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Florida Man Gets 6 Years for PPP Fraud

CPA Practice

A Broward County, Florida, man convicted of buying a Lamborghini and other luxury goods with $2 million in U.S. It’s not the Lamborghini or the million dollar home that will inspire the world but the trials and tribulations you overcame,” Barosy, who was born in Haiti and immigrated to South Florida as a teen, wrote in one post.

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Florida Woman Sentenced for Pandemic Loan Fraud, Leased a Bentley with Funds

CPA Practice

The relief programs became targets for fraudulent activity because the loans were guaranteed and then mostly forgiven by the SBA as long as the funds were properly used for overhead, mainly payroll for employees.

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Payroll trends to watch in 2022 (Part 1)

ThomsonReuters

Part 1 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including worker classification, COVID-19 vaccine mandates, and wage and hour. Read part 2 for more 2022 payroll trends. Florida’s current minimum wage is $10 per hour, with a cash wage for tipped employees of $6.98

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An Employer’s Guide to Multi-State Payroll Tax Withholding for Remote Workers

Anders CPA

Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees.

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How Miami Became a Hub of PPP Fraud After Pandemic

CPA Practice

It was a free-for-all,” said Michael Brown, an FBI supervisory special agent who heads a financial crimes squad in South Florida. South Florida was a fraudster’s feast. He also claimed his company’s payroll was $1,035,091 in the previous year on an IRS tax form. All kinds of people were dipping in. Criminals cashed in.

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Payroll Considerations: When an Employee Dies

ThomsonReuters

Note that the following states do not have a state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. . For federal withholding, see Payroll Guide ¶3820, for W-2 reporting, see Payroll Guide ¶4260 , for 1099-MISC reporting, see Payroll Guide ¶4268.

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Payroll Taxes for an Employer: How Is Payroll Tax Calculated?

Snyder

Payroll taxes 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 payroll tax payments. So how is payroll tax calculated? What is a payroll tax?