article thumbnail

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.

payroll 52
article thumbnail

Ryan Huff, Joshua Snyder and Clay Kniepmann Named Principals at Anders

Anders CPA

Huff, CPA and Joshua L. Snyder, CPA in Tax and Clay M. Kniepmann, JD, CPA/CFF/ABV, CFE in Forensic, Valuation and Litigation to principals at the firm. Ryan is a Certified Public Accountant in the state of Missouri and holds a B.S. Ryan is a Certified Public Accountant in the state of Missouri and holds a B.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.

article thumbnail

House Bill Proposes to End Social Security Tax for Retirees

CPA Practice

The Social Security payroll tax wage base was $160,200 last year. payroll tax on nearly $100,000 more of their wages. Missouri and Nebraska stopped taxing Social Security this year). As Kiplinger reported, the Social Security tax wage base jumped 5.2% from 2023 to 2024. The wage base increased to $168,600 for this year, 2024.

Tax 131
article thumbnail

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.

audit 130
article thumbnail

The Benefits of Delayed Business Filings

CPA Practice

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. Nellie Akalp is a passionate entrepreneur, recognized business expert, and mother of four.

article thumbnail

Year-End Tax Planning Tips: Maximize Deductions and Minimize 2023 Tax Liabilities

Anders CPA

While each state has their own sponsored plan and rules regarding the program, Missouri’s MOST 529 Program allows contributors to invest up to $550,000 per beneficiary, but only $8,000 can be deducted from an individual’s taxes per year ($16,000 for married filing joint). Reevaluate Payroll Deductions and Other Benefits.