CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. High-income earners may be subject to an additional 0.9%

payroll tax 110

payroll tax West Virginia payroll cpas 110

Cherry Bekaert

APRIL 22, 2024

individual states offer unique tax credits and negotiated incentives to attract or retain business operations. To qualify for payroll or cash refunds, the company must file an application and receive approval from the state prior to creating the new jobs. Throughout the U.S., The incentive amount varies by location and industry.

South Carolina 105

South Carolina North Carolina Mississippi Tennessee 105

Patriot Software

OCTOBER 14, 2022

If you have an employee in Ohio, you need to include the Ohio school district number on Form W-2. The Ohio Department of Taxation is requiring this change to help reduce the number of reporting errors on individual income tax returns. Form W-2 reporting requirement in Ohio […] READ MORE.

Ohio 67

Ohio income tax tax return Tax 67

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

JUNE 22, 2021

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Beginning July 1, new forms will be used to report withholding tax. On July 1, the minimum wage increases to $9.00 New Mexico. per hour. .

payroll 72

payroll Virginia Utah West Virginia 72

PYMNTS

MAY 22, 2020

Under the terms of the CARES Act, businesses don’t have to repay the loan if they spent at least 75 percent of the proceeds on payroll and no more than 25 percent for other items. They have low payroll and high overhead expenses.”. As a result, most of their receipts will constitute net income.”.

Ohio 99

Ohio payroll income tax tax return 99

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? What is indirect tax? Direct tax and indirect tax. The differences between direct tax and indirect tax are important to understand. The differences between direct tax and indirect tax are important to understand. Direct tax is progressive in nature.

Tax 52

Tax income tax Oregon Ohio 52