPTEMBER 13, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in 28 of the state’s 159 counties in Georgia. 15, 2024, to file various federal individual and business tax returns and make tax payments. As a result, affected individuals and businesses will have until Feb.

Georgia 105

Georgia South Carolina income tax tax return 105

PYMNTS

SEPTEMBER 6, 2017

Sweden is looking to become an epicenter for entrepreneurs and hopes to entice small businesses to set up shop, thanks to tax legislation changes in the country. Reports said legislators are also planning to lessen payroll taxes for small businesses. Reports Tuesday (Sept. billion for extra spend.

business tax 51

business tax payroll tax Tax payroll 51

Ronika Khanna CPA,CA

SEPTEMBER 22, 2023

This is especially true with respect to the more technical aspects of business such as accounting and tax. While you may not see yourself as a business owner, the tax authorities do and they, unfortunately, have the final say on this. In this case it is important to register for payroll and hire them as an employee.

Tax 98

Tax income tax tax return accounting and finance 98

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. The short answer is that a business expense is considered to be deductible if it has been incurred with the ultimate purpose of earning income.

Tax 52

Tax tax return business tax income tax 52

CPA Practice

FEBRUARY 27, 2024

The Internal Revenue Service announced today tax relief for individuals and businesses in parts of California affected by severe storms and flooding that began on Jan. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments.

tax return 69

tax return income tax California payroll 69

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. The post Per-Diem Rates for Post-9/30/20 Business Travel appeared first on Roger Rossmeisl, CPA.

payroll tax 190

payroll tax CPA payroll Tax 190

ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

payroll tax 98

payroll tax payroll tax return Tax 98

SkagitCountyTaxServices

FEBRUARY 8, 2024

Before I get to those things, let me make a quick plug for getting on my calendar because business tax deadlines are coming and last-minute action is NOT a good strategy for keeping your Mount Vernon business compliant and tax-light. Most businesses formed before 2024 have until Jan. more workers.

Legal 83

Legal Healthcare business tax Tax 83

Ronika Khanna CPA,CA

FEBRUARY 23, 2024

For all Canadian businesses that have employees on their payroll, the deadline to file your T4s is February 28th (unless it is a leap year and then it is February 29th), The good news is that it has become much easier to prepare and submit the T4s particularly if you are submitting them electronically.

quickbooks 81

quickbooks payroll accounting and finance Start-ups 81

CPA Practice

APRIL 28, 2023

Like salaried wages, tips are subject to income and payroll taxes. Waiters, for instance, are technically required to report tips to their employer, who then withholds and pays the proper taxes. The SITCA program will track tips automatically and doesn’t require a tax reporting commitment from employees.

Georgia 126

Georgia payroll tax payroll Tax 126

Withum

JULY 25, 2022

Although most federal funds related to the COVID-19 pandemic have been exhausted, small businesses in New York are still eligible to receive sizeable grants and credits created by Governor Hochul’s Executive Budget. Specifically, two NY small business programs currently offer small business owners upwards of $75,000 in grants and credits.

New York 78

New York tax services business tax payroll 78

LyfeAccounting

APRIL 22, 2021

We’ve all heard it before… Amazon paid $0 in taxes while making over 11 billion dollars in profit. And while most businesses were paying their fair share of taxes, in 2018, Amazon received a rebate of $129 million. This basically means Amazon got a federal tax refund for millions of dollars. Must be nice, right?

Tax 52

Tax Virginia Georgia income tax 52

Ronika Khanna CPA,CA

APRIL 14, 2022

Being a small business owner comes with challenges, not the least of which is doing your taxes. While most Canadian taxpayers have relatively simple tax returns that can easily be completed using software, small business owners have the additional burden of reporting details relating to their businesses.

Tax 52

Tax tax return business tax accounting and finance 52

Menzies

MARCH 6, 2023

Stephen Hemmings – Business Tax Partner The Apprenticeship Levy has been with us for over five years but there remain employers unaware of what this is all about, whether it is payable, what action is available to mitigate the cost and what benefits are available to the business?

payroll 52

payroll Government chartered accountant Tax 52

CPA Practice

APRIL 24, 2023

Like salaried wages, tips are subject to income and payroll taxes. Waiters, for instance, are technically required to report tips to their employer, who then withholds and pays the proper taxes. The SITCA program will track tips automatically and doesn’t require a tax reporting commitment from employees.

Georgia 98

Georgia payroll tax payroll Tax 98

Ronika Khanna CPA,CA

NOVEMBER 18, 2022

By being proactive, you can turn your mind to your actual business and avoid unpleasant surprises (such as incomprehensible letters from the government). This will be very useful when you are asked for your corporate documentation, business numbers etc. by your business associates or CRA.

payroll 52

payroll accounting and finance Tax accounting system 52

Ronika Khanna CPA,CA

OCTOBER 13, 2023

As an employee, your employer takes on the responsibility to pay certain payroll deductions to the governmen t, which are deducted directly from the employees’ gross salary. The net salary, which is the amount on the employees’ paycheque, is the amount received after payroll and income taxes have been deducted.

tax return 52

tax return Tax payroll income tax 52

xendoo

MARCH 4, 2022

Ecommerce entrepreneurs and bookkeepers collect sales tax and financial statements. Accountants can use that data to help businesses make future business decisions. Accounting for ecommerce includes the following categories: Bookkeeping (recording of business transactions). Submitting tax returns.

Sales 105

Sales bookkeeping Account accountant 105

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