ThomsonReuters

JANUARY 30, 2023

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. The bill also calls for any unused PFMLI premiums to be reverted to the General Fund.

payroll 105

payroll Hawaii West Virginia Oklahoma 105

Patriot Software

AUGUST 31, 2022

Commuter benefits aren’t just popular in big cities with prevalent public transportation systems. But coming up with unique and appealing perks, like commuter benefits, can further your chances of attracting and retaining top talent. Any employer can give employees the gift of […] READ MORE.

Transportation 78

Transportation Tax payroll 78

MyIRSRelief

MARCH 15, 2023

As a trucker, filing taxes can be a daunting task. The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action.

tax accountant 130

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ThomsonReuters

APRIL 25, 2023

The CPI and payroll are intertwined in a variety of ways. Employers and payroll professionals look to these monthly numbers to make changes and adjustments to payroll systems and also to forecast possible impact on the business in the near future. tax on workers’ wages earned each year up to that year’s wage base.

payroll 59

payroll income tax Tax California 59

Cherry Bekaert

JUNE 12, 2023

Tennessee Works Tax Act Tennessee recently enacted the Senate Bill 275/House Bill 323, the Tennessee Works Tax Act , as the single largest tax cut in state history. property, payroll, three times receipts with a denominator of five) that applied to tax years ending before December 31, 2023.

Tennessee 93

Tennessee Tax payroll Sales 93

MyIRSRelief

JANUARY 16, 2023

When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost.

tax preparation 130

tax preparation income tax Tax Real Estate 130

Snyder

FEBRUARY 7, 2023

Tax liability is an inevitable part of running a business. Every year business owners have to bear the burden of the tax season, paying taxes for income, payroll, property, sales, and so on. In total, nearly 30% of a business’ income is needed to cover all tax payments. What exactly are tax deductions?

Tax 98

Tax business tax Real Estate Legal 98

inDinero Tax Tips

JUNE 24, 2023

Business tax deductions – three words that can cause stress and confusion for even the most seasoned entrepreneurs. It’s no wonder that tracking and claiming tax-deductible business expenses falls by the wayside. In general, the IRS has this to say: “To be deductible, a business expense must be both ordinary and necessary.

Tax 80

Tax accrual accounting tax return payroll tax 80

CPA Practice

JANUARY 2, 2024

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 114

Illinois Pharmaceutical E-commerce audit 114

Katz,Sapper&Miller

APRIL 26, 2019

In the aftermath of tax reform, more carriers are considering implementing per diem plans which can provide clear payroll and income tax savings. Dave Hatch and Tommy Dean, both with HCH Transportation Advisors, will also discuss how carriers can stay compliant once a plan is in place.

Transportation 47

Transportation Kentucky Tennessee income tax 47

MyIRSRelief

MARCH 31, 2020

Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. An additional $500 additional payment will be sent to taxpayers for each qualifying child dependent under age 17 (using the qualification rules under the Child Tax Credit).

Tax 100

Tax payroll tax payroll Non-Profits 100

PYMNTS

MAY 1, 2020

Small businesses fortunate enough to get their Paycheck Protection Program (PPP) loans forgiven will forfeit some tax breaks, according to new rules from the Internal Revenue Service (IRS). . This treatment prevents a double tax benefit,” the agency said in the notice. This conclusion is consistent with prior guidance of the IRS.”.

Tax 70

Tax payroll tax return Healthcare 70

MyIRSRelief

NOVEMBER 19, 2021

If you’re like most, then taxes are probably not your favorite thing in the world. In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe. A tax credit is something that reduces your taxable income.

Tax 100

Tax CPA Education business tax 100

xendoo

APRIL 8, 2022

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?

business tax 97

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Katz,Sapper&Miller

AUGUST 23, 2019

In the aftermath of tax reform, which impacted company drivers by eliminating the personal income tax deduction for out-of-pocket business expenses, more carriers are considering implementing per diem plans to help offset this change.

Transportation 44

Transportation income tax Tax payroll 44

Withum

NOVEMBER 17, 2022

In recent years there have been significant changes to the State and Local Tax Nexus rules. The Wayfair case validated economic nexus for sales tax purposes and amplified economic nexus for income tax purposes, signaling to all states that economic nexus is sound law. SaaS), advertising, transportation.

tax planning 52

tax planning Tax income tax CPA 52

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. Digital download (ebook) Available at Amazon Tax Deductions: What types of expenses are deductible? There are specific rules with respect to tax deductions for clothing expenses.

Tax 52

Tax tax return business tax income tax 52

Katz,Sapper&Miller

MAY 21, 2019

In the aftermath of tax reform, which impacted company drivers by eliminating the personal income tax deduction for out of pocket business expenses, more carriers are considering implementing per diem plans. However, running afoul of the IRS’s accountable plan rules can jeopardize these savings.

Transportation 40

Transportation income tax Tax payroll 40

CPA Practice

MAY 17, 2023

The day is part of Small Business Success Month by Intuit, the company that makes professional and consumer financial management and tax software, including QuickBooks , TurboTax , Credit Karma , and Mailchimp. As a business owner, you have to wear a lot of different hats…I’m the owner, operations manager, I manage payroll and bookkeeping.

Louisiana 97

Louisiana quickbooks Michigan Transportation 97

Anders CPA

MARCH 18, 2024

A company’s operating profit is the revenue it generates before the deduction of interest and taxes, but after other operating expenses have already been accounted for (such as fuel costs, equipment, etc.). Therein lies part of the problem. There are different types of profit. What Factors Impact Profits for Trucking Companies?

Transportation 52

Transportation accounting and finance Start-ups Tax 52

CPA Practice

MARCH 21, 2023

For many, reaching a six-figure salary is a watershed moment, yet it’s an illusory milestone: In reality, your take-home pay is much lower after taxes and factoring in the sky-high cost of living in many major cities. The state of Tennessee doesn’t tax earned income. Seven of the top 10 cities are in Texas, a state known for low taxes.

Tennessee 116

Tennessee Texas Florida Tax 116

CPA Practice

JULY 19, 2023

A 529 is a tax-advantaged account into which parents – and anyone, really – can deposit money in anticipation of one day paying college expenses. Contributions are not federally tax-deductible, but many states do offer a state tax deduction. You can’t double-dip by getting the tax credit while paying with 529 money.

Education 98

Education Transportation Michigan Virginia 98

CPA Practice

MAY 23, 2023

Companies have more women on their payrolls than ever before, in part because of a steady rise in the share of women ages 25 to 54 who are employed or searching for work. Now, they’re leading the recovery. The participation rate for that group climbed to a record high of 77.5%

Florida 101

Florida payroll Hospitality Transportation 101

Going Concern

SEPTEMBER 11, 2023

audit, tax and advisory firm, today announced the establishment of an AI and Digital Innovation group led by a newly named Vice Chair, Steve Chase. New data from payroll processor ADP, released this week, show that promotions increase the chance that a person will leave their job.

Account 103

Account accountant accounted audit 103

Going Concern

AUGUST 25, 2023

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

tax preparation 93

tax preparation CPA payroll tax Illinois 93

Going Concern

JUNE 1, 2023

Bringing things back to this decade, he then talks about what’s going on at PwC Australia even though auditors weren’t the ones using confidential government data to bill clients for tax avoidance plans.

auditor 113

auditor audit Government Transportation 113

PYMNTS

JANUARY 10, 2020

This makes for a decade of steady payroll growth, which is the longest stretch in 80 years, according to a report by The Wall Street Journal. The hiring slowdown was indicative of employers’ difficulty in finding enough workers, as well as worldwide economic trepidation and lingering effects of the 2018 tax cuts.

payroll 52

payroll Hospitality Construction Healthcare 52

Withum

JUNE 8, 2023

Items such as employee bonuses, bank fees, and business taxes are often excluded from the overhead rate calculation, when in actuality, a portion of those expenses may be allowable. Accounting software often presents limitations, such as a single expense account for all payroll expenses.

general ledger 52

general ledger Transportation accounting software payroll 52

Going Concern

JULY 14, 2023

Offices and workplaces gradually becoming busier, EY study finds [ The Irish Times ] Offices and workplaces around the world are gradually becoming busier, leading to a noticeable increase in public transport usage, according to a study by EY.

North Carolina 89

North Carolina accounting firms accounting and finance audit 89

PYMNTS

OCTOBER 21, 2019

Payroll fraud is another common occurrence, and this week’s Data Digest reveals not just cases of expense fraud, but also various methods of payroll fraud, including inflating overtime figures and stealing payroll checks. But it’s not the only way employees can steal company cash.

payroll 44

payroll Technology Ohio Transportation 44

xendoo

SEPTEMBER 4, 2020

As long as these cash handouts are used for payroll and other essential operating expenses, it’s free money. It’s possible — but not yet clear — that transportation costs for a business vehicle could be included as well. You’ll need to document: Full-time equivalent employees on payroll and their pay rates.

payroll 52

payroll Transportation small business accounting Legal 52

ThomsonReuters

FEBRUARY 15, 2022

The Consumer Price Index is involved in payroll topics like minimum wage, benefits, and the federal tax brackets. For the purposes of payroll, the CPI is important for topics such as minimum wage and benefits. This is important to employers for payroll because there are a lot of minimum wage rate changes to keep up with.

payroll 98

payroll Alaska income tax Tax 98

Snyder

NOVEMBER 3, 2022

Sales expenses which are made of salaries and wages of salespeople together with commissions, payroll taxes, and benefits. These may include transport expenses, accommodation fees, cost of meals, calls, and whatever is reasonably needed by a person on a business trip. Calculating and reporting SG&A expenses.

Non-Profits 52

Non-Profits Manufacturing E-commerce payroll 52

CPA Practice

SEPTEMBER 8, 2023

In some places it’s about reliable public transportation. In Hong Kong, tiny apartments and an efficient public transport system have given residents fewer reasons to work from home. “Some of it is absolutely cultural — some places have more expectations of people coming in,” said Ryan. “In

Real Estate 110

Real Estate New York Government Transportation 110

PYMNTS

SEPTEMBER 13, 2018

Take a look at how different occupations use digital marketplaces in this roundup: Half of the full-time gig workers in transportation and materials moving use marketplaces. At the same time, gig work is more than simply side hustle: 47 percent of gig workers held full-time jobs in the second quarter.

Transportation 45

Transportation Entertainment Sports payroll 45

Ryan Lazanis

AUGUST 22, 2022

Tasks with deadlines, like tax preparation, need to be logged and then assigned to team members so that you can all collaborate together. With accounting firms & tax professionals having hundreds and even thousands of tasks across the business, you’ll need more than Quickbooks Online or Xero. kinda like your tax software).

Account 105

Account accountant accounted quickbooks 105

ThomsonReuters

JUNE 10, 2021

Summertime Tax Tips. Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. Biden Administration issues tax proposals “Green Book.” New legislation raises wages for transportation workers. Also, 12 U.S. Department of Labor enforcement.

payroll 98

payroll Vermont Tax Connecticut 98