Accounting Today

JULY 24, 2025

West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion. From the fourth quarter of 2018 through the fourth quarter of 2020, she collected and withheld taxes from her employees wages but did not pay the funds over to the IRS or file quarterly payroll tax returns. million in income tax. million.

Tax 59

Tax tax preparation Real Estate tax return 59

Going Concern

OCTOBER 25, 2024

Late last year, Portland Public Schools hired the accounting firm BerryDunn to support its finance team amid the ongoing payroll problems. The firm has also been tasked with helping to rectify the retirement plan issues.

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CPA Practice

JULY 25, 2025

Many states, but not all, including notably California and New Jersey, do not follow the federal treatment of QSBS. [2] 2] Section 1202(c)(1). [3] 3] Section 1202(c)(1)(A) provides that QSBS is stock in a C corporation if “as of the date of issuance, such corporation is a qualified small business.”

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Accounting Today

JULY 1, 2025

LMC integrates Kepniss LMC and Kepniss team members at the Springfield, New Jersey, office LMC, a firm based in New York City and an Ascend platform partner, announced that Stephen A. of Springfield, New Jersey, has joined. Kepniss & Associates, P.C.

North Carolina 59

North Carolina Ohio Technology New Jersey 59

Withum

JULY 9, 2025

On June 30, 2025, Governor Phil Murphy signed legislation to expand and strengthen the New Jersey Film and Digital Media Tax Credit Program, including an extension of the program for an additional 10 years through July 1, 2049. Film Tax Credit Program Credit Rates – 35% on wages and salaries for work performed in NJ.

New Jersey 52

New Jersey Tax Entertainment payroll 52

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.

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CPA Practice

JULY 17, 2025

New York, Nevada and Texas saw the largest unadjusted increases, while claims fell in Michigan, New Jersey and Tennessee. OBannon Payroll July 17, 2025  Seniors Call for Social Security Catchup Payments as Latest COLA Estimate for 2026 is Out While the latest projection from The Senior Citizens League shows a.1%

Technology 105

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Withum

JULY 28, 2023

Enacted on July 21, 2023, New Jersey A4694 creates a “Convenience of Employer” rule, affecting both employers and employees for payroll tax reporting purposes. This resulted in New Jersey losing significant tax revenue to New York’s rule.

New Jersey 94

New Jersey payroll tax payroll Tax 94

CPA Practice

AUGUST 17, 2023

A New Jersey business owner faces a federal prison sentence after failing to pay more than $10 million in payroll taxes. Josef Neuman, 37, of Lakewood, pleaded guilty to willful failure to pay over payroll taxes, the U.S. Attorney’s Office for New Jersey said in a statement Wednesday. By Jeff Goldman.

New Jersey 98

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Patriot Software

FEBRUARY 13, 2023

New Jersey started its paid family leave plan in 2009 with the New Jersey Family Leave Act. New Jersey paid family leave (PFL) made NJ the second state (after California) to pass a PFL policy. If you’re a New Jersey employer, you need to know about your responsibilities.

New Jersey 97

New Jersey California payroll tax payroll 97

MyIRSRelief

NOVEMBER 29, 2019

One of the most important things that a business must report is certain tax information for employment payroll on a quarterly and annual basis. They are required by the IRS to report the amount of 941/940 employment payroll taxes that have been either withheld from employees or what they owe to the government. Get debt relief.

payroll 140

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CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. By Nellie Akalp. for both employees and employers.

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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. While Jersey City has a pay transparency requirement, New Jersey does not.

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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.

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Withum

APRIL 11, 2022

Governor Phil Murphy signed the New Jersey Secure Choice Savings Program Act on March 28, 2019, requiring many small to mid-size businesses to offer a retirement plan. New Jersey did create a Secure Choice Savings Program website that should provide more details regarding the program.

New Jersey 64

New Jersey payroll tax services Start-ups 64

ThomsonReuters

JULY 13, 2021

Now let’s take a look at some of the more important payroll stories from the past week. Federal News. New Jersey legislation has expanded the summer work hours for minors between the ages of 16 and 18 to 50 hours per week with parental permission. The IRS’s most recent estimate of the tax gap was $441 billion.

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Withum

JULY 17, 2024

New Jersey implemented a new law that requires employers with 25 or more employees to implement a retirement plan. Who It Applies To Businesses with 25 OR MORE employees in the ENTIRE PREVIOUS YEAR; That does NOT currently have a “qualified” retirement plan; and Have conducted business in New Jersey for AT LEAST 2 YEARS.

New Jersey 59

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Withum

AUGUST 3, 2023

On July 3, 2023, New Jersey enacted comprehensive tax legislation (A5323) that will likely impact every business in one shape or another. For background, in 2019, New Jersey implemented Corporate Business Tax (CBT) reform, which adopted market-based sourcing for the receipt of services.

New Jersey 52

New Jersey income tax Tax payroll 52

PYMNTS

NOVEMBER 19, 2020

It’s an idea that has the power to change the payments parameters in the entire payroll industry. And its reach is seemingly set to grow, as payroll giant ADP is currently working to incorporate EWA into its offering for the businesses it serves. Human resources and payroll platform Ceridian also offers an EWA solution.

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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?

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CPA Practice

FEBRUARY 3, 2023

Rendon, 31, did not use the proceeds for her company’s employee payroll expenses or other overhead costs, as required by law under the Small Business Administration Paycheck Protection Program, according to an indictment.

Florida 98

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CPA Practice

OCTOBER 31, 2023

This first-of-its-kind settlement comes just months after the EEOC released a new resource regarding artificial intelligence (A.I.) used in the hiring process under Title VII of the Civil Rights Act of 1964 (see Payroll Guide ¶20,450 ). Also, both New Jersey ( L. 2022, A4909 ) and New York ( L.

Legal 116

Legal audit payroll Technology 116

MyIRSRelief

MARCH 1, 2025

Whether its unfiled tax returns, overwhelming back taxes, an audit, payroll issues, or aggressive IRS actions like levies, you dont have to navigate this stressful situation alone. 941 Payroll Problems: Protecting Your Business For business owners, payroll tax issuesspecifically related to Form 941can be a nightmare.

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PYMNTS

APRIL 8, 2020

“The expectation that this $2 trillion package would go through Congress and that the money would be flowing three days later, that was never a realistic expectation,” said Patrick Ryan, the chief executive of First Bank, a New Jersey lender. Those loans are forgivable if used primarily for payroll over the course of eight weeks.

New Jersey 86

New Jersey New York payroll Maine 86

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.

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PYMNTS

MAY 12, 2020

The SBA will forgive PPP loans if 75 percent of the money is used to keep all employees on the payroll for eight weeks. Funds can also be used for payroll, rent, mortgage interest or utilities. The first round of funding that opened April 3 with $350 billion was depleted in under 14 days. . The Paycheck Protection Program is working.

New Jersey 70

New Jersey payroll audit New York 70

Withum

JANUARY 12, 2023

Administrative Strength: Jenny Cangelosi, Payroll Manager, Princeton, NJ. The State of the Firm took place at New Jersey Performing Arts Center in Newark, NJ, with a live audience of over 1000 team members. Marketing Strength: Courtney Easterday, CPA, Manager, Whippany, NJ. Frederick S.

New Jersey 111

New Jersey CPA payroll accounting firms 111

PYMNTS

AUGUST 7, 2020

New Jersey’s Buckle is an InsurTech company focused on arming the gig economy, including rideshare providers, with access to total insurance coverage. Rippling offers businesses a human resources platform with integrated payroll functionality and a focus on managing employee data. earlier this year.

B2B 100

B2B Technology Transportation New Jersey 100

CPA Practice

JULY 12, 2023

Some states require employers to pay additional payroll taxes. In Alaska, New Jersey, and Pennsylvania, both employers and employees contribute to the fund, with the employee’s portion of SUI deducted from their paychecks. In Kentucky, employers are required to withhold an Occupational Tax from employees’ wages.

income tax 98

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Withum

AUGUST 27, 2024

As New Jersey rolls out RetireReady, employers face new requirements and responsibilities. Understanding these details will ensure a smooth transition as the program is rolled out across New Jersey. Understanding these details will ensure a smooth transition as the program is rolled out across New Jersey.

New Jersey 52

New Jersey payroll accounting system CPA 52

CPA Practice

DECEMBER 19, 2023

States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days). 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.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

ThomsonReuters

FEBRUARY 7, 2022

New Jersey. 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 92

Rhode Island South Dakota Connecticut New York 92

PYMNTS

MAY 18, 2020

ADP), the New Jersey-based human resources management software and services provider, has shifted to “underperform” from neutral given the extreme stress on employment markets. Kupferberg also explained his rating for Automatic Data Processing Inc. Paychex Inc.,

New Jersey 74

New Jersey New York payroll Retail 74

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).

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PYMNTS

NOVEMBER 9, 2020

Many restaurants, for instance, are going to have trouble keeping employees on payrolls as some states ban indoor dining and winter makes outdoor dining a challenge in places like Illinois [and other cold-weather places].”. For example, New Jersey Gov. at all restaurants, bars, clubs and lounges.

Kentucky 101

Kentucky New Jersey Illinois Texas 101

PYMNTS

JUNE 4, 2020

“Many of the new claims reflect current layoffs, as the corporate sector more broadly begins to adjust to the altered outlook for the year ahead,” Lou Crandall, chief economist of Wrightson ICAP LLC in New Jersey, told Reuters in advance of Thursday’s latest data. ET and is expected to surpass April’s record 14.7

Kentucky 52

Kentucky New Jersey Oklahoma Louisiana 52

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. There is also speculation that a scaled-back proposed UPFML may be in the works. .

Missouri 98

Missouri Rhode Island Nebraska Idaho 98