Remove Expense Reimbursements Remove payroll Remove Tax
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Errors in Posting Payroll

SMBAccountant

Almost every business has some sort of payroll to pay their employees. Payroll can become much more complicated than some assume and it often has a substantial impact on financial results. The largest expense for many businesses is their labor expense, yet it’s often the most misunderstood.

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Tax expert advises “be prepared early” for potential TCJA changes

ThomsonReuters

tax system, including provisions affecting both individuals and businesses. Among these were several payroll-related provisions that are set to expire at the end of 2025, presenting challenges and opportunities for employers and employees alike. Director of Federal Tax Quality Control at Aprio, began.

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Last Week in Payroll: Localization of Work

ThomsonReuters

The guidance is aimed at helping multi-state employers determine to which state wages should be reported and unemployment taxes paid. Being familiar with the DOL’s “localization of work” provisions may be helpful to employers that want to make sure wages are reported and unemployment taxes are paid to the correct state.

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This Shady Chattanooga Accounting Firm Just Went Down in Flames and Still Owes Staff Months of Pay

Going Concern

Chattanooga Times Free Press has written quite the story about legacy accounting firm Croft & Frost abruptly laying everyone off earlier this week after months of issues making payroll. “There may be a slight delay on the payroll,” he said. Thanks to the tipsters who sent this over because holy s**t.

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How to Set Up Online Payroll for Your Small Business

xendoo

Doing payroll may not be your favorite part of running a business. If you haven’t yet, the first step is to learn how to set up payroll. Not only do you have to calculate wages, but you must also account for employment taxes—income, Social Security and Medicare. How to Set Up Payroll. Collect the Proper Information.

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Understanding Accountable Plans

Withum

It is common for business owners and employers to reimburse employees for out-of-pocket expenses incurred when performing their job functions. However, not all expenses are reimbursed. Expenses paid under an accountable plan are not treated as income to the employee. What is an accountable plan?

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Expense Reimbursement vs Company Credit Cards: What Skagit County Business Owners Need to Decide

SkagitCountyTaxServices

You probably didn’t realize that there are actual pros and cons to expense reimbursement for employees, etc. If you run such a business in Skagit County, or know somebody that does, funds are available to help with payroll and rent. Now, let’s dive into handling business expenses paid by employees.