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

CPA Practice

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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The PA Employer’s No-fuss Guide to Payroll Tax in Pennsylvania 

Patriot Software

Payroll tax in Pennsylvania is notoriously difficult, confusing, and overwhelming for new and veteran employers alike. And when it comes to payroll, you probably don’t want to waste time making preventable payroll mistakes. And, we’ve provided plenty of […] READ MORE.

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Payroll Tax News Updates: April 2024

CPA Practice

Although he wasn’t involved with payroll, he had check-signing authority over one bank account used solely to buy parts for the business. Now a district court in Pennsylvania has determined that he isn’t a responsible person (Powell, Civil Action No. But the manager wasn’t aware of the company’s failure to pay employment taxes on time.

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New Jersey Enacts Payroll Tax “Convenience of Employer” Rule

Withum

Enacted on July 21, 2023, New Jersey A4694 creates a “Convenience of Employer” rule, affecting both employers and employees for payroll tax reporting purposes. Let’s Talk It is vital that businesses review their payroll tax withholding tax policies as remote work continues to be commonplace.

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New Washington State Payroll Tax Targets Long-Term Care Expenses

CPA Practice

Now, a first-of-its-kind state payroll tax aims to assist eligible families with a significant challenge—long-term care costs—through a Washington Cares program. Will other states, like California, implement similar initiatives involving payroll tax deductions? Those payroll deductions started last year, July 1, 2023.

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An Employer’s Guide to Multi-State Payroll Tax Withholding for Remote Workers

Anders CPA

Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees.

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Ultra-Rich Should Pay More Taxes to Save Social Security, Poll Shows

CPA Practice

The poll was conducted among registered voters in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin between April 8-15. Around one-fourth of poll respondents supported those policies, while about a third support increasing payroll taxes. The surveys were conducted online from April 8-15.