Shay CPA

MAY 1, 2024

And while you might think this is a newer issue that you can work around because state tax laws aren’t yet firmed up, think again. All the way back in 2012, a remote worker/taxable nexus case went before the New Jersey Superior Court. In Telebright Corp. Again, this hinges on state law, and it can get complicated.

Tax 52

Tax income tax New Jersey Education 52

Anders CPA

MAY 15, 2023

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.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

ThomsonReuters

FEBRUARY 9, 2022

Part 2 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including unemployment, disaster relief, paid sick leave, and international. This comes to an additional $21 in FUTA tax per employee to the $7,000 annual taxable wage base. The guide also contains information on FUTA taxes.

payroll 98

payroll California Connecticut Tax 98

CPA Practice

OCTOBER 18, 2023

Some key factors to evaluate include: Tax rates Tax rates vary widely across states. Some states have higher corporate income tax rates, while others offer lower rates or no tax at all. Property tax rates can vary significantly, impacting the cost of owning or leasing business space.

business tax 59

business tax Tax Alaska South Dakota 59

xendoo

JANUARY 16, 2023

How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. The term refers to when the IRS taxes the same income twice—once at the corporation level and again on an individual shareholder’s personal income tax.

business tax 52

business tax Tax income tax payroll tax 52

Shay CPA

DECEMBER 7, 2022

Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts. State franchise and income tax accounts. New Jersey. New York (and New York City, in particular). Workers’ compensation. Washington.

tax accountant 59

tax accountant Tax tax return Account 59

CPA Practice

NOVEMBER 1, 2023

Some of the highest-income areas in the country, including Connecticut and the District of Columbia, were in the bottom 10 for income growth. New Jersey and New York weren’t far ahead. Those states still have among the highest incomes, though. 3 for personal income per capita overall at $86,674, from No.

North Dakota 52

North Dakota South Dakota Utah Connecticut 52

Snyder

DECEMBER 6, 2022

It included a money aid, or PPP loan, for small businesses to cover payroll expenses when no revenue hits the balance. The loan-covered period comprised either 24 or 8 weeks, during which they could rely on the funds to cover their payroll costs. In 2020 the US government launched the Paycheck Protection Program.

payroll 52

payroll Maine Tax Mississippi 52

ThomsonReuters

JULY 13, 2021

The IRS requires the payer of certain income payments to be reported on information returns (e.g., Generally, the payer does not withhold taxes from these types of payments, as it is assumed that the payee will report and pay taxes on this income when the federal income tax return is filed. Federal News.

payroll 98

payroll income tax Vermont tax return 98

ThomsonReuters

FEBRUARY 9, 2022

Part 1 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including worker classification, COVID-19 vaccine mandates, and wage and hour. Read part 2 for more 2022 payroll trends. Now, in New Jersey, state law dictates the ABC test to be used to determine worker classification.

payroll 110

payroll New Jersey Florida Hawaii 110

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware does tax companies. The amount of franchise tax and how each state calculates the tax varies. Delaware’s franchise tax is no less than $175 and no more than $200,000 annually.

Delaware 64

Delaware Wyoming Nevada Oregon 64

ThomsonReuters

APRIL 24, 2024

Checkpoint Payroll Update caught up with John Wertz, tax attorney and partner at Holland & Knight’s New York office, to discuss this first-of-its-kind law. Wertz, a veteran in state and local taxes for over 30 years, explained that the law applies only to full-time hourly employees.

West Virginia 52

West Virginia Alabama Legal Tax 52

ThomsonReuters

DECEMBER 14, 2020

Three COVID-19 relief bills enacted in 2020 had wide-ranging tax implications for companies, Oaks noted—the CARES Act, the Families First Coronavirus Response Act, and the Paycheck Protection Program Flexibility Act. This worker classification is expected to be model for other states, Oaks said.

business tax 94

business tax Tax Montana New Hampshire 94