MyIRSRelief

AUGUST 10, 2020

Payroll tax resolution issues are amongst the most common reasons for the IRS pursuing Los Angeles or other cities, business taxpayers, or individuals whom they deem should be responsible taxpayers, which is why it’s important to ensure that you resolve any payroll 941/940 tax problems sooner, rather than later, should they arise.

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payroll tax payroll Tax income tax 130

ThomsonReuters

APRIL 18, 2023

For business owners, payroll is complex and often their greatest expense. For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Payroll errors are certainly a real concern, but with the right tools and resources in place, payroll services can be a growth opportunity for firms.

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payroll payroll tax Tax audit 107

ThomsonReuters

JUNE 29, 2022

Summer is starting, so if you are planning to take the Certified Payroll Professional (CPP) exam during the Summer/Fall 2022 testing period, it would be a good idea to start working on those flashcards and find information for the seven main topics of the CPP test. This CPP quiz question will be on employment taxes. The IRS and U.S.

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payroll Tax tax return income tax 97

MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. Compliance with Tax Filings: All tax returns must be filed. What should I do?

Tax 130

Tax payroll tax tax return payroll 130

CPA Practice

MARCH 18, 2024

The state’s Supreme Court recently upheld a controversial capital gains tax , which has been re-challenged in court and could be on the state’s ballot in November for potential repeal. Will other states, like California, implement similar initiatives involving payroll tax deductions? What is long-term care?

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payroll tax Washington payroll Tax 59

Snyder

FEBRUARY 12, 2023

Payroll taxes can be daunting for employers to calculate and pay. With the numerous tax laws, regulations and compliance requirements, employers are required to be up-to-date on the latest regulations to ensure they’re making accurate and timely payroll tax payments. It is not intended to provide any tax advice.

payroll tax 52

payroll tax payroll Tax income tax 52

Ronika Khanna CPA,CA

APRIL 26, 2024

Business tax instalment payments (including GST-QST instalments ) This means that instead of entering the data on the forms that are available via my business account at CRA and RQ and then going to your bank to make payment, either online or via mail, it can all be done at one time through one form that serves as both tax filing and payment.

corporation tax 74

corporation tax payroll Tax Sales 74

Shay CPA

MAY 3, 2023

For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities. As a quick reminder, this is the 6.2%

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payroll tax payroll Tax tax return 52

Anders CPA

MAY 23, 2023

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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payroll tax payroll Rhode Island Tax 98

MyIRSRelief

NOVEMBER 3, 2023

Mike Habib, EA: Your Ally in Navigating Tax Problems Tax issues can be a source of significant stress and confusion. Whether it’s unfiled tax returns, unpaid back taxes, tax audits and appeals, or 941 employment payroll problems, these issues can seem insurmountable.

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MyIRSRelief

MARCH 29, 2024

Employment 941 Payroll Problems Employment 941 payroll problems, such as errors in payroll tax filings, can result in penalties and interest. Businesses in Whittier, California, must ensure accurate and timely filing of Form 941, the Employer’s Quarterly Federal Tax Return.

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California tax services business tax Tax 130

ThomsonReuters

JUNE 29, 2022

We attended American Payroll Association’s (APA) annual Congress in Las Vegas, Nevada. It’s a nice feeling to share, learn, and, yes, sometimes commiserate, over all things payroll. More information on employment taxes, the lookback period, and deposit schedules can be found in Payroll Guide ¶4285.

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payroll Nevada Tax tax return 89

Ronika Khanna CPA,CA

JANUARY 21, 2022

She hadn’t filed her tax return in a few years mostly because she had one T4, figured that she didn’t owe any tax and was simply procrastinating on an unenjoyable task. Benefits of Filing a Tax Returns Receive a refund—or avoid penalties and interest! In this case you might have overpaid or underpaid your taxes.

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tax return Tax payroll tax income tax 52

MyIRSRelief

OCTOBER 1, 2019

If you are facing payroll tax problems, then you have a serious issue on your hands. This is especially true for small business owners and entrepreneurs who may not have the knowledge, experience, or skill set to understand how tax issues with their 940/941payroll and employment got out of hand.

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payroll tax payroll Tax tax return 100

MyIRSRelief

JANUARY 7, 2024

Tax audits can be a daunting experience for any taxpayer, and when it comes to the Employment Development Department (EDD) audits, the stakes can be particularly high. The EDD is responsible for administering unemployment and disability insurance, payroll tax collection, and job training/workforce services in California.

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audit payroll tax Tax auditor 130

Inform Accounting

NOVEMBER 28, 2022

With all of the U-turns on tax policy in the last couple of months, businesses may be confused about what changes are going ahead and which ones have been scrapped by the new chancellor. HMRC suggest that end-users utilise the Check Employment Status for Tax service to help them decide if the off-payroll working rules apply.

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payroll income tax tax return Tax 52

CPA Practice

APRIL 9, 2024

But people should be careful with who they’re following on social media for tax advice. Unlike hacks to fix a leaky kitchen sink or creative makeup tips, people shouldn’t rely on made-up ways on social media to patch up their tax return and boost their refund,” he added. There are two other variations of the W-2 scheme.

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Tax tax return tax preparation payroll 116

Withum

FEBRUARY 2, 2023

R&D Capitalization makes its crash landing onto 2022 tax returns! R&D Capitalization rules taking effect in 2022 could turn an expected tax loss and/or credit into an unexpected tax bill. Let’s Chat The post Fireside Chat: Payroll No Longer Fully Tax Deductible In 2022?!

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payroll Tax tax return tax services 59

ThomsonReuters

AUGUST 19, 2021

Several have asked about making HSA contributions on a pre-tax basis so they can receive income tax savings every payroll period (instead of waiting until they file their tax returns) and avoid paying FICA taxes on those contributions. Our company could also save its share of FICA taxes on the contributions.

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payroll Tax income tax tax return 105

ThomsonReuters

FEBRUARY 9, 2022

Part 2 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including unemployment, disaster relief, paid sick leave, and international. The 2022 tax year version may include more states if the loans are not repaid. The guide also contains information on FUTA taxes.

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payroll California Connecticut Tax 98

MyIRSRelief

JANUARY 2, 2023

Some common tax problems include: Failing to file a tax return: If you fail to file a tax return (1040, 1120, 1065, 941, etc.), you may be subject to penalties and interest on failure to file and on any unpaid taxes. Amending your tax returns could correct these errors.

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Tax tax return payroll tax audit 147

MyIRSRelief

SEPTEMBER 1, 2023

Life has a way of throwing us unexpected challenges, and for many individuals and businesses, tax problems are among the most daunting. But don’t let the weight of back taxes hold you back from financial freedom. Unfiled Tax Returns: The Silent Menace Ignoring unfiled tax returns won’t make them disappear.

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Tax tax return payroll audit 100

CPA Practice

FEBRUARY 2, 2024

Rhode Island tax deadline extensions As a result of the severe storms, the following federal tax deadlines for affected taxpayers in Rhode Island have been extended until June 17, 2024: Individual income tax returns and payments normally due on April 15, 2024. 2023 estimated income tax payments normally due on Sept.

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Rhode Island Tax income tax tax return 113

MyIRSRelief

OCTOBER 3, 2022

There is a substantial amount of time you have to file your taxes, but the process can seem hefty. With the help of Los Angeles tax services firms, you can receive information on your tax return, the amount you owe, and various resources for tax preparation service. The Los Angeles County sales tax rate is 0.25%.

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tax services California Tax tax preparation 147

MyIRSRelief

FEBRUARY 1, 2023

An IRS audit is a review or examination of an individual’s or organization’s tax return to ensure that the information is accurate and that the tax return is being filed in compliance with the tax laws. How to resolve employment 941 payroll taxiety problems? if you do not pay your tax debt.

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Tax tax return cpas audit 147

MyIRSRelief

APRIL 15, 2022

If you are an individual or a business taxpayer who is facing tax problems, you can end your nightmare now. Get tax relief representation and complete resolution today! Get tax relief representation and complete resolution today! Tax representation services help in Connecticut: New Haven-Milford Metropolitan Area.

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Connecticut Tax Real Estate tax return 130

Withum

AUGUST 11, 2022

Payroll Audit Basics for Trustees. Payroll compliance audits perform a central role in this regard. Level Playing Field: payroll audits help trustees differentiate problematic employers from the rest. In these cases, they should direct the payroll auditor to test employers with known or suspected delinquency issues.

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payroll audit auditor general ledger 64

LyfeAccounting

NOVEMBER 17, 2020

With our first business, LYFE Marketing, I remember stressing to figure out what was the best way to pay my taxes. I missed payroll tax filing deadlines that cost me thousands of dollars. Like, literally, I paid my payroll taxes one-day late by accident, the IRS sent me a penalty for over $1,000. Not yet, anyway.

income tax 52

income tax payroll tax payroll Tax 52

CPA Practice

MAY 2, 2024

Protect and make copies of important documents Original documents such as tax returns, Social Security cards, marriage certificates, birth certificates and land ownership documents need to be secured in a waterproof container in a safe space. The IRS reminds employers to carefully choose their payroll service providers.

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payroll tax return Tax 115

CPA Practice

JANUARY 26, 2023

Filing these documents timely prevents late-filing penalties for employers, helps employees file their income tax returns and prevents tax fraud. Use same employer identification number on all forms Employers need to make sure the employer identification number (EIN) on their wage and tax statements (Forms W-2, W-3, etc.)

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payroll tax tax return income tax payroll 128

CPA Practice

FEBRUARY 29, 2024

The Internal Revenue Service has given tax relief for individuals and businesses in parts of Washington state affected by wildfires that began on Aug. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. 15, 2023, and Jan. 31, 2023, and Jan.

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Washington Tax tax return income tax 98

CPA Practice

MAY 11, 2023

At the center of the scheme, according to federal prosecutors, is former IRS agent Frank Mosley, who was also identified as a “current city of Oakland tax enforcement officer.” They then filed fake payroll tax returns with the IRS to conceal receipt of those funds, authorities allege.

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payroll tax return payroll tax Tax 127

CPA Practice

APRIL 1, 2024

A key warning sign that businesses should be aware of are vendors that require large contingency fees and/or fail to sign the amended payroll tax returns. The AICPA has provided a number of resources to its members and the public to help them identify dishonest vendors and has strongly discouraged dealings with these ERC mills.

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cpas payroll tax tax return payroll 114

LyfeAccounting

DECEMBER 31, 2020

Well there are taxes that need to be filed and paid, and this post is going to break down all of it. For the purposes of filing and paying employer payroll taxes, I’d highly recommend using a payroll software like QuickBooks or Gusto. Payroll Tax Filings: Forms That You Need. Those are forms I9 and W-4.

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payroll tax payroll Tax tax return 52

CPA Practice

SEPTEMBER 25, 2023

15, 2024, to file their tax returns and make tax payments because of Hurricane Lee’s impact. The IRS is offering tax relief to any area designated by the Federal Emergency Management Agency (FEMA) , and all 16 counties in Maine and all 14 counties in Massachusetts qualify. So, this is more time to file, not to pay.

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Massachusetts Maine Tax income tax 115

CPA Practice

JANUARY 29, 2024

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season. Another option is the Direct File pilot program.

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tax return Tax income tax tax preparation 116

Withum

JANUARY 31, 2024

The taxpayers eligible for relief under this information release now will have until June 17, 2024, to file various federal individual and business tax returns and to make tax payments. Please note that, as of this time, Rhode Island has not provided an extension of time to file the state income tax returns.

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Rhode Island income tax Tax tax return 72