CPA Practice

DECEMBER 19, 2023

A delay allows business owners to specify a future effective date on their registration forms, granting them control over when their company officially becomes a legal entity. In a delayed filing, the business controls when the company officially becomes a legal entity. Let’s look at both options.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

MyIRSRelief

JULY 3, 2023

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. They can help implement internal controls, review payroll processes, and provide guidance to minimize the risk of errors or discrepancies in future ERC claims.

audit 130

audit North Carolina Oklahoma Ohio 130

ThomsonReuters

JULY 7, 2021

Constitution in 1913 that permanently legalized a federal income tax. In general, the federal income tax, Social Security tax, FUTA tax, Medicare tax, and Additional Medicare tax are considered employment or payroll taxes. Now let’s go over some of the more important payroll news stories from last week. Payroll tax relief.

payroll 59

payroll Tax income tax payroll tax 59