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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. Contact Anders The post Employer Payroll Tax Obligations When Employees Work Out-Of-State appeared first on Anders CPA.

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Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

For payroll, in particular, there are a number of taxes. A number of those pages will directly affect payroll. It is a resource that offers a sense of security even if the company has its own full payroll department or outsources payroll duties to a third-party provider. Is there interest on the late taxes?

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Intuit Awards Three Small Businesses $20,000 Each for Small Business Hero Day

CPA Practice

Each small business hero was nominated for their incredible commitment to serving their local communities in Louisiana, Georgia, and Michigan. As a business owner, you have to wear a lot of different hats…I’m the owner, operations manager, I manage payroll and bookkeeping.

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The Benefits of Delayed Business Filings

CPA Practice

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.

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What employers should know about voluntary unemployment contributions for rate reductions

ThomsonReuters

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. However, some states establish earlier due dates.

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1.8M Americans File Unemployment Claims As Pandemic’s Total Tops 42M

PYMNTS

In contrast, states that saw the biggest decreases were Georgia (65,041), New Jersey (27,324), Kentucky (22,051), Louisiana (11,580) and Pennsylvania (11,172). million private payrolls in May, Mark Zandi, chief economist at Moody’s Analytics, expressed optimism. “We ET and is expected to surpass April’s record 14.7 employers cut 2.76

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Milestones for S Corporation Election

CPA Practice

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.