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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. By Nellie Akalp. for both employees and employers.

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West Virginia Income Tax Rates: Here’s What Changed for WV Withholding in 2023

Patriot Software

MARCH 10, 2023

Are you an employer in West Virginia? If so, you might have heard about House Bill 2526, a 2023 law that significantly cut individual income tax rates. As a result, your West Virginia income tax withholding might look a little different. In this article, we’ll go over: What compensation is subject to withholding?

West Virginia

West Virginia Virginia income tax Tax

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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Trending Sources

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

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.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

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Payroll problem tax debt relief – get professional representation

MyIRSRelief

NOVEMBER 29, 2019

They are required by the IRS to report the amount of 941/940 employment payroll taxes that have been either withheld from employees or what they owe to the government. If they fail to do at the prescribed time they will have a payroll tax problem. Get a free case evaluation 1-877-78-TAXES [1-877-788-2937].

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The Benefits of Delayed Business Filings

CPA Practice

DECEMBER 19, 2023

States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days). She is the CEO of CorpNet , the most innovative way to start a business, register for payroll taxes, and maintain business compliance across the United States.

Rhode Island

Rhode Island West Virginia South Dakota North Dakota

5 States with the Lowest Combined Business Taxes

CPA Practice

OCTOBER 18, 2023

Property and payroll taxes In addition to business or personal income taxes and sales tax, property and payroll taxes are important considerations. Property tax rates can vary significantly, impacting the cost of owning or leasing business space.

business tax

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Heads Up! Payroll Changes Coming in July

ThomsonReuters

JUNE 22, 2021

But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax. State by State Payroll Tax Changes. West Virginia. Small businesses are not exempt.

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Federal Paid FMLA May Be Out While States Consider Possibilities

ThomsonReuters

FEBRUARY 7, 2022

The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. West Virginia. 2022, H447 ). . Proposed legislation ( L. 2022, H5029 ) seeks to establish a PFMLI program. The program would be funded by employee contributions only. . 2022, S100 ). . Proposed legislation ( L.

Missouri

Missouri Rhode Island Nebraska Mississippi

Copy Amazon’s $0 Tax Strategy! How to Write Off Taxes (Easy Guide)

LyfeAccounting

APRIL 22, 2021

Because Amazon will provide thousands of jobs and a great deal of attention to any city it chooses, states and cities are willing to offer up huge tax savings for them to locate there. Amazon ultimately decided to choose Virginia due to Virginia having what some call the best tech workforce in the nation.

Tax

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Last Week in Payroll: The List and Legality of Employee Vaccination Requirements

ThomsonReuters

AUGUST 16, 2021

Virginia. . It requires all Virginia Executive Branch employees and state contractors who enter the work place or who have public-facing work duties to disclose their vaccine status to the designated agency personnel. The Old Dominion State has an Executive Directive for ensuring a safe workplace in effect.

Legal

Legal payroll Connecticut Virginia

Friday Footnotes: Screw the Office; Auditor Sues EY For Doing Her Job; IRS Levels Up | 9.16.22

Going Concern

SEPTEMBER 16, 2022

Valley accounting organization hosting student event to help build employment pipeline [ WHSV ] In hopes to boost numbers, the Shenandoah Valley Chapter of the Virginia Society of CPA’s will be hosting ‘Student Accounting Night’ at Laurel Ridge Community College. Hiring and Talent.

auditor

auditor Iowa audit Mississippi

2023 in review: The year in sales tax

TaxConnex

JANUARY 4, 2024

Last summer, for instance, Puerto Rico gave a break on school uniforms and supplies; Alabama cut shoppers tax slack on school supplies, clothing and computers. This year, multiple states introduced new sales tax exemptions, too. Virginia, Alabama and Kansas gave breaks on groceries. National sales tax H.R.25

Sales

Sales Tax Colorado Alaska

Friday Footnotes: CPA Says Stop ERC Fearmongering; Deloitte Cussed Out For ‘Grueling Culture’; Worst Books Ever | 2.23.24

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. Office Space Big Four accounting firm moves office from Norfolk to Virginia Beach Town Center [ The Virginian-Pilot ] KPMG, the U.S.

CPA

CPA Illinois auditor Iowa

Last Week in Payroll: Will Paid Family and Medical Leave Provision in House-Passed Spending Bill Survive the Senate?

ThomsonReuters

NOVEMBER 22, 2021

A payroll-related provision for paid family and medical leave was in the bill initially, removed after objections and then reinserted into the House-passed bill with a lesser leave period of four weeks. Some payroll provisions. . The BBB now goes to the Senate where it will likely face challenges and changes.

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

CPA Practice

JUNE 15, 2023

“The RSC budget would implement common-sense policies to prevent the impending debt disaster, tame inflation, grow the economy, protect our national security, and defund [President Joe] Biden’s woke priorities,” said Virginia Rep. Ben Cline, chairman of the group’s Budget and Spending Task Force.

Tax

Tax Virginia Oklahoma Arkansas

Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

West Virginia Income Tax Rates: Here’s What Changed for WV Withholding in 2023

Webinars

Trending Sources

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

Webinars

Payroll problem tax debt relief – get professional representation

The Benefits of Delayed Business Filings

5 States with the Lowest Combined Business Taxes

Heads Up! Payroll Changes Coming in July

Federal Paid FMLA May Be Out While States Consider Possibilities

Copy Amazon’s $0 Tax Strategy! How to Write Off Taxes (Easy Guide)

Last Week in Payroll: The List and Legality of Employee Vaccination Requirements

Friday Footnotes: Screw the Office; Auditor Sues EY For Doing Her Job; IRS Levels Up | 9.16.22

2023 in review: The year in sales tax

Friday Footnotes: CPA Says Stop ERC Fearmongering; Deloitte Cussed Out For ‘Grueling Culture’; Worst Books Ever | 2.23.24

Last Week in Payroll: Will Paid Family and Medical Leave Provision in House-Passed Spending Bill Survive the Senate?

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

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