CPA Practice

MAY 2, 2025

Nonfarm payrolls increased 177,000 last month after the prior two months advances were revised lower, according toBureau of Labor Statisticsdata out Friday. The unemployment rate was unchanged at 4.2%.

payroll 82

payroll Account accountant accounted 82

RogerRossmeisl

JULY 15, 2024

The children’s wages then will be exempt from the following federal payroll taxes: Social Security tax, Medicare tax, and Federal unemployment (FUTA). The post Hiring Your Child to Work at Your Business This Summer appeared first on Roger Rossmeisl, CPA.

payroll tax 264

payroll tax payroll CPA Tax 264

RogerRossmeisl

JULY 17, 2024

They should also deposit non-payroll withheld income tax for June if the monthly deposit rule applies. The post 2024 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers appeared first on Roger Rossmeisl, CPA. July 31 Report income tax withholding and FICA taxes for second quarter 2024 (Form 941) and pay any tax due.

income tax 264

income tax Tax payroll CPA 264

RogerRossmeisl

JANUARY 11, 2021

The provision established the Payroll Protection Program (PPP), which provides up to 24 weeks of cash-flow assistance through 100% federally guaranteed loans to eligible recipients for the purpose of maintaining payroll during the coronavirus (COVID-19) pandemic and to cover certain other expenses.

payroll 236

payroll CPA cpa firm business tax 236

RogerRossmeisl

JANUARY 15, 2021

allowing eligible employers to obtain forgivable loans for certain payroll and non-payroll purposes. The post SBA Re-Opening PPP for All Lenders by 1/19/2021 appeared first on Roger Rossmeisl, CPA.

payroll 230

payroll CPA cpa firm business tax 230

RogerRossmeisl

AUGUST 9, 2021

Some types of fraud are more prevalent in the construction industry, particularly payroll and billing fraud. For example, paying under-the-table cash wages to avoid paying payroll taxes could result in criminal charges and significant penalties. These can lead to legal liability and fines.

Construction 245

Construction payroll tax payroll Legal 245

RogerRossmeisl

APRIL 10, 2023

You can save family income and payroll taxes by putting your child on the payroll. The post The Tax Advantages of Hiring Your Child This Summer appeared first on Roger Rossmeisl, CPA. Summer is around the corner so you may be thinking about hiring young people at your small business. It’s a win-win!

Tax 245

Tax payroll tax payroll CPA 245

RogerRossmeisl

JANUARY 25, 2021

Taxpayers could apply to have the loans forgiven to the extent their proceeds were used to maintain payroll during the COVID-19 pandemic and to cover certain other expenses. The post PPP Loan Tax Consequences appeared first on Roger Rossmeisl, CPA.

Tax 246

Tax CPA payroll cpa firm 246

RogerRossmeisl

NOVEMBER 8, 2023

Construction Some types of fraud are more prevalent in the construction industry, particularly payroll and billing fraud. To prevent payroll fraud, have someone independent of your accounting department verify the names and pay rates on your.

Real Estate 241

Real Estate Construction payroll Transportation 241

RogerRossmeisl

NOVEMBER 16, 2021

Employers don’t have to pay payroll taxes on HSA contributions made by employees through payroll deductions. The post Establishing a Health Savings Account for your Business appeared first on Roger Rossmeisl, CPA. Distributions from HSAs to cover qualified medical expenses aren’t taxed. Eligibility rules To be.

payroll tax 237

payroll tax accountant Account accounted 237

CPA Practice

JUNE 9, 2025

Managing payroll for your clients takes time, precision, and expertise. Partnering with a managed payroll provider can save time, reduce risks, and help your firm grow. But you don’t have to handle it all yourself.

payroll 52

payroll accounting firms accountant Account 52

MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. The process of resolving tax issues can be overwhelming and stressful for taxpayers, and seeking professional (EA, CPA, Lawyer) tax help can be a wise decision.

payroll tax 147

payroll tax payroll audit Tax 147

RogerRossmeisl

MAY 15, 2023

If a worker is an employee, your company must withhold federal income and payroll taxes and pay the employer’s share of FICA taxes on the wages, plus FUTA tax. The post If You’re Hiring Independent Contractors, Make Sure They’re Properly Handled appeared first on Roger Rossmeisl, CPA. In addition, there.

payroll tax 237

payroll tax CPA payroll Tax 237

Going Concern

JANUARY 22, 2025

According to the indictment, Jerkins, a Certified Public Accountant, owned Jerkins Business Solutions (JBS) which provided tax preparation, bookkeeping, and payroll services, among other accounting and financial services, for individuals and businesses since 2015. JBS was a sole proprietorship, and Jerkins controlled its bank accounts.

Tennessee 59

Tennessee CPA bookkeeping payroll 59

CPA Practice

AUGUST 9, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, review CYMA Payroll , a system designed for providers offering volume payroll processing and unique markets that process complex payroll. Well, I want to talk to you today about an accounting software product called Saima Cy MA and their payroll system.

payroll 119

payroll Technology accountant Account 119

RogerRossmeisl

AUGUST 9, 2022

For example, a colluding manager might override controls to allow another employee to commit expense reimbursement or payroll fraud. The post 5 Ways to Stop Employees from Colluding in Fraud appeared first on Roger Rossmeisl, CPA. Colluding thieves usually either ignore internal controls or take steps to hide noncompliance.

Expense Reimbursements 246

Expense Reimbursements payroll CPA 246

RogerRossmeisl

JULY 14, 2021

And you may be able to: Shift your high-taxed income into tax-free or low-taxed income, Realize payroll tax savings (depending on the child’s age and how your business is organized), and Enable retirement plan contributions for the children. However, in order for your.

Tax 246

Tax income tax payroll tax payroll 246

RogerRossmeisl

JUNE 10, 2021

If a worker is an employee, your company must withhold federal income and payroll taxes, pay the employer’s share of FICA taxes on the wages, plus FUTA tax. The post Help Ensure the IRS Doesn’t Reclassify Independent Contractors as Employees appeared first on Roger Rossmeisl, CPA. In addition, there may be state tax obligations.

payroll tax 246

payroll tax payroll CPA Tax 246

RogerRossmeisl

FEBRUARY 5, 2023

While the credit is no longer available, eligible employers that haven’t yet claimed it might still be able to do so by filing amended payroll returns for tax years 2020 and 2021. The post Employers Should be Wary of ERTC Claims that are Too Good to be True appeared first on Roger Rossmeisl, CPA.

payroll 238

payroll CPA Tax business tax 238

Anders CPA

APRIL 29, 2025

Changing to a new recordkeeper, custodian or payroll provider can have a direct impact on your 401(k) plan audit , requiring thorough planning to keep both current and upcoming audits moving smoothly along. Perhaps you have an automatic link between your payroll provider and your recordkeeper that will need to be reset.

payroll 52

payroll auditor audit Tax 52

CPA Practice

JUNE 11, 2025

Thanks for reading CPA Practice Advisor! Jason Bramwell Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. Starts at just $28/month. AI Answering Services is now available to all accounting firms across the U.S. All rights reserved.

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CPA Practice

MARCH 31, 2025

News & World Report compared price, tax filing support, integrations and automations, and more to determine which popular payroll software options made the 2025 Best Payroll Software list.

payroll 100

payroll payroll tax Tax 100

CPA Practice

NOVEMBER 18, 2024

ET) Host: Patriot Software, accounting and payroll software for businesses and accountants Duration: 1 hour Description: Get organized now for a hassle-free year-end with Patriot Software’s Training Director, Annie Hambach. Receive 1 hour of free CPE credit for participating in this live webinar Date: December 4, 2024 Time: 2:00 p.m. (ET)

payroll 52

payroll Account accountant accounted 52

CPA Practice

OCTOBER 18, 2024

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. He will now put his international experience to work at the state level, where he looks forward to working in service of the CPA profession in Florida. She holds a B.S.

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CPA Non-Profits cpas Washington 110

CPA Practice

JUNE 5, 2025

Thanks for reading CPA Practice Advisor! OBannon Technology June 5, 2025  Review of Power Automate – The Accounting Technology Lab Podcast – June 2025 Randy Johnston and Brian Tankersley, CPA, review Microsofts Power Automate, one of the robotic process automation tools available from Microsoft 365.

Texas 52

Texas accounting firms Technology Account 52

SkagitCountyTaxServices

JUNE 4, 2025

Payroll day has a way of sneaking up on you. That means no more access to payroll, payments, online banking, live supportor even security updatesas of yesterday. And when payroll is late or unreliable, it doesnt just hurt moraleit erodes trust. Are the numbers right? Is everyone getting paid on time?

payroll 88

payroll quickbooks CPA Tax 88

Going Concern

OCTOBER 17, 2024

ACCOUNTING CANDIDATES FTE Accounting / Bookkeeping | Candidate ID #18014117 Certifications: QBO ProAdvisor, Xero Certified Education: BA, MBA Accounting Experience (years): 9+ years accounting experience Work experience (detail): Currently a Senior Bookkeeper/Team Lead with a public firm 5+ years managing outsourced accounting for multiple clients (..)

Real Estate 64

Real Estate accountant Account accounted 64

RogerRossmeisl

DECEMBER 31, 2023

In general, anything of value that you transfer to an employee is included in his or her taxable income (and, therefore, subject to income and payroll taxes) and deductible by your business. The post Giving Gifts and Throwing Parties Can Help Show Gratitude and Provide Tax Breaks appeared first on Roger Rossmeisl, CPA.

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Tax payroll tax payroll CPA 199

Going Concern

OCTOBER 10, 2024

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID # 22574493 Certifications: EA in process Education: BA Business Experience (years): 20+ years accounting experience Work experience (detail): Currently Accountant & Office Manager at a CPA firm Full cycle accounting, reconciliations, financial reporting AP/AR, payroll processing and quarterly (..)

Real Estate 59

Real Estate accountant Account accounted 59

RogerRossmeisl

NOVEMBER 13, 2022

Employers don’t have to pay payroll taxes on HSA contributions made by employees through. The post 2023 Limits for Businesses that Have HSAs appeared first on Roger Rossmeisl, CPA. Distributions from HSAs to cover qualified medical expenses aren’t taxed.

payroll tax 183

payroll tax payroll CPA Tax 183

Shay CPA

JUNE 11, 2025

Often, the first move is a flashy system overhaul: switching general ledger (G/L) platforms, bringing in new payroll software, or replacing the expense management tool. Your accounting firm or CPA likely has to rework how they process invoices, handle reconciliations, and compile financial statements. Shay CPA P.C. 

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Going Concern

OCTOBER 24, 2024

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22557459 Certifications: EA, Intuit Tax Academy Education: MBA Accounting, JD Experience (years): 6 years of overall experience Work experience (detail): Tax senior with a national tax service International tax experience National client tax practice Adept at tax research Client niches: (..)

Real Estate 59

Real Estate accountant Account accounted 59

Shay CPA

APRIL 28, 2025

Payroll Deductions: Employers are responsible for facilitating payroll deductions and ensuring that contributions are deposited into the designated retirement plan in a timely manner. Human Interest : Designed for small businesses, with automated payroll integration, employee education, and low administrative costs.

New York 52

New York payroll New Jersey CPA 52

CPA Practice

APRIL 15, 2024

NLP integrates data analytics tools, identifies patterns, and performs predictive analysis, enabling CPAs to offer expert financial advice to their clients. The accounting profession is moving beyond bookkeeping and payroll activities and has taken a turn toward strategizing for future businesses. What is next?

CPA 122

CPA Technology accounting and finance cpas 122

Going Concern

NOVEMBER 7, 2024

Sign up now to view the complete candidate list and connect with potential hires.

Real Estate 52

Real Estate accountant Account accounted 52

CPA Practice

APRIL 24, 2025

Payroll Integrations, a benefits automation provider, has introduced a new technology partnership with UKG, a leading global provider of HR, payroll, and workforce management, and culture solutions.

payroll 76

payroll Technology 76

Going Concern

JUNE 5, 2025

TAX & ACCOUNTING CANDIDATES FTE Tax and Accounting / Senior | Candidate ID #18173947 Certifications: CPA Education: BBA Finance Experience (years): 5 years accounting and tax experience Work experience (detail): All in public accounting 6 tax seasons experience, 3 working remotely Prepared complex returns for HNWIs, partnerships, S and C Corps (..)

Real Estate 52

Real Estate Tax accountant Account 52