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. The state has two proposals. The current state minimum wage is $7.25
MyIRSRelief
JULY 3, 2023
Contact us for professional tax help today! During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Understanding ERC IRS Audits 1.1 What is an ERC IRS Audit? ERC IRS Audit Process 2.1 What Happens During an ERC Audit?
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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. Below we dive into the state and unemployment tax responsibilities employers need to know.
CPA Practice
JULY 7, 2023
The defendants allegedly submitted 29 Paycheck Protection Program loan applications that inflated payroll expenses and manipulated bank statements and IRS tax forms. It covered small businesses’ payroll, rent and other expenses, but ended in May 2021. Defrauding the government is an affront to American taxpayers.
CPA Practice
DECEMBER 19, 2023
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.
ThomsonReuters
APRIL 9, 2021
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. Who is eligible?
PYMNTS
JULY 15, 2019
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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