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Top accounting issues in 2023

ThomsonReuters

That’s why it is no surprise that the AICPA’s most recent “Top Firm Issues Survey ” found that “keeping up with changes and complexity of tax laws” is among the top issues for firms large and small. Firms that do not offer staff the flexibility they desire risk losing talent.

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Last Week in Payroll: Repaying Deferred Social Security Taxes

ThomsonReuters

Repaying Deferred Social Security Taxes . In addition, a Presidential Memorandum signed on August 8, 2020, allowed employers to defer the employee’s share of Social Security tax from September 1, 2020 through the end of tax year 2020. . credit for employer FICA tax paid with respect to employee cash tips.

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