article thumbnail

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.

article thumbnail

The Benefits of Delayed Business Filings

CPA Practice

She is the CEO of CorpNet , the most innovative way to start a business, register for payroll taxes, and maintain business compliance across the United States. Generally, a company can choose a “future effective date” 30 to 90 days out. Nellie Akalp is a passionate entrepreneur, recognized business expert, and mother of four.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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. What’s on the horizon?

Hawaii 98
article thumbnail

Federal Paid FMLA May Be Out While States Consider Possibilities

ThomsonReuters

The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. 2022, H447 ). . Proposed legislation ( L. 2022, H5029 ) seeks to establish a PFMLI program. Self-employed individuals may elect coverage.

article thumbnail

Heads Up! Payroll Changes Coming in July

ThomsonReuters

But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax. State by State Payroll Tax Changes. per hour for small employers, $9.00 per hour. .

payroll 72
article thumbnail

Top accounting issues in 2023

ThomsonReuters

Solution: To help ensure that a firm’s team can work more closely, consistently, and accurately with clients, consider a full-service payroll solution that delivers such features as: Faster new client setup. An in-depth library of federal, state, and local forms to facilitate payroll tax processing. Batch-style data entry.

account 52