CPA Practice

APRIL 9, 2024

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. Filing tax returns and remitting payments on time.

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CPA Practice

FEBRUARY 12, 2024

The You Earned It, You Keep It Act is referred to as a “win-win” by its sponsor, Minnesota Rep. It’s a tax cut for seniors and a way to ensure more Americans can depend on the Social Security benefits they’ve earned,” Rep. As Kiplinger reported, the Social Security tax wage base jumped 5.2% Angie Craig (D-Minn.).

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CPA Practice

APRIL 29, 2024

California is the most expensive state for wealthy investors, with a capital gains tax rate of 13.3% on income exceeding $1 million. And high-earning employees should take note: A newly expanded payroll tax means California’s highest earners to pay an additional 1.1%. The lowest tax rate in Maine is still a high 5.8%

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CPA Practice

MARCH 18, 2024

The state’s Supreme Court recently upheld a controversial capital gains tax , which has been re-challenged in court and could be on the state’s ballot in November for potential repeal. Will other states, like California, implement similar initiatives involving payroll tax deductions? of your adjusted gross income.

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payroll tax Washington payroll Tax 59

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. Below we dive into the state and unemployment tax responsibilities employers need to know.

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CPA Practice

NOVEMBER 1, 2023

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. The gains allowed it to leapfrog states including Illinois, Minnesota and Virginia. The knocks to personal incomes affected state revenues.

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