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EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false incometax returns. million payrolltax scheme.
At the forefront is the “One Big Beautiful Bill Act,” a high-profile legislative package that could redefine payrolltax policy by permanently extending key provisions of the Tax Cuts and Jobs Act (TCJA) and introducing new exemptions for overtime pay and employee tips. Beyond Capitol Hill, the U.S.
Jason Bramwell Former Missouri congressman Billy Long was sworn in as the 51st commissioner in the history of the IRS on June 16, saying transforming the culture at the tax agency is at the top of his to-do list. an Arkansas-based oil and gas company, which Democrats said offered non-existent “tribal tax credits.”
Before adjusting for seasonal factors, initial claims plummeted by more than 45,000, led by big states like New York and California, as well as in Michigan, Missouri and Ohio—which are home to car factories. With assistance from Chris Middleton.
The Missouri National Education Association filed a lawsuit this summer to block $51 million in state appropriations to private school scholarships through the MOScholars program. A spokesperson for the Texas comptroller’s office said that details are still being finalized; the state has issued a request for proposals due Aug.
In 2025, there are several updates to various payrolltax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, the minimum wage is increasing in Missouri and Illinois. Some states may require online filing unemployment reports and electronic payment of the taxes due.
In 2024, there are several updates to various payrolltax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, minimum wage is increasing in Missouri and Illinois. Social Security Tax Withholding For 2024, the Social Security tax wage base for employees will increase to $168,600.
This changing employment landscape requires employers to reassess their payrolltax 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.
The aim is to: “address potential problems remote workers are facing during the COVID-19 pandemic, including the possibility of having their state incometaxes become out of balance because they worked from home in a different state than their ordinary place of employment.”.
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