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On-Demand Webinar: Year-End Healthcare Tax and A&A Update

Withum

Click Here Listen in as John Smith and James Trubenbach-Byrne discuss in this timely webinar how to ensure your healthcare organization is prepared for all the year-end tax accounting and auditing qualifications. View On-Demand Webinar Learning Objectives: Interpret implementation and general tax updates.

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LLC vs. S Corp: Which Offers Better Tax Savings?

Cherry Bekaert

Understanding business entities and tax structures can save you a tremendous amount of time, money and potential headaches down the road. An LLC is one of four main legal business structures, whereas an S corp is a tax classification. This means that the partnership does not pay income tax. That rate is the sum of 12.4%

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Managing stress for tax professionals

ThomsonReuters

Stress management for tax professionals is critical for avoiding burnout. It’s tax season and instead of a five-day workweek, your firm expects you to be in the office on Saturdays from 8 a.m. Consider everything that you do on a typical day during tax season and the rest of the year. Extended hours.

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Get set up for the new tax year with Xero Payroll

Xero

That’s why we have prepared some resources to guide you through a frictionless payroll year end, and be ready for the start of the 2023/24 tax year. We have also introduced a new checklist within Xero Payroll to streamline your tasks and make it easy as we approach year end.

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COVID Relief Bill Provides 100% COBRA Premium Subsidy and Enrollment Option for Involuntarily Terminated Employees

ThomsonReuters

The employer (or, in some cases, the plan or insurer) will pay 100% of an AEI’s COBRA premium during that time period and will be reimbursed by the federal government through a credit against payroll taxes or, for credit amounts exceeding payroll taxes, as a refund of an overpayment. Contributing Editors: EBIA Staff.

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20 Small Business Tax Deductions You Need to Know

xendoo

Many small business owners miss out on tax savings simply because they aren’t aware of what tax deductions are available. As professional accountants, we know all the small business tax deductions that can save you money, and we’re sharing them in this tax deductions checklist. . What is a tax deduction?

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2020 vs. 2021 Employee Retention Credit Comparison Chart

KROST

Eligible employers can receive a refundable payroll tax credit of 50% of wages paid to employees between March 13th, 2020 and December 31st, 2020. Eligible employers can receive a refundable payroll tax credit up to 70% of qualifying wages paid between January 1, 2021 and July 1, 2021. Eligible Employers.