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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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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.

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Number of Small Business Jobs Increased in June

CPA Practice

The region with the highest growth (0.62%) was the Plains (Iowa, Kansas, Minnesota, Nebraska and the Dakotas.) The only region to show no growth in employment was the Southwest (Arizona, New Mexico, Oklahoma and Texas), where employment was flat. This may be a signal of improving conditions within the U.S.

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Why More Small Businesses Owners Are Offering 401(k) Plans to Employees

CPA Practice

Rhett Stubbendeck introduced a 401(k) retirement program to all employees at his Omaha, Nebraska-based insurance company LeverageRx in January. Out of his 20 employees, 15 have enrolled in the program thus far, which offers a 100% match of contributions.

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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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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.

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Midwest and Mountain West Saw Biggest Income Gains Over Last 4 Years

CPA Practice

Incomes in Colorado, Maine, Montana and Nebraska also grew by roughly that much. “This used to be a place where we could bring businesses in and say, ‘You can pay minimum wage and people will take the jobs because it’s not expensive to live here,’” he said. Inflation-adjusted per capita incomes in Utah have grown by about 8% since 2019.