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Jason Bramwell Fort Lauderdale, FL-based accounting firm Alpine Mar has expanded its client offerings to include assurance services after acquiring Elliot Melamed PA, a boutique CPA firm in Coral Springs, FL.
Jason Bramwell Payroll June 30, 2025 Half of Managers Use AI To Determine Who Gets Promoted and Fired 78% use AI to determine raises, 77% for promotions, 66% for layoffs, and 64% for terminations.
Tyler Jones , an Audit & Assurance Services partner based in Dallas, has been named the head of Energy, and Scott McGurl , a Business Consulting principal based in Tampa, Florida, has been named the head of Healthcare.
The Key Award is given annually to one partner and one team member who exemplify the firm’s unique culture and values. These honorees lead by example and bring the firm’s purpose to life as they unlock the potential of their colleagues, clients, and communities.
EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false incometax returns. The tax loss totaled $356,881. Sentencing is Sept.
Burgess received her Bachelor of Science in accounting and finance from Florida State University and her Master of Science in accounting and taxation from Florida Gulf Coast University. Nocco earned a Master of Accountancy from Stetson University and is a licensed CPA in Colorado and Florida.
.: CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an incometax return. For a decade, he did not file federal incometax returns nor pay taxes owed despite earning more than $7.7 Philadelphia: Tax preparer James J.
Florida: Attorney William Kalish, Tampa, indefinite from Oct. During the 2016 through 2022 tax years, Gibson prepared at least 135 returns containing fraudulent information, causing a loss to the IRS of at least $125,197, which Gibson has agreed to pay in restitution. Englander, Westlake Village, indefinite from Oct.
Brown and other ghost preparers who worked with him falsified 63 federal incometax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds. He owned and operated We Are Taxes and boasted that "Everyone Gets a Check!" She also deducted a fee, typically some 6% of the payroll.
More than 300 team members who were attending a firmwide training event in Florida took time to build bicycles for local kids and families facing medical crises. Our culture at Forvis Mazars challenges us to be builders and build unrivaled relationships in our communities,” said Kevin Price, chief inclusion and sustainability officer.
It was later expanded to include 25 states, including California, New York, Florida, Texas, Illinois, North Carolina and Pennsylvania. Residents of these 25 states reporting W-2 wage income, Social Security income, retirement income, and other credits and deductions are able to use the free service.
Once the user enters their credentials, they are sent surreptitiously to the attacker’s server,” said Vlad Cristescu, the head of cybersecurity with ZeroBounce, a Florida company that helps businesses lower their rate of bounced marketing emails. Partnering with a managed payroll provider can save time, reduce risks, and help your firm grow.
In this white paper, we break down the key federal payroll laws, explore important compliance insights, highlight the role of technology, and provide practical tips for maintaining compliance. federal payroll compliance is an ongoing process that requires vigilance and dedication. Fill out the form below to access this resource.
But opting out could mean turning down federal dollars—education money that states with budding or robust private school voucher infrastructures, such as Arizona and Florida, will gladly take. ” Since 2020, private school choice programs—once limited to low-income or special needs students—have rapidly expanded.
1 Spot on CNBC’s Top States for Business List North Carolina bested Texas, Florida, Virginia and Ohio to finish No. 1 Spot on CNBC’s Top States for Business List North Carolina bested Texas, Florida, Virginia and Ohio to finish No. 1 on CNBC’s latest annual ranking of best states for business. Visit charlotteobserver.com.
Inevitably, your clients with growing businesses will want to hire, so you’ll be better able to help them if you have a clear understanding of the differences between SUI (state unemployment insurance) and SIT (state incometax) and how they affect your clients’ businesses. Some states require employers to pay additional payrolltaxes.
As accountants and CPAs, dealing with payrolltaxes is essential to managing finances for your business clients. Understanding the details of payrolltaxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. By Nellie Akalp. for both employees and employers.
On August 9, 2024, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in all of South Carolina, most of Florida and North Carolina, and part of Georgia that were affected by Hurricane Debby.
Sales tax holidays are limited periods, frequently weeks or weekends, where a state allows sales tax to be eliminated or reduced on categories of consumer products, sometimes with conditions attached. In Florida, Mississippi and Tennessee, breaks depended on price limits of items. National sales tax H.R.25
Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payrolltax complications. Multi-state payrolltax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees.
Last week, the Federal Government released guidance allowing certain federal tax filings and payments to be extended until February 15, 2023, for the victims of Hurricane Ian. The lack of state incometax extensions for victims of Hurricane Ian may require additional compliance procedures to avoid penalties. affected taxpayer)?
The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. 23 in Florida; Sept. 22, 2024, in Alabama; Sept. 24 in Georgia; Sept.
The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia. Relief periods vary by state.
OBannon The Florida Institute of Certified Public Accountants (FICPA) has named Karen Lake, CPA, CFST, as the 98th chair of the organization, effective July 1, 2025. Lake is a Director of Tax Services at Berkowitz Pollack Brant Advisors + CPAs, where she leads the firm’s State and Local Tax (SALT) practice.
ITEP estimated tax payments including sales and excise taxes, property taxes paid directly or on taxes folded into rent payments, and payrolltaxes, which are paid either through paycheck withholding or filing incometax returns.
The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. 15, 2024, to file various federal individual and business tax returns and make tax payments. Quarterly estimated incometax payments normally due on Sept. 15, 2023, and Jan.
Payrolltaxes can be daunting for employers to calculate and pay. With the numerous tax laws, regulations and compliance requirements, employers are required to be up-to-date on the latest regulations to ensure they’re making accurate and timely payrolltax payments. It is not intended to provide any tax advice.
On August 30, 2023, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in parts of Florida that were affected by Hurricane Idalia. 46 of Florida’s 67 counties were mentioned in the News Release, but others have been added since then. 15, 2023, and Jan. 31, 2023, and Jan.
15, 2024, to file various federal individual and business tax returns and make tax payments. This is similar to relief already being provided in Florida and South Carolina. The IRS noted, however, that because tax payments related to these 2022 returns were due on April 18, 2023, those payments are not eligible for this relief.
This changing employment landscape requires employers to reassess their payrolltax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.
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.
And now, the results are in: IN-FIRM TECHNOLOGIES Federal/State IncomeTax Preparation Insight : As was true in every year of voting, the tax prep system category is always the most voted-on, with nearly all respondents selecting a preferred system. We thank the more than 5,000 professionals who participated in voting this year.
So, why the brief history lesson on American Colony taxes? To illustrate the point that there are a lot of taxes to keep up with, even back in Colonial times. For payroll, in particular, there are a number of taxes. Is there interest on the late taxes? A number of those pages will directly affect payroll.
For example, in New York state, the top marginal incometax rate is nearly 9 percent, plus another 3 percent in New York City. Yet, in neighboring Connecticut, the top incometax rate is 7 percent. Other states, like Florida, may have no state incometax. Overcoming The Roadblocks.
Some key factors to evaluate include: Tax rates Tax rates vary widely across states. Some states have higher corporate incometax rates, while others offer lower rates or no tax at all. Property tax rates can vary significantly, impacting the cost of owning or leasing business space.
Some state tax filing and payment deadlines have also been extended. The tax deadline extension for South Carolina follows several other storm-related tax extensions, including a Floridatax deadline extension following Hurricane Idalia. Estimated tax payments originally due between Sept. 31, 2023, and Jan.
During a trip to Walt Disney World, a snowstorm in her homebase in Chicago gave her both an extra day in Florida and a new idea. Why not snowbird in Florida for the winter, and during this time scale back to only provide remote services to clients?
In November of 2021, Miami, Florida Mayor Francis Suarez responded to a tweet that asked who would be the first U.S. The IRS media relations representative explained on April 8, 2022 that the federal government does not currently accept virtual currencies for the payment of any federal taxes. employment taxes). Conclusion.
Across the 10 Texas cities SmartAsset analyzed, a $100,000 salary was worth an average of about $78,000 after taxes and adjusting for cost of living. Texas, along with other low-tax states like Florida, has seen an influx of new residents as remote work grants greater freedom to move to places where paychecks stretch further.
Download the guide to ensure your next payroll software platform is the right one. million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve? million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve?
Download the guide to ensure your next payroll software platform is the right one. million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces? million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?
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How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. The term refers to when the IRS taxes the same income twice—once at the corporation level and again on an individual shareholder’s personal incometax.
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