CPA Practice

OCTOBER 27, 2023

The Internal Revenue Service is reminding employers that the best way to file their next quarterly payroll tax return by the Oct. Two options to electronically file payroll tax returns The first option for employers is to self-file by purchasing IRS-approved software that meets their specific needs. This includes the Oct.

payroll tax 105

payroll tax payroll South Carolina Tax 105

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

TaxConnex

JANUARY 4, 2024

This year, South Dakota eliminated its 200-transaction economic nexus transaction threshold, as did Louisiana’s threshold. Louisiana also eliminated resale and wholesale transactions as factors in the $100,000 threshold for marketplace facilitators. National sales tax H.R.25 National sales tax H.R.25

Sales 231

Sales Tax Colorado Alaska 231

TaxConnex

MARCH 30, 2023

The provisions This bill imposes a national sales tax on the use or consumption in the U.S. of taxable property or services in lieu of the current income taxes, payroll taxes and estate and gift taxes. The rate of the sales tax will be 23% in 2025, adjusted in subsequent years.

Sales 147

Sales Tax income tax Louisiana 147

CPA Practice

DECEMBER 19, 2023

Some states don’t allow forward dating incorporation dates, including: Alaska Arkansas Connecticut Hawaii Idaho Louisiana Maryland Minnesota Nevada Delayed filings also help businesses overcome end-of-year backlogs in Secretary of State offices that often lead to standard filings not being cleared by the end of the year.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

CPA Practice

MARCH 7, 2023

If the IRS believes salaries are below the typical wage for those positions because the business is trying to avoid paying payroll taxes, the company will lose its S Corp status. The IRS is Watching The Internal Revenue Service (IRS) closely monitors S Corps owners to ensure they take (and pay) “reasonable salaries” to all employees.

New Hampshire 114

New Hampshire Tax tax return income tax 114

ThomsonReuters

FEBRUARY 10, 2022

Department of Labor explains that unemployment insurance is a federal-state program financed through federal and state employer payroll taxes. States like California and Louisiana have certain rules that do not permit voluntary contributions under certain conditions. Virgin Islands.

South Dakota 52

South Dakota Wisconsin North Carolina Nebraska 52