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IRS Again Extends Income Tax Deadline For Hawaii Wildfire Victims

CPA Practice

8, 2023, wildfires in Hawaii. Quarterly payroll and excise tax returns normally due on Oct. The news release said this tax relief is available to individuals and households that live in or have a business in Maui or Hawaii counties, as designated by the Federal Emergency Management Agency’s disaster declaration.

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IRS Offers Tax Filing Extensions to Hawaii Wildfire Victims

CPA Practice

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. Quarterly payroll and excise tax returns normally due on Oct.

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An Employer’s Guide to Multi-State Payroll Tax Withholding for Remote Workers

Anders CPA

Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees.

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How Layoffs Affect Your Tech Company’s Books and Payroll

Shay CPA

And, of course, you can’t forget about how your layoffs impact your books and payroll. And if you’re in this boat, you should know what it means for your books and your payroll. This will mean more paperwork in the immediate future to close in the state, but it can simplify your books, taxes, and payroll in the long term.

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Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Contact Anders The post Employer Payroll Tax Obligations When Employees Work Out-Of-State appeared first on Anders CPA.

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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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Half of U.S. States Near Record Low Unemployment Rates

CPA Practice

In a dozen states and DC, the number of people on payrolls remains below pre-pandemic levels. That includes New York and Hawaii. For instance, Minnesota’s unemployment rate is up 0.5 percentage point from last year to a still-low 2.9%. ©2023 Bloomberg L.P. Visit bloomberg.com.