Withum

OCTOBER 6, 2022

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 income tax extensions for victims of Hurricane Ian may require additional compliance procedures to avoid penalties. Who can obtain relief (i.e.,

Government 124

Government income tax tax return Florida 124

ThomsonReuters

FEBRUARY 12, 2021

Hello payroll professionals and welcome to the first edition of Last Week in PAYROLL. national wage rate – Florida even recently voted on a gradual $15.00 But one of the Service’s more anticipated annual publications was issued early last week – Publication 15 (Circular E) Employer’s Tax Guide. The Teleworking Issue.

payroll 95

payroll income tax California Hawaii 95

ThomsonReuters

FEBRUARY 9, 2022

Part 2 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including unemployment, disaster relief, paid sick leave, and international. This results in employers paying more in FUTA taxes. Virgin Islands is currently the only tax jurisdiction that is a FUTA credit reduction state.

payroll 98

payroll California Connecticut Tax 98

MyIRSRelief

JULY 3, 2023

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. Understanding ERC IRS Audits 1.1 What is an ERC IRS Audit? ERC IRS Audit Process 2.1 What Happens During an ERC Audit?

audit 130

audit North Carolina Oklahoma Ohio 130

CPA Practice

MARCH 26, 2024

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.

Real Estate 124

Real Estate Florida payroll Government 124

CPA Practice

SEPTEMBER 13, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in 28 of the state’s 159 counties in Georgia. 15, 2024, to file various federal individual and business tax returns and make tax payments. Quarterly estimated income tax payments normally due on Sept.

Georgia 105

Georgia South Carolina income tax tax return 105

ThomsonReuters

MARCH 22, 2021

Keeping Up with Taxes. The legislation levied a direct tax on the American Colonies in an effort to pay off debts and defend new American territories won from the French in the Seven Years’ War. So, why the brief history lesson on American Colony taxes? For payroll, in particular, there are a number of taxes.

payroll 52

payroll Tax Arkansas Texas 52

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

business tax 52

business tax Tax income tax payroll tax 52

Going Concern

SEPTEMBER 25, 2023

Court records show that Urban is currently in custody in Florida, serving a prison sentence for defrauding a previous employer of more than $283,000, and using the embezzled money to pay for court-ordered restitution for a prior embezzlement. Tracy Mitchell, the owner of House of Deals, Inc., and House of Furniture and Mattress, Inc.,

tax preparation 95

tax preparation Gambling Account accountant 95

CPA Practice

APRIL 17, 2023

While the economy and supply chains may still have some hiccups related to the end of the pandemic, one thing is clear: The demand for the services of accounting, finance and tax professionals is growing strong. The result: Drake wins this category again this year, showing the loyalty many professionals have for this company’s tax systems.

quickbooks 130

quickbooks payroll Technology audit 130

xendoo

MARCH 17, 2022

Xendoo offers business owners 24/7 access to their financial statements and tax returns in their customer portal. At Xendoo, each team member works under one roof in our Fort Lauderdale, Florida office. Tax-Ready Financials. Important deductions could be missed in the rush to meet the tax filing deadlines.

bookkeeping 98

bookkeeping bookkeeping software quickbooks bookkeeping services 98

LyfeAccounting

MAY 18, 2021

Or why they think they can get away with lying about businesses and employees when there are so many ways to easily invalidate their loans such as: payroll taxes and. previously filed business returns. million dollars in PPP funding for the business Cars Direct and used fraudulent tax forms to support his application.

Florida 71

Florida tax return Washington Maryland 71

inDinero Tax Tips

MARCH 13, 2023

Your profits have increased steadily over the years, and so has your self-employment tax bill. An LLC’s profits and losses pass straight through to the owners and are taxed as part of their income. In contrast, the profits you earn in an S corp are taxed separately. What is an S Corp?

income tax 52

income tax Non-Profits payroll tax Tax 52

inDinero Tax Tips

MARCH 13, 2023

Your profits have increased steadily over the years, and so has your self-employment tax bill. An LLC’s profits and losses pass straight through to the owners and are taxed as part of their income. In contrast, the profits you earn in an S corp are taxed separately. What is an S Corp?

income tax 52

income tax Non-Profits payroll tax Tax 52

PYMNTS

SEPTEMBER 23, 2019

She also submitted a false tax return in 2016, omitting those funds as income. The investment firm Dapco LTO Investment, based in Florida, invested $3 million in Enerblu. million in total funding, and executives had tens of thousands of dollars in reimbursed expenses and put relatives on the payroll.

Oklahoma 49

Oklahoma Kentucky Florida Maryland 49

LyfeAccounting

JANUARY 19, 2021

million from a Florida ministry in a PPP fraud case. The PPP loan is for payroll and other qualified expenses. They may ask for personal tax returns, bank statements, pay stubs, etc. If you cut payroll or make pay decreases, those will likely affect the forgiveness amount of your loan. Feds recently seize $8.4

payroll 52

payroll Florida tax return accounting and finance 52