SkagitCountyTaxServices

JULY 12, 2023

The IRS is on the hunt for those kinds of people right now — look at this 53 million in PPP fraud case in north Texas. Freelancers and independent contractors tend to be more expensive upfront, but they do spare you the price tags of health insurance and other perks and payroll taxes. Check with us before you make this move.

payroll 74

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CPA Practice

MARCH 7, 2023

If the IRS believes salaries are below the typical wage for those positions because the business is trying to avoid paying payroll taxes, the company will lose its S Corp status. The IRS is Watching The Internal Revenue Service (IRS) closely monitors S Corps owners to ensure they take (and pay) “reasonable salaries” to all employees.

New Hampshire 114

New Hampshire Tax tax return income tax 114

ThomsonReuters

MARCH 22, 2021

In Louisiana , the IRS announced winter storm disaster tax relief for the storms that occurred from February 11, 2021 through February 19, 2021. This applies to the quarterly payroll tax returns (Form 941) normally due on April 30, 2021. Unclaimed property includes unpaid wages, payroll or salary.

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SkagitCountyTaxServices

MAY 26, 2021

With May 17th behind us (though for those in Texas, Louisiana and Oklahama — this was just another day. But before we leave taxes in the rearview, let’s address an unfortunate reality: as a business owner, you have a greater number of tax reporting obligations than a regular person has.

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xendoo

JANUARY 16, 2023

How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. Other than income tax, your small business may be subject to payroll taxes, self-employment taxes, and more. You’ll also withhold income tax from employees’ wages.

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ThomsonReuters

FEBRUARY 6, 2024

Corporate income tax is a significant source of revenue for governments. In fact, it is the third-largest source of federal revenue, albeit smaller than individual income tax and payroll taxes. While gross receipts tax is imposed on the business, the cost of the gross receipts tax is often passed on to the consumer.

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PYMNTS

DECEMBER 12, 2018

Urban Eatz in Richardson, Texas, has become the first NCR customer to use JetPay payment processing through its point-of-sale (POS) software. JetPay ’s services include card acceptance, processing, payroll, payroll tax filing, human capital management services and more.

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ThomsonReuters

MARCH 15, 2021

According to the IRS, employers can make the deferral payments through the Electronic Federal Tax Payment System (EFTPS) or by credit or debit card, money order or with a check. These payments must be separate from other tax payments to ensure they applied to the deferred payroll tax balance.

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ThomsonReuters

AUGUST 16, 2021

In June of 2021, a federal judge in Texas upheld the Houston Methodist Hospital’s COVID-19 vaccine requirement by dismissing a lawsuit that claimed vaccines against COVID-19 are experimental. Termination for noncompliance. Can an employer terminate an employee who does not comply with a COVDI-19 vaccine requirement?

Legal 52

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TaxConnex

JANUARY 4, 2024

As of this fall, Ohio’s sales tax exemptions added diapers, creams and wipes, child-restraint devices or booster seats, cribs and strollers and Texas stopped collecting sales tax on baby products like diapers and wipes, as well as menstrual products. National sales tax H.R.25 Texas state sales tax revenue totaled $3.57

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Going Concern

FEBRUARY 23, 2024

Attorney Damian Williams, George Sanossian agreed to conceal clients’ personal incomes and the wages they paid their employees, to reduce federal income taxes and payroll taxes. From 2012 to April 2018, according to the criminal information document signed by U.S.

CPA 90

CPA Illinois auditor Iowa 90

Going Concern

OCTOBER 27, 2023

IRS encourages employers to electronically file payroll tax returns [ IRS Newsroom ] The Internal Revenue Service today reminded employers that the best way to file their next quarterly payroll tax return by the Oct. 31, 2023, due date is electronically.

CPA 77

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PYMNTS

MAY 26, 2020

Under the House plan, which was introduced earlier this month as part of a second stimulus totaling $3 trillion, employers could claim a tax credit for as many as 59 million workers, the news service reported. . President Donald Trump’s alternative is a payroll tax cut. It’s an important tool,” he told the news service.

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CPA Practice

JUNE 15, 2023

Biden and congressional Democrats thus far have focused their efforts to reduce those two programs’ budget shortfalls by reining in Medicare prescription drug costs, and by raising Medicare and Social Security payroll taxes on high-income earners. House Budget Chairman Jodey C.

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