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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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Payroll Tax News Updates: April 2024

CPA Practice

Although he wasn’t involved with payroll, he had check-signing authority over one bank account used solely to buy parts for the business. Now a district court in Pennsylvania has determined that he isn’t a responsible person (Powell, Civil Action No. But the manager wasn’t aware of the company’s failure to pay employment taxes on time.

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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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New Washington State Payroll Tax Targets Long-Term Care Expenses

CPA Practice

Now, a first-of-its-kind state payroll tax aims to assist eligible families with a significant challenge—long-term care costs—through a Washington Cares program. Will other states, like California, implement similar initiatives involving payroll tax deductions? Those payroll deductions started last year, July 1, 2023.

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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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Monday Morning Accounting News Brief: EY Sucks at Auditing; Accounting Headaches; KPMG Partner Banned | 7.25.22

Going Concern

Pennsylvania State Revenue Secretary Dan Hassel said scammers are sending letters that appear to be from the state tax office demanding that businesses turn over their accounting records. Oh and ICYMI, the Journal of Accountancy podcast covered the top issues facing CPA firms , give it a listen.

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ERC Success Story: Auto Dealerships Save Millions

Cherry Bekaert

As a result, many dealerships were faced with a tough decision: keep their employees on the payroll despite lower revenues, or risk permanently losing their investment in their staff with temporary layoffs. Auto Dealership 1 Auto Dealership 1 is a franchised group of six automotive dealerships headquartered in Pennsylvania.