article thumbnail

Professional Tax Help in New York: Taxpayers Facing Tax Audits, Back Taxes, and 941 Payroll Tax Problems

MyIRSRelief

New York is known for being a hub of commerce, culture, and innovation, attracting businesses and individuals from all over the world. Whether you are a small business owner, self-employed, or an individual taxpayer, you may face tax issues such as tax audits, back taxes, and 941 payroll tax problems.

article thumbnail

New York Minimum Wage to Increase Starting in 2024

CPA Practice

The minimum wage will increase to $16 an hour in New York City and Westchester, Nassau and Suffolk counties and to $15 an hour in all other areas of the state on Jan. For Upstate New York, that’s an increase of 5.6% The raises could be stopped in any year when the inflation index shows prices are falling, the News said.

New York 119
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Everything You Need to Know About New York PFL

Patriot Software

When you become an employer, part of your responsibilities include handling payroll taxes. On top of remitting taxes, you also might employ workers in a state with a paid family leave program, such as New York. If you have employees who work in New York state, you need to learn about the New York PFL […] READ MORE.

article thumbnail

Hiline Acquires New York Accounting Firm Calculate

CPA Practice

Hiline , a provider of financial-operations-as-a-service that helps business clients manage risk, improve outcomes, and make better decisions, has acquired Calculate , a New York-based outsourced accounting and finance firm focused on serving emerging companies.

article thumbnail

For Accountants and HR Specialists, New York City Pays the Best, Analysis Reveals

CPA Practice

The analysis found that New York is the best-paying city for accountants, with an adjusted salary of $95,308. New York City also pays HR specialists the most, with an adjusted salary of $74,912. The salary data provided by Revelio was adjusted based on median income levels in cities, according to Bloomberg.

article thumbnail

IRS Gives Some New York Taxpayers and Businesses Until May 15 to File and Pay Taxes

CPA Practice

Residents and businesses in five New York counties affected by recent winter storms now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced. In addition, penalties on payroll and excise tax deposits due on or after Dec. 23 and Dec.

New York 105
article thumbnail

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. The state’s last scheduled increase is $12.00 per hour, beginning January 1, 2023.

payroll 105