ThomsonReuters

JULY 1, 2022

In our last edition of the Certified Payroll Professional Corner (CPP), we talked about Form I-9 (Employment Eligibility Verification). You may wonder, isn’t this a human resources issue and not a payroll one? What’s interesting to note about the case was the payroll manager played a significant role in the investigation.

payroll 94

payroll Oregon Washington Legal 94

Shay CPA

JUNE 7, 2023

And, of course, you can’t forget about how your layoffs impact your books and payroll. And if you’re in this boat, you should know what it means for your books and your payroll. As we reviewed in a recent blog, having an employee in another state establishes a tax nexus for your company there.

payroll 52

payroll Montana Hawaii Utah 52

CPA Practice

MAY 1, 2023

More small businesses across the country are taking advantage of new tax credits to offer 401(k) programs , according to a report from the Wall Street Journal. The new tax credits are widely available now thanks to the Setting Every Community Up for Retirement Enhancement (Secure) Act , which went into effect on Dec.

Oregon 134

Oregon Nebraska Colorado Illinois 134

CPA Practice

OCTOBER 18, 2023

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

business tax 59

business tax Tax Alaska South Dakota 59

ThomsonReuters

JUNE 22, 2021

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Beginning July 1, new forms will be used to report withholding tax. On July 1, the minimum wage increases to $9.00 New Mexico. per hour. .

payroll 72

payroll Virginia Utah West Virginia 72

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?

audit 130

audit North Carolina Oklahoma Ohio 130

CPA Practice

JUNE 13, 2023

TNS) A backlog of claims for the employee retention credit (ERC) has piled up before the IRS, as business owners seek out the retroactive tax credit. Take the case of Alicia Chapman, CEO of the Portland, Oregon-based metal manufacturer Willamette Technical Fabricators. By Melissa Angell, Inc.

tax return 111

tax return Oregon payroll tax Tax 111

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.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

CPA Practice

NOVEMBER 1, 2023

Mountain states such as Utah saw high earners moving in from California, Oregon and Texas. Bureau of Economic Analysis figures compiled for Stateline by the Urban-Brookings Tax Policy Center in Washington, D.C. In Connecticut, personal income tax revenue took a $1.3 Ned Lamont signed a tax cut bill in June.

North Dakota 52

North Dakota South Dakota Utah Connecticut 52

ThomsonReuters

FEBRUARY 7, 2022

Minimum wage rate adjustments have not yet been determined for the District of Columbia, Nevada, and Oregon which are scheduled to take effect on July 1 of this year. . It is crucial that payroll professionals familiarize themselves with minimum wage rates for garnishment calculations in 2022. . per hour, $9.80 per hour, $13.00

Rhode Island 92

Rhode Island South Dakota Connecticut Agriculture 92

ThomsonReuters

FEBRUARY 7, 2022

Colorado and Oregon will begin collecting assessments for their programs in 2023. . The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. 2022, H447 ). . Proposed legislation ( L. 2022, H5029 ) seeks to establish a PFMLI program.

Missouri 98

Missouri Rhode Island Nebraska Mississippi 98

PYMNTS

SEPTEMBER 11, 2019

Washington State and Oregon failed to pass a bill that was similar in nature AB 5, the NYT said. . They would also have to pay payroll taxes, all of which could change their business models. Uber is going a step further and has pledged it will litigate misclassification claims from drivers. .

California 60

California Oregon payroll tax New York 60

PYMNTS

APRIL 27, 2016

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. Now legal in 23 states, with recreational use also legal in Alaska, Colorado, Oregon and Washington, marijuana is very much still a cash-based business.

Colorado 41

Colorado payroll tax Alaska Oregon 41

PYMNTS

NOVEMBER 23, 2016

Payroll data, too, showed a promising environment, with a spike among small businesses witnessed in October. And while Oregon witnessed the largest decline in small business bankruptcy rates, researchers noted that the state has a higher-than-average rate, with the decline helping to bring the state back to the national average.

Oregon 53

Oregon Connecticut Transportation payroll 53

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Three other states—Nevada, Oregon, and Wyoming—decided to make incorporation in their state more appealing. Delaware does tax companies. With so few taxes, how does Delaware rake it in? and 11:59 p.m.

Delaware 64

Delaware Wyoming Nevada Oregon 64

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? What is indirect tax? Direct tax and indirect tax. The differences between direct tax and indirect tax are important to understand. The differences between direct tax and indirect tax are important to understand. Direct tax is progressive in nature.

Tax 52

Tax income tax Oregon Ohio 52

ThomsonReuters

JUNE 28, 2021

Although it is possible to automate payroll systems to account for these minimum wage increases, it is a good idea for payroll professionals to be aware of these changes to avoid the possibility of underpaying employees. Oregon: $12.00 Now let’s go over some federal and state payroll stories from the past week.

payroll 52

payroll income tax California North Dakota 52

ThomsonReuters

JUNE 10, 2021

Summertime Tax Tips. Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. Biden Administration issues tax proposals “Green Book.” Also, 12 U.S. Department of Labor enforcement.

payroll 98

payroll Vermont Tax Connecticut 98

ThomsonReuters

JANUARY 24, 2022

The Oregon Employment Department has stated that regardless of occupation, if a worker refuses to get a vaccination and separates from employment, the department will review the circumstances of each situation individually to determine eligibility for unemployment benefits. The Utah Workforce Services did not respond to our request.

Rhode Island 119

Rhode Island West Virginia South Dakota Maryland 119

ThomsonReuters

APRIL 26, 2022

The Act established an Energy Transition Economic Development Assistance Fund that helps employers to qualify for tax relief for hiring displaced workers. Oregon Climate Change Adaptation Framework. Checkpoint Edge will continue to report on the latest payroll developments as legislation progresses. . The state’s?

payroll 95

payroll Vermont Rhode Island Hawaii 95

ThomsonReuters

MAY 3, 2021

Funding for the American Families Plan, including paid leave, would be offset by tax increases on Americans making over $400,000 per year and the elimination of lower tax rates on capital gains and dividends. . Beginning in 2023, employees in Oregon may qualify for up to 12 weeks of paid family and medical leave. Connecticut.

Rhode Island 52

Rhode Island Hawaii Oregon Connecticut 52

PYMNTS

MAY 13, 2016

The solution helps merchants make the most of cross-border opportunities – enabling payments for goods purchased, while staying on the right side of fraud, risk, tax and regulatory and legal compliance. Once a consumer selects a country outside of a merchant’s home country, FedEx seamlessly takes over. So, there were a lot of issues.”.

Sales 40

Sales Gaming Oregon Arizona 40

ThomsonReuters

JULY 29, 2021

Just prior to Washington State, Oregon also approved more protective emergency heat rules for workers. Now let’s go over some of the more important payroll stories from the past week. The bill makes other unemployment tax changes like expanding the unemployment tax rate range (0.1% Revised withholding tax tables.

payroll 52

payroll New Jersey Idaho Wisconsin 52

ThomsonReuters

FEBRUARY 22, 2021

The first recorded use of the word “payroll” appeared around 1740 A.D. Over time, payroll has become much more than just paying wages to employees. It also has to do with a wide variety of topics such as reporting and paying taxes and keeping in compliance with laws. Payroll in a Pandemic.

payroll 95

payroll Montana Wisconsin Tax 95

ThomsonReuters

AUGUST 2, 2021

Now let’s go over some of the more important payroll stories from the past week. . The IRS has updated its lengthy list of FAQs on paid sick and family leave tax credits under the American Rescue Plan Act (ARPA) relating to COVID-19 vaccines. Adjustment of calculation and payment of unemployment taxes. Federal News .

payroll 52

payroll North Carolina New Hampshire Oregon 52

PYMNTS

JULY 29, 2020

Lawmakers want to fix a mix-up in the economic relief CARES Act laws from March that could cost small businesses $120 billion in taxes, The Wall Street Journal (WSJ) reports. That could leave millions of small businesses without a lifeline for their next tax returns.

Kansas 86

Kansas Oregon Texas tax return 86

PYMNTS

JUNE 4, 2020

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.

Oklahoma 53

Oklahoma Kentucky Oregon Michigan 53