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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. Now, let’s dive into handling business expenses paid by employees. Thus, you’re supposed to pay the equivalent sales tax in the form of use tax and file a separate tax return for this purpose.

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Last Week in Payroll: Localization of Work

ThomsonReuters

The IRS has posted a June 2021 draft version of the Form 941 , Employer’s Quarterly Federal Tax Return, instructions that take into account the amended and expanded coronavirus (COVID-19) pandemic tax credits and the new COBRA premium assistance credit from the American Rescue Plan Act (ARPA). Federal News.

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??Tax Attorney Weighs In on Payroll Tax Provisions in FY 2024 Budget?

ThomsonReuters

Also, he clarified that the statutes of limitation relating to employment tax returns do not restart for purposes of IRS assessment when an amended return is filed. 31, 2025 the Work Opportunity Tax Credit under  Code Sec. 31, 2022 the employer credit for paid family and medical leave under  Code Sec.