CPA Practice

AUGUST 4, 2025

OBannon The Massachusetts Society of Certified Public Accountants (MassCPAs) recently hosted the Accounting Careers Exploratory (ACE) Leadership Program from July 22–25. Read the FAQs Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more. 7 to allow time for U.S.

accounting careers

Accounting Today

JUNE 6, 2025

The professional and business services sector lost 18,000 jobs in May, but added 3,100 in accounting, tax preparation, bookkeeping and payroll services. Average hourly earnings increased 15 cents, or 0.4%, to $36.24 Over the past 12 months, average hourly earnings have grown 3.9%. Go for a full point, Rocket Fuel!"

Account

CPA Practice

AUGUST 1, 2025

Elizabeth Warren, a Massachusetts Democrat, wrote on X. Since reports of the IRS’ plan to axe the program emerged, several Democrats have expressed their disapproval. Direct File was an easy way for Americans to file their taxes for FREE each year,” Sen. It’s a no-brainer — and it’s popular. she added. “To

Technology

CPA Practice

JULY 9, 2025

Cellsense (Somerville, Massachusetts): Transforms algae and cellulose into compostable beads to offer a sustainable alternative to microplastics used in design and cosmetic industries.

Technology

CPA Practice

OCTOBER 22, 2024

In this white paper, we break down the key federal payroll laws, explore important compliance insights, highlight the role of technology, and provide practical tips for maintaining compliance. federal payroll compliance is an ongoing process that requires vigilance and dedication. Fill out the form below to access this resource.

payroll

CPA Practice

SEPTEMBER 25, 2023

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.

Massachusetts

Patriot Software

SEPTEMBER 13, 2022

If you are a Massachusetts employer, you must learn about the new Massachusetts paid family leave program. What is Massachusetts paid […] READ MORE. However, are you aware that your state might have additional programs in place for family and medical leave?

Massachusetts

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. 31 payroll tax deadline.

payroll tax

Patriot Software

APRIL 6, 2023

Are you a new employer in the Commonwealth of Massachusetts? Most employers must provide Massachusetts paid sick leave under state law. Read on to learn key facts about the state law, including: Massachusetts paid sick leave […] Read More Do you plan on offering your employees paid sick leave?

Massachusetts

Withum

OCTOBER 9, 2023

On October 4, 2023, Massachusetts enacted tax legislation (H.4104), 4104), which will dramatically affect how businesses calculate their Massachusetts income. Historically, most businesses in Massachusetts apportioned income using a three-factor apportionment formula comprising of property, payroll, and double-weighted sales.

Massachusetts

Withum

NOVEMBER 16, 2022

Are you located in Massachusetts? You may be eligible for the following programs, administered by the Massachusetts Life Sciences Center: Bits to Bytes. Program Overview: $5 million dollars to support payroll and equipment at non-for-profit partners. Then you should be reading this article, right now! Who Qualifies?

Massachusetts

Anders CPA

MAY 23, 2023

Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees.

payroll tax

CPA Practice

OCTOBER 2, 2023

one of the most respected accounting and tax firms in Central Massachusetts, recently announced an ownership change and rebranding of the firm as Venning. The firm merged with Agawam, Massachusetts-based accounting firm, Corbin & Tapases on September 27. Venning & Jacques, Inc.,

Massachusetts

ThomsonReuters

JULY 13, 2021

Now let’s take a look at some of the more important payroll stories from the past week. Massachusetts has extended the unemployment tax due date for the first quarter of 2021 from April 30, 2021 until July 31, 2021. The IRS’s most recent estimate of the tax gap was $441 billion. Federal News. SAVE Act under review in House.

payroll

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

payroll

Withum

NOVEMBER 10, 2023

Are you a Massachusetts non-profit or academic institution with a focus in life science? Or perhaps you’re a for-profit Massachusetts life science company, collaborating with a Massachusetts non-profit. Program Overview: $5 million dollars to support payroll and equipment at non-for-profit partners. Who Qualifies?

Massachusetts

ThomsonReuters

JUNE 14, 2021

On June 9, 2021, the Massachusetts legislature held a constitutional convention to set the proposal of a “wealth tax” on the November 2022 ballot. The post Last Week in Payroll: Localization of Work appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Wealth tax proposed for highest income bracket.

payroll

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

ThomsonReuters

JULY 7, 2021

In general, the federal income tax, Social Security tax, FUTA tax, Medicare tax, and Additional Medicare tax are considered employment or payroll taxes. These two federal laws contained payroll-related provisions aimed at helping employers and employees during the pandemic. Payroll tax relief. Worksheet 5. Federal News.

payroll

CPA Practice

JULY 24, 2023

Arkansas, Mississippi, Oklahoma, Pennsylvania, Ohio, Massachusetts and Maryland also posted fresh record-low readings. In a dozen states and DC, the number of people on payrolls remains below pre-pandemic levels. The unemployment rates in 25 states are currently at or within 0.1 For instance, Minnesota’s unemployment rate is up 0.5

South Dakota

CPA Practice

MARCH 28, 2025

According to a recent study from SoFi, which looked at the highest-paying states in the country, employees in 12 locationsincluding Massachusetts, California, Connecticut, and Marylandearn significantly more than the national average salary.

Connecticut

MyIRSRelief

AUGUST 2, 2024

Cannabis businesses should maintain detailed records of all transactions, including sales, purchases, payroll, and other expenses. Here are some steps cannabis businesses can take: Maintain Accurate Records: Keep detailed records of all financial transactions, including sales, purchases, payroll, and expenses.

audit

Shay CPA

JUNE 7, 2023

And, of course, you can’t forget about how your layoffs impact your books and payroll. And if you’re in this boat, you should know what it means for your books and your payroll. This will mean more paperwork in the immediate future to close in the state, but it can simplify your books, taxes, and payroll in the long term.

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

payroll tax

PYMNTS

MAY 7, 2020

Christopher Carlozzi, Massachusetts state director of the National Federation of Independent Business ( NFIB ), a small business trade group, told PYMNTS the government keeps moving the goalpost. The main concern is whether my members can meet the threshold of using 75 percent of the loan for payroll,” Carlozzi said.

Massachusetts

Patriot Software

OCTOBER 19, 2022

If you are an employer in Massachusetts, you might be required to pay the employer medical assistance contribution (EMAC) tax. As a small business owner, you need to stay on top of your state-specific employer responsibilities. Because each state has different laws, you may have more tax responsibilities than an employer in another state.

Massachusetts

Patriot Software

OCTOBER 21, 2021

States like New York, California, and Massachusetts have paid family leave programs so employees can take paid time off for medical and family issues. Along with a number of states, Washington D.C. also started a PFL program in 2019. Read on to learn all there is to know about the Washington D.C. paid family leave […] READ MORE.

Washington

CPA Practice

DECEMBER 19, 2023

She is the CEO of CorpNet , the most innovative way to start a business, register for payroll taxes, and maintain business compliance across the United States. Nellie Akalp is a passionate entrepreneur, recognized business expert, and mother of four.

Rhode Island

ThomsonReuters

FEBRUARY 7, 2022

Massachusetts. It is crucial that payroll professionals familiarize themselves with minimum wage rates for garnishment calculations in 2022. . For further information on creditor garnishment, visit the Quick Reference Chart on Checkpoint Edge at Payroll Guide ¶17,080 (Highlights of state rules for creditor garnishment). .

Rhode Island

CPA Practice

APRIL 11, 2023

region with the largest monthly drop in employment was the Mideast (Delaware, District of Columbia, Maryland, New Jersey, New York, Pennsylvania) at -0.18% while employment grew by 0.33% in New England (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont).

quickbooks

ThomsonReuters

FEBRUARY 7, 2022

California, Connecticut, the District of Columbia, Massachusetts, New Jersey, New York, Rhode Island, and Washington have Paid Family and Medical Leave Insurance (PFMLI) programs with employers and/or employees contributing to the fund. The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L.

Missouri

CPA Practice

JULY 5, 2023

Women are also 14% less likely to get promoted than men, according to a study from the Massachusetts Institute of Technology. This inequality begins years ahead of the so-called “motherhood penalty,” when woman’s pay tends to suffer a second blow from undertaking child-rearing responsibilities.

Non-Profits

CPA Practice

JANUARY 11, 2024

Top 60 accounting firm Prager Metis has expanded its presence in North Carolina by combining with Asheville-based Goldsmith Molis & Gray, a full-service tax, accounting, payroll, and consulting firm. offices in California, Connecticut, Florida, Massachusetts, Nevada, New Jersey, New York, and Virginia. 1, weren’t disclosed.

North Carolina

PYMNTS

MAY 6, 2020

Amy Klobuchar of Minnesota and Elizabeth Warren of Massachusetts, two former Democratic candidates for the presidency, have asked FTC Chairman Joseph Simons to explain how the agency is identifying and preventing scams and assisting victims of the Paycheck Protection Program (PPP).

Rhode Island

ThomsonReuters

OCTOBER 6, 2021

Each state gets to decide what matters most — your payroll, property, or sales — and in what ratio to account for them. Most states use one of three apportionment formulas: An equally weighted three-factor formula that takes payroll, property, and sales into account in equal measure, also known as the.

income tax

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