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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. By Nellie Akalp. Filing tax returns and remitting payments on time.

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. They can help implement internal controls, review payroll processes, and provide guidance to minimize the risk of errors or discrepancies in future ERC claims.

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How SUI and State Income Taxes Affect Small Businesses

CPA Practice

Some states require employers to pay additional payroll taxes. Plus, currently, nine states do not levy a state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming, although Washington does impose a state capital gains tax. Get more info at CorpNet.com/partners.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

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A professional tax advisor or CPA can accurately file your business taxes on time. Corporate tax Self-employment tax Sales tax Payroll tax We’ll cover everything you need to know about tax rates for the most popular business entity types—corporations, partnerships, sole proprietorships, and LLCs. How Are Small Businesses Taxed?