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Tax expert advises “be prepared early” for potential TCJA changes

ThomsonReuters

tax system, including provisions affecting both individuals and businesses. Among these were several payroll-related provisions that are set to expire at the end of 2025, presenting challenges and opportunities for employers and employees alike. Director of Federal Tax Quality Control at Aprio, began.

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Going, Going…Gone: Will Medicare Tax Liability Strike Out Shohei Ohtani’s Annual Salary?

Withum

Ohtani and the Dodgers want to win a World Series, Ohtani wants to be paid at the highest market value for his talent and the Dodgers would like to retain as much payroll flexibility as possible, so the team can be competitive in the future. Let’s start with his federal payroll tax liability.

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Shohei Ohtani’s Deferred Compensation Comes With Shocking Tax Obligations

Withum

Ohtani and the Dodgers want to win a World Series, Ohtani wants to be paid at the highest market value for his talent and the Dodgers would like to retain as much payroll flexibility as possible, so the team can be competitive in the future. Let’s start with his federal payroll tax liability.

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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. Administrative considerations: If administrative or logistical challenges could cause delays, planning for a later filing date may provide the necessary time to address and overcome these issues.

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3 Tips to Help Improve Business Financial Confidence

CPA Practice

Even when your business is at the top of its game, a solid short-term funding option means you can add staff, increase inventory, and seize on a big opportunity. But managing your business’s finances yourself is time-consuming and accounting or tax mistakes can have especially nasty and costly consequences.

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Your small business tax time questions answered

Xero

Because running a business is complex, and without the guidance of a qualified professional, things like tax, payroll and compliance could land you in hot water. How do I know if I’ll end with a tax bill or a tax refund? Before 30 June, it’s a good idea to get in touch with your advisor to start tax planning.

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Exploring Different Types of Equity Grants

Shay CPA

Or did they play it safe with payroll and hope their team could do what they needed? Fortunately, equity grants have completely changed the game. Employee stock purchase plans (ESPPs): This program lets employees use payroll deductions to buy company stock at a discounted price.

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