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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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RSM Acquires Maryland Firm Wise Consulting

CPA Practice

RSM US LLP acquired the equity of Timonium, Maryland-based Wise Consulting Associates, Inc., Founded in 1996, Wise Consulting implements and optimizes UKG and Ceridian human capital technology solutions and provides ongoing payroll services. on May 1, 2023.

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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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CPA Firm Managing Partner Weighs in on How to Rebuild the Talent Pipeline

CPA Practice

And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. I’m on the advisory council of my alma mater, the Smith Business School at the University of Maryland. You don’t have to be a CPA.

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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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The Hidden Costs of Payroll Advance Apps

CPA Practice

It arrives as policymakers in states such as Maryland and in the U.S. Congress move to exempt advance apps from consumer protection laws.

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

CPA Practice

Arkansas, Mississippi, Oklahoma, Pennsylvania, Ohio, Massachusetts and Maryland also posted fresh record-low readings. In a dozen states and DC, the number of people on payrolls remains below pre-pandemic levels. The unemployment rates in 25 states are currently at or within 0.1 For instance, Minnesota’s unemployment rate is up 0.5