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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. for both employees and employers.

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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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4 Tips on Managing a Multigenerational Workforce

CPA Practice

The urgent message for CPA firm leaders is this: It’s already tough hiring and retaining CPAs , and the risk of losing staff at all levels of experience is high. Saah earned a finance degree from Virginia Tech.

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Ecommerce Accounting 101

xendoo

Integration: It’s easy to link directly with bank and credit card accounts, inventory, and payroll systems. Your business should also apply for an Employer Identification Number (EIN) for tax and payroll purposes. There are 12 origin-based states, including New Mexico and Virginia. How do you do eCommerce accounting?

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Friday Footnotes: CPA Says Stop ERC Fearmongering; Deloitte Cussed Out For ‘Grueling Culture’; Worst Books Ever | 2.23.24

Going Concern

Attorney Damian Williams, George Sanossian agreed to conceal clients’ personal incomes and the wages they paid their employees, to reduce federal income taxes and payroll taxes. Office Space Big Four accounting firm moves office from Norfolk to Virginia Beach Town Center [ The Virginian-Pilot ] KPMG, the U.S.

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Friday Footnotes: KPMG Hires Ex-Prisoners; Notes From PwC’s All-Hands; Why CPAs Are Leaving | 4.26.24

Going Concern

Accountant Shortage PIPCA Survey Sheds Light on What Existing CPAs Want and Why Some are Leaving [ INSIDE Public Accounting ] Accounting firm business models need to change to retain and attract CPAs amid the worst talent shortage in recent history, the Pennsylvania Institute of Certified Public Accountants (PICPA) asserts in a new survey.

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