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Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

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The Benefits of Delayed Business Filings

CPA Practice

Incorporating at the End of the Year The primary advantage of incorporating before the end of the year is your clients can then take advantage of the tax benefits owning a corporation offers, including writing off the costs of incorporating on this year’s taxes.

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ARPA Close-up: COBRA Premium Subsidy

ThomsonReuters

Employers were reimbursed with a payroll tax credit or a refund if the cost exceeded their tax liability. Credits were claimed through Form 941, the quarterly employment tax return. The credit will be against the employer’s share of Medicare tax. in February. Possible state amendments to existing mini-COBRA laws.

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Federal Paid FMLA May Be Out While States Consider Possibilities

ThomsonReuters

The proposed Idaho Paid Family Leave Act seeks to provide PFML to public and private employees of up to two-thirds of an employee’s earnings for 12 months for parental leave, three months for maternity leave, three months for family medical leave or six months in the case of a child, and six months for end-of-life care for a family member.