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Your ultimate payroll year-end 2024/25 checklist: steps and deadlines

Xero

Itd be one thing if payroll year-end meant a single last pay run. Whether youre a seasoned payroll manager or doing it for the first time, payroll year-end can be tricky. What is HMRC payroll year-end? Payroll year-end is when a business finalises payroll records for the tax year. Timing is important.

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Fashion forward: New York’s Fashion Workers Act threads new standards

ThomsonReuters

Miguel Lopez, a shareholder at Littler Mendelson and an expert in employment law, shared his insights on the Act with Thomson Reuters’ Checkpoint Payroll Update a couple of weeks before the start of New York Fashion Week 2025 on February 13.

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How Mike Habib, EA Can Help Los Angeles Business Taxpayers Resolve EDD Employment Payroll Tax Controversies

MyIRSRelief

Running a business in Los Angeles comes with its fair share of challenges, and one of the most daunting can be navigating the complexities of Californias Employment Development Department (EDD) payroll tax requirements. For business taxpayers facing EDD employment payroll tax controversies, the stakes are high.

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Elevating payroll: Industry leaders advocate for Chief Payroll Officer in the C-suite

ThomsonReuters

They emphasized the role of payroll in compliance, technological integration, and its significant impact on an organization’s profit and loss. Both speakers advocated for a paradigm shift in how payroll is perceived, highlighting its potential to support operational success and mitigate risks.

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How to Dissolve a Company in Bad Standing Before Year-End

CPA Practice

It is a formal process to address all outstanding legal and financial aspects of the business in the state in which it was formed. The process can be legally and financially complicated, so it’s important to research the requirements and obtain all the pertinent information ahead of time. Any outstanding tax obligations must be paid.

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Tax Firms Without AI Strategies Will Fall Behind (and Fast), New Study Warns​

CPA Practice

This efficiency gain represents an average annual value of $19,000 per professional and contributes to a combined $32 billion annual impact across the legal and tax accounting sectors in the United States alone.​ 53% of tax firms report significant skills gaps, creating a barrier to adopting the very technology they need to compete.​

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Liens vs. Levies: Understanding the Key Differences and Their Impact on Taxpayers

MyIRSRelief

A lien is the government’s legal claim against your property when you fail to pay a tax debt. This notice alerts creditors that the government has a legal claim to your property, including real estate, personal property, and financial assets. A levy , on the other hand, is a legal seizure of your property to satisfy a tax debt.