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Top 10 States for Credits and Incentives Opportunities

Cherry Bekaert

However, all job creation incentives typically require: 1) A minimum net job increase 2) Maintained jobs 3) Operations in certain industries or activities Jobs Tax Credits may be claimed on a retroactive basis in Georgia, South Carolina, Mississippi, Tennessee and Virginia in any open tax years.

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South Carolinians Get Tax Relief Following Tropical Storm Idalia

CPA Practice

By Katelyn Washington, Kiplinger Consumer News Service (TNS) Following Tropical Storm Idalia, the IRS has granted tax relief to South Carolina residents impacted by the storm. The relief includes certain extended federal tax filing and payment deadlines. Some state tax filing and payment deadlines have also been extended.

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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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Georgia Taxpayers in 28 Counties Get Extension Due to Hurricane Idalia

CPA Practice

15, 2024, to file various federal individual and business tax returns and make tax payments. This is similar to relief already being provided in Florida and South Carolina. Quarterly estimated income tax payments normally due on Sept. Quarterly payroll and excise tax returns normally due on Oct.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

Wade is accused of failing to perform the work he’d been paid for by multiple clients, which included bookkeeping, tax preparation and filing, payroll work, and more, according to police. lived in Lexington at the time but later moved to South Carolina. Fike, of Winchester, did bookkeeping work for J.M.

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Last Week in Payroll: The Ides of March

ThomsonReuters

March 15 used to be a day some might beware of for tax reasons because from 1918 to 1954 this date was the income tax filing deadline. Now, let’s take a look at this past week in payroll and go over a few of the more interesting stories buzzing about in the industry. In the U.S., Federal News.

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Legal analysis: Implications of state tax exclusion of overtime wages for employers and employees

ThomsonReuters

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.