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. Medicare tax on wages exceeding certain thresholds.)

payroll tax

ThomsonReuters

JANUARY 30, 2023

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. The bill also calls for any unused PFMLI premiums to be reverted to the General Fund.

payroll

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

CPA Practice

JULY 12, 2023

Inevitably, your clients with growing businesses will want to hire, so you’ll be better able to help them if you have a clear understanding of the differences between SUI (state unemployment insurance) and SIT (state income tax) and how they affect your clients’ businesses. What is SUI Tax? The federal tax rate is a flat 6%.

income tax

MyIRSRelief

JULY 3, 2023

Contact us for professional tax help today! During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Understanding ERC IRS Audits 1.1 What is an ERC IRS Audit? ERC IRS Audit Process 2.1 What Happens During an ERC Audit?

audit

CPA Practice

JULY 3, 2024

If you’re thinking about offering payroll services or switching from your current payroll software, this guide can help you decide if it’s time for a change. It will also highlight the essential features your new payroll solution should have. Required) When are you considering a payroll software platform change?

payroll

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

CPA Practice

DECEMBER 19, 2023

Incorporating at the End of the Year The primary advantage of incorporating before the end of the year is your clients can then take advantage of the tax benefits owning a corporation offers, including writing off the costs of incorporating on this year’s taxes.

Rhode Island

Katz,Sapper&Miller

APRIL 26, 2019

In the aftermath of tax reform, more carriers are considering implementing per diem plans which can provide clear payroll and income tax savings. However, running afoul of the IRS’s accountable plan rules can jeopardize these savings.

Transportation

Going Concern

OCTOBER 20, 2023

The strategic acquisition also encompasses Mueller dotKonnect, a business process outsourcing firm specializing in finance, accounting, tax and payroll functions. LBMC is already Tennessee’s largest CPA firm, and was recently named a 2023 best tax and accounting firm by Forbes. This move, effective Nov.

CPA

CPA Practice

AUGUST 26, 2024

Download the guide to ensure your next payroll software platform is the right one. Download the e-book today and take the first step toward positioning your firm for success with the power of collaboration. Sign in or subscribe to get access to this free resource, and all of our whitepapers.

Rhode Island

CPA Practice

SEPTEMBER 20, 2024

Download the guide to ensure your next payroll software platform is the right one. IRIS works with thousands of CPA firms in North America, including 52 of the top 100 CPA firms in the US, and provides innovative solutions to serve accountancy customers in the North American market, making IRIS the go-to partner for CPAs.

Rhode Island

CPA Practice

OCTOBER 23, 2024

Email (Required) Number of Employees at Your Firm (Required) Number of Employees at Your Firm Sole Proprietor 2 To 4 5 To 9 10 To 19 20 To 49 50 Or More Full Name (Required) State / Province (Required) State / Province Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas (..)

Rhode Island

CPA Practice

SEPTEMBER 3, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use? million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use? million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use?

Rhode Island

CPA Practice

JULY 19, 2024

Download the guide to ensure your next payroll software platform is the right one. IRIS has over 100,000 UK and international customers, with 80% having a tenure of five or more years. Sign in or subscribe to get access to this free resource, and all of our whitepapers.

Rhode Island

PYMNTS

SEPTEMBER 23, 2019

She also submitted a false tax return in 2016, omitting those funds as income. Enerblu in turn existed simply as a firm domiciled in Kentucky that was, according to a suit, never more than “drawings on a piece of paper.” Separately, invoice fraud of course remains popular, as illustrated by a case in Silver Spring, Maryland.

Oklahoma

ThomsonReuters

JANUARY 24, 2022

The Kentucky Office of Unemployment Insurance did not respond to our request. Impact on employer’s account: Claims related to refusal of an employer’s vaccine mandate will impact employer contributions to the trust fund and experience ratings when determining yearly tax rates. .

Rhode Island

Going Concern

JANUARY 26, 2024

His tenure includes positions as Head of London Audit and Tax, Head of People and Client Experience, and most recently, Chief Operating Officer since 2019. The declining birth rate also plays a role into the low supply of accountants, according to Henry Grzes, lead manager for tax practice and ethics with the American Institute of CPAs. “It

accounted

PYMNTS

JULY 17, 2020

If the coming pandemic relief package does not come with a payroll tax cut, President Trump has indicated this week that he will not sign the legislation. Tax Foundation Senior Policy Analyst Garrett Watson said per the report, “Both sides have said it’s not well-targeted.”

payroll tax

ThomsonReuters

JULY 26, 2022

per hour effective July 24, 2009 (see Payroll Guide ¶18,200 ). See Payroll Guide ¶19,010 for a list of the current state minimum wage rates and further wage and hour information. per hour), Idaho, Iowa, Kansas, Kentucky, North Carolina, North Dakota, New Hampshire, Oklahoma, Pennsylvania, Utah, Wisconsin, and Wyoming.

North Dakota

PYMNTS

JUNE 4, 2020

Trump and advisors floated a number of possibilities, including an infrastructure package, along with a payroll tax cut, tax deductions for companies’ workers’ restaurant and entertainment expenses, and maybe more. And recent analyses have the economy taking until 2030 to start fully recovering.

Oklahoma

PYMNTS

APRIL 10, 2020

There are no immediate plans for negotiations among Speaker Nancy Pelosi (D-California) and Senate Majority Leader Mitch McConnell (R-Kentucky). We should have a big Infrastructure Phase Four with Payroll Tax Cuts & more. It should be for only that reason, with no additions. Big Economic Bounceback!”

Kentucky

PYMNTS

JULY 15, 2020

Senate Majority Leader Mitch McConnell (R-Kentucky) is expected to present lawmakers with a draft of stimulus legislation authored by Republicans, with input from the White House, the news outlet reported. More relief could be on the way for Americans hurting from the economic impacts of COVID-19.

Kentucky

CPA Practice

AUGUST 13, 2024

By Caitlin Reilly CQ-Roll Call (TNS) Social Security payments would be exempt from taxes under former President Donald Trump’s latest campaign trail tax cut proposal, as he seeks to secure key voters in an increasingly competitive race. The cost of fully exempting Social Security benefits from taxes could top $1.6

North Carolina

PYMNTS

AUGUST 9, 2020

8) from his golf club in Bedminster, New Jersey, provides federal unemployment benefits, defers some payroll taxes, helps renters and homeowners behind on their payments and extends relief on student loans. Jamie Raskin of Maryland said of the president’s actions on unemployment benefits and the payroll tax, according to WSJ.

payroll tax

CPA Practice

NOVEMBER 4, 2024

Document Management software is a valuable solution for the organization as you prepare for tax season. Download the guide to ensure you are ready for next tax season. It finds the documents you need in seconds, and creates a bespoke, secure database for your firm.

Rhode Island

CPA Practice

OCTOBER 30, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What software or tools are you using to manage your engagements, or how does your team currently manage client engagements and reporting processes?

Rhode Island

CPA Practice

DECEMBER 4, 2024

The fourth, Senate Minority Leader Mitch McConnell, R-Kentucky, has not. “Of The two provisions were added in 1983 to help shore up Social Security’s finances by limiting benefits for employees who are collecting pensions from state or local systems that didn’t withdraw Social Security taxes.

Louisiana