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Payroll Tax News Updates: April 2024

CPA Practice

Although he wasn’t involved with payroll, he had check-signing authority over one bank account used solely to buy parts for the business. A part-time bookkeeper at Urgent Care who was paid an hourly rate handled the company payroll. This issue is often contested in the courts. Not my job. Sense of urgency.

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IRS Gives Tax Relief to Those Affected by Hurricane Lee in Massachusetts and Maine

CPA Practice

The IRS on Monday announced that all individuals and business owners in Maine and Massachusetts now have until Feb. The IRS is offering tax relief to any area designated by the Federal Emergency Management Agency (FEMA) , and all 16 counties in Maine and all 14 counties in Massachusetts qualify. 15, 2023, and Jan. 31, 2023, and Jan.

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Maine Man Gets 33 Months in Prison for Misusing PPP Funds

CPA Practice

By Judy Harrison, Bangor Daily News, Maine (TNS). The second Maine man who admitted defrauding a pandemic business loan program was sentenced Wednesday in U.S. c)2023 the Bangor Daily News (Bangor, Maine) Visit the Bangor Daily News (Bangor, Maine) at www.bangordailynews.com Distributed by Tribune Content Agency, LLC.

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California Main Street Small Business Tax Credit II

KROST

In Late September 2021 Governor Newsome signed Assembly Bill (AB) 150 establishing the Main Street Small Business Tax Credit II. Taxpayers that qualified for Employee Retention Credit may also qualify for the Main Street Small Business Tax Credit. Payroll information during the periods April 1, 2020 to June 30, 2021.

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The Certified Payroll Professional Corner: Employment Taxes

ThomsonReuters

Summer is starting, so if you are planning to take the Certified Payroll Professional (CPP) exam during the Summer/Fall 2022 testing period, it would be a good idea to start working on those flashcards and find information for the seven main topics of the CPP test. Interested in payroll topics? The IRS and U.S.

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Payroll Taxes for an Employer: How Is Payroll Tax Calculated?

Snyder

Payroll taxes can be daunting for employers to calculate and pay. With the numerous tax laws, regulations and compliance requirements, employers are required to be up-to-date on the latest regulations to ensure they’re making accurate and timely payroll tax payments. So how is payroll tax calculated? What is a payroll tax?

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

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. Voters approved a ballot measure that will gradually eliminate the tip credit.

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