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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. Social Security Tax : Employers and employees each contribute 6.2%

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

Contact us for professional tax help today! During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. What Skills Should I Look for in a Tax Professional for ERC Audit Representation? Understanding ERC IRS Audits 1.1

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Fundamentals of Co-op Taxation — A “Must Watch” NSAC Webinar, 4/19/23

Nancy McClelland, LLC

What better way to relax after Tax Day than by watching a webinar on an unfamiliar area of taxation, right? To operate on a cooperative basis for tax purposes, a company must meet specific tax rules in Subchapter T of the Internal Revenue Code. Field of Study: Taxes Program Level: Basic CPE Credit: 1.5

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Friday Footnotes: Remembering Legend Sid Kess; Andersen’s Doing Great; Poland Banned Deloitte From Auditing? | 9.22.23

Going Concern

People Ken Miller set to retire after more than three decades of service [ Virginia Tech ] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. In addition to his new role, he will continue to serve as co-director of the firm’s DC-Metro tax practice.

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Accounting Thought Leaders Discuss the Real Impact of AI on Accounting Firms

CPA Practice

Summarizing the survey data he’s seen regarding the current and pending state of generative AI adoption, Oliver noted that 50% of executives stated they are currently using AI in their finance and tax departments already, and 29% say they have plans to do so in the next year. So it was a very manual process to keep tax databases up to date.

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Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

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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

Top Remote Accounting Candidates: February 22, 2024 Law & Order Co-Owner of Media Brokerage Firm Sentenced for Filing False Tax Returns [ Department of Justice ] According to court documents and statements made in court, Susan K. From 2012 to April 2018, according to the criminal information document signed by U.S.

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