Anders CPA

MAY 15, 2023

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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payroll tax payroll South Dakota Rhode Island 52

Nancy McClelland, LLC

DECEMBER 29, 2022

Illinois Department of Human Rights Sexual Harassment Training For the record, this one is state-mandated, not just city-wide. The Illinois Workplace Transparency Act requires all employers to comply with the sexual harassment prevention training by December 31, 2020, and thereafter must provide annual training to all employees.

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Illinois payroll Education CPA 52

CPA Practice

AUGUST 15, 2023

Jared Ballew, 2022-23 Chair of the ETAAC and Vice President of Government and Industry Relations at Taxwell; and Ann Campbell, CPA CIA and Drake Software Trainer will share an overview of the cyber threats that taxpayers and tax professionals face daily. Gail Perry is the editor-in-chief of CPA Practice Advisor.

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Tax North Carolina Indiana CPA 52

Nancy McClelland, LLC

JULY 3, 2023

Most payroll software (including Gusto ) will address this discrepancy automatically, but it’s worth checking your system to make sure. hr regular pay and $8/hr for tipped workers), but require higher hourly pay than the State of Illinois ($13/hr regular pay and $7.80 times the minimum wage. tipped workers).

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CPA Practice

MARCH 16, 2023

The Midwest, led by Illinois, has gained 0.77 Drawing from the payroll data of approximately 350,000 Paychex clients with fewer than 50 employees, the monthly report offers analysis of national employment and wage trends, as well as examines regional, state, metro, and industry sector activity. percent during the past quarter.

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North Carolina Hospitality Illinois payroll 119

MyIRSRelief

JULY 3, 2023

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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audit North Carolina Oklahoma Ohio 130

CPA Practice

APRIL 4, 2023

Illinois’ growth rate rose 0.25 and second among states, Illinois’ performance in March is the strongest it’s seen since 2014. Despite its job growth slowing by 0.42 percent, North Carolina’s robust performance continued in March, with the state’s index hitting 102.13. percent last month and 1.70 percent year-over-year.

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Illinois Hospitality payroll Maine 52

CPA Practice

OCTOBER 10, 2023

Opponents, including the Illinois Restaurant Association, say the measure will cause restaurants skating by on already notoriously thin margins to cut staff, raise menu prices and close down. At a news conference last Tuesday, Ald. One Fair Wage and its allies argue that the subminimum wage leaves tipped workers vulnerable to exploitation.

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CPA Practice

MAY 1, 2023

California, Oregon, Illinois, Colorado, and other states require businesses to either start their own retirement plan or enroll their employees in the state automated program called auto-IRAs. The changes can result in a win-win for both employers and employees, as they make it easier for both parties to grow their retirement contributions.

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CPA Practice

FEBRUARY 1, 2023

Note, however, that it may take time for plan providers to offer this feature and for payroll systems to be updated accordingly. Illinois CPA Society member Daniel F. Rahill, CPA/PFS, JD, LL.M., The Act now allows employers to provide employees the option of receiving vested matching contributions to Roth accounts.

Illinois 96

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CPA Practice

JULY 12, 2023

HDHPs have lower premiums than traditional health plans because they have higher deductibles, which allows employers who offer HDHPs with HSAs to their employees to save money by reducing their payroll taxes and health care costs. Rahill, CPA/PFS, JD, LL.M., Of course, there are limitations to HSAs.

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Tax tax return payroll tax Illinois 98

CPA Practice

DECEMBER 19, 2023

States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days). She is the CEO of CorpNet , the most innovative way to start a business, register for payroll taxes, and maintain business compliance across the United States.

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Rhode Island West Virginia South Dakota North Dakota 116

Going Concern

SEPTEMBER 25, 2023

Attorney General’s Office for Northern Illinois announced on Wednesday. The indictment states that the loan applications contained numerous misrepresentations and false statements that inflated the applicants’ payroll, income, and other expenses. Tracy Mitchell, the owner of House of Deals, Inc.,

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tax preparation Gambling Account accountant 86

CPA Practice

OCTOBER 18, 2023

Property and payroll taxes In addition to business or personal income taxes and sales tax, property and payroll taxes are important considerations. Payroll taxes, such as unemployment insurance and workers’ compensation, can also vary across states and affect your labor costs.

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business tax Tax Alaska South Dakota 59

Anders CPA

JANUARY 1, 2024

In 2024, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, minimum wage is increasing in Missouri and Illinois. The Illinois minimum wage will increase to $14.00 In Illinois, the penalty for non-compliance is $15.

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payroll tax payroll Tax Missouri 52

CPA Practice

MAY 11, 2023

Illinois Total Number of Accounting Jobs Available: 6,719 Total Number of Finance Jobs Available: 5,240 Accounting and Finance Average Salary: $114,000 Average World University Rankings Accounting and Finance Score: 35.70 Finance Career Score /10: 8.80 Finance Career Score /10: 8.76

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Account accountant accounted accounting and finance 104

CPA Practice

MARCH 23, 2023

On an unadjusted basis, initial claims decreased to 213,425, with applications declining in California, Illinois and New York. The four-week moving average in initial claims, which smooths out week-to-week volatility, edged down to 196,250. They climbed in Indiana. With assistance from Chris Middleton.) ©2023 Bloomberg L.P.

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Indiana Illinois Hospitality New York 52

CPA Practice

AUGUST 21, 2023

Betsy Phillips is a Certified Senior Housing Professional, Seniors Real Estate Specialist® and Accredited Buyer’s Representative® with Compass in Glenview, Illinois. Contact her at betsy.phillips@compass.com.

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Real Estate Illinois cpas Legal 98

CPA Practice

OCTOBER 23, 2023

Joshua Lance, founder and managing director of Chicago-based Lance CPA Group and a six-time “40 Under 40” honoree by CPA Practice Advisor , passed away on Oct 21. In a post on Instagram , Lance CPA Group said its offices will be closed today to “honor our friend.” “We He was 40 years old.

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Going Concern

AUGUST 21, 2023

This week I’ll be covering the Illinois CPA Society SUMMIT23 so if you want to keep up with all that from the comfort of your home or office go on Twitter. Want me to cover the front desk while working on Payroll? Good morning afternoon and happy Monday to you. If you’re attending live come find me, I have stickers.

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audit Account accountant accounted 52

Nancy McClelland, LLC

JULY 7, 2022

Even the least expensive version of Gusto Payroll allows for a sick pay plan, and it’s not hard to set up and track ( see instructions here ). Reminder that if you sign up and run Gusto using my link , you’ll get a free trial period… and after running your first payroll you’ll receive a $100 Visa gift card!

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payroll Start-ups Healthcare Manufacturing 52

Going Concern

FEBRUARY 23, 2024

Sadly, I had to argue with them over their own language in black and white on how… — Eric Pierre, CPA (@yourfavecpa) February 22, 2024 Deloitte’s Adam Powick wrestles with the complaints of former staff and directors about the pressure to perform in a gruelling corporate culture. in last 12 months.

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CPA Practice

NOVEMBER 1, 2023

The gains allowed it to leapfrog states including Illinois, Minnesota and Virginia. North Dakota’s per capita personal income rose to $73,414, giving it the 12th highest income in the country, up from 16th in 2019.

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Going Concern

AUGUST 25, 2023

Firm Watch Baker Tilly Names Adam Grinde Illinois Managing Partner [ Business Wire ] Grinde succeeds Thomas Walker who transitioned to a regional leadership role as managing partner – Central U.S. ” Grinde will provide leadership, management and strategic direction to grow the firm’s Illinois market. effective June 1.

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tax preparation CPA payroll tax Illinois 87

Going Concern

OCTOBER 27, 2023

IRS encourages employers to electronically file payroll tax returns [ IRS Newsroom ] The Internal Revenue Service today reminded employers that the best way to file their next quarterly payroll tax return by the Oct. I served with Josh on the Illinois CPA Society Board of Directors and regularly attended the same accounting events.

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