CPA Practice

JULY 24, 2025

Raising the slot tax reporting threshold to $2,000 and indexing it to inflation is a long-overdue modernization that reduces regulatory burdens and improves the customer experience,” said Chris Cylke, senior vice president of government relations for the American Gaming Association, the Washington D.C.-based based trade organization.

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MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems.

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MyIRSRelief

DECEMBER 6, 2024

This expertise is particularly valuable in a city like Los Angeles, where the stakes can be highwhether its a celebrity facing an audit or a small business owner juggling payroll taxes in the shadow of Universal Studios Hollywood.

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CPA Practice

APRIL 28, 2023

Like salaried wages, tips are subject to income and payroll taxes. Waiters, for instance, are technically required to report tips to their employer, who then withholds and pays the proper taxes. The SITCA program will track tips automatically and doesn’t require a tax reporting commitment from employees.

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CPA Practice

DECEMBER 19, 2023

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. She is the CEO of CorpNet , the most innovative way to start a business, register for payroll taxes, and maintain business compliance across the United States.

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MyIRSRelief

DECEMBER 2, 2024

The Benefits of Outsourcing Bookkeeping for Small Business Growth Outsourcing bookkeeping has become a game-changer for small businesses looking to streamline operations, cut costs, and focus more on growth.

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CPA Practice

JUNE 10, 2024

Taxes would be straightforward and predictable, filing and administration costs would fall, the rules would be much harder to game—and, crucially, more revenue could be raised even with lower marginal rates. What’s needed it the courage to reform a dysfunctional system. _ (1) These are federal income taxes. Cuts aren’t cures.

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CPA Practice

APRIL 24, 2023

Like salaried wages, tips are subject to income and payroll taxes. Waiters, for instance, are technically required to report tips to their employer, who then withholds and pays the proper taxes. The SITCA program will track tips automatically and doesn’t require a tax reporting commitment from employees.

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Shay CPA

OCTOBER 18, 2023

The Inflation Reduction Act of 2022 has brought some significant amendments to the R&D Tax Credit, making it more accessible and beneficial for qualified small businesses (QSBs). The Basics The R&D Tax Credit, or IRC 41, offers taxpayers a credit against income tax for qualified research expenses (QREs).

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Withum

FEBRUARY 29, 2024

Of course, our focus for this article is to analyze the Federal and State(s) tax effect to Ohtani over the life of his deferred contract including the deferred payments he is to receive over the 10 years after the contract has expired. Let’s start with his federal payroll tax liability.

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Going Concern

JULY 14, 2023

Earlier: EY and PwC Among the Many Entities Caught Up in the MOVEit Cybersecurity Breach Ransom Practice What CPAs Need to Know about Employee Retention Credit Fraud [ The CPA Journal ] Most taxpayers have likely received a solicitation recently claiming that they may be entitled to thousands of dollars in employee retention tax credits.

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Withum

FEBRUARY 29, 2024

Of course, our focus for this article is to analyze the Federal and State(s) tax effect to Ohtani over the life of his deferred contract including the deferred payments he is to receive over the 10 years after the contract has expired. Let’s start with his federal payroll tax liability.

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ThomsonReuters

MARCH 6, 2024

Employers who did not claim the ERC on an originally filed quarterly payroll tax return in 2021 can claim the credit by filing an amended return for each quarter for which they were eligible for the credit. Employers who file an annual payroll tax return can file an amended return using Form 944-X or 943-X to claim the credits.

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xendoo

JUNE 24, 2021

It also comes with high penalties if you make mistakes in calculating payroll taxes, or don’t file the taxes on time. Payroll services are generally affordable, and can often be bundled with other accounting services. Xendoo offers packages that include payroll processing for a budget-friendly flat monthly fee.

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ThomsonReuters

JANUARY 4, 2024

It’s tax season and instead of a five-day workweek, your firm expects you to be in the office on Saturdays from 8 a.m. That coincides with your son or daughter’s soccer games, throwing your work-life balance into disarray. Poor management.

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Analytix Finance & Accounting

JUNE 23, 2023

For instance, the IRS offers a variety of tax credits for businesses, including the Research and Development (R&D) Tax Credit , which will double from $250,000 to $500,000. The Cost of Missed Tax Benefits: According to a study by Statista , the total revenue of the U.S. government totaled around 4.89 trillion U.S.

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ThomsonReuters

DECEMBER 11, 2020

Publication 15-T also describes how to figure withholding using the wage bracket method or percentage method, describes the alternative methods for figuring withholding, and provides the Tables for Withholding on Distributions of Indian Gaming Profits to Tribal Members.

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SkagitCountyTaxServices

DECEMBER 8, 2021

Now I get it … the rush of customers and clients, strange hours, extra errands: It’s a tough time of year to think about tax. If you want to talk all of this through and get ahead of the game while you can, we’re right here: 360-424-1040. Year End Business Tax Strategy #2: Timing’s everything.

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LyfeAccounting

JANUARY 25, 2021

I’ve been through it all, from trying to figure out how to do payroll for my very first employee, to figuring out how much I should pay my employees. I’ve paid thousands of dollars in payroll tax penalties. What’s the Easiest Way to Set-up a Payroll System? Let me first describe the payroll process.

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Basis 365

APRIL 13, 2023

In addition, you don't have to worry about overhead costs or dealing with payroll taxes and benefits. Outsourced bookkeeping can be a game-changer for your business. With outsourced bookkeeping, you only pay for the services you need, and you can scale up or down depending on your business requirements.

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Withum

MAY 17, 2022

Whether you are running a Software-As-A-Service (SAAS) company, starting up in AdTech or setting up a cryptocurrency strategy for your business, here are some tips and best practices for technology entrepreneurs to navigate current trends, opportunities and challenges to stay ahead of the tech game. Take advantage of tax credits.

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LyfeAccounting

NOVEMBER 10, 2020

Whether you’re new in your business or seasoned in the game, I’m pretty sure increasing your profits is something that you’re really interested in. Payroll Tax. ?. In today’s post, I’ll be going over ways you can increase profit in your business. You might even be obsessed with the idea. ACTIVITIES. % OF REVENUE ALLOCATION.

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inDinero Accounting

JANUARY 9, 2023

As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes. First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about.

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inDinero Accounting

JANUARY 9, 2023

As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes. First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about.

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KROST

JANUARY 11, 2021

Eligible entities (that meet other eligibility requirements) include hospitals owned by government entities, businesses that receive revenue from legal gaming, electric, telephone and housing cooperatives, and destination marketing organizations 3. Affiliation Rule Exceptions.

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Going Concern

AUGUST 23, 2024

PwC’s tax-leaking wrecking ball swung into his firm, but it’s the second-order damage that means things will never be quite the same in the professional services game. Mayer Hoffman McCann ] Mayer Hoffman McCann P.C. Take the recent necessary and embarrassing public discourse about the take-home pay of its top strivers.

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CPA Practice

AUGUST 20, 2024

There’s another important distinction about tips and taxes: Even when workers don’t have a federal income tax obligation, workers and their employers must pay federal payroll taxes, which fund Social Security and Medicare programs. It’s difficult to see Harris applying the exemption to the payroll tax.

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SkagitCountyTaxServices

DECEMBER 1, 2021

If you want to talk all of this through and get ahead of the game while you can, we’re right here: 360-424-1040. For your business (whether it’s a pass-through entity like an LLC or a C-corp, etc.) You’re not alone in asking this. A lot of people are asking the same question.

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SchoolofBookkeeping

MAY 13, 2025

Here’s why passkeys are a game-changer for accountants: Stored Securely on Your Device : Unlike passwords, passkeys are saved locally on your device and never shared with websites or apps, making them virtually impossible to steal. Think of them as your digital bodyguard, ensuring that only you can access your Intuit Account.

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