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Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

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. Below we dive into the state and unemployment tax responsibilities employers need to know.

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The Benefits of Delayed Business Filings

CPA Practice

Incorporating at the End of the Year The primary advantage of incorporating before the end of the year is your clients can then take advantage of the tax benefits owning a corporation offers, including writing off the costs of incorporating on this year’s taxes.

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ARPA Close-up: COBRA Premium Subsidy

ThomsonReuters

Employers were reimbursed with a payroll tax credit or a refund if the cost exceeded their tax liability. Credits were claimed through Form 941, the quarterly employment tax return. The credit will be against the employer’s share of Medicare tax. in February. Possible state amendments to existing mini-COBRA laws.

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In Australia, Card (And Other Payments) Fraud Is Big Business

PYMNTS

Separately, in Oklahoma, a computer software company owner has pleaded guilty to payroll tax fraud. intentionally caused” the United States a tax loss of more than $1 million. That came as the executive had not paid income and Social Security tax withheld from employee wages. Grayson Jr., owner of Zealcon Corp.,

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Next Economic Stimulus Package Could Hit $1T

PYMNTS

Trump and advisors floated a number of possibilities, including an infrastructure package, along with a payroll tax cut, tax deductions for companies’ workers’ restaurant and entertainment expenses, and maybe more. And recent analyses have the economy taking until 2030 to start fully recovering.

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Conservatives’ Budget Plan Renews Battle Over Social Security Benefits, Tax Cuts

CPA Practice

By David Lerman, CQ-Roll Call (TNS) The largest bloc of House conservatives offered up a fiscal blueprint Wednesday that promises to balance the federal budget in seven years, make GOP tax cuts permanent, and slash domestic spending. Chairman Kevin Hern of Oklahoma said House leadership has promised his plan would get a floor vote.

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