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.

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MyIRSRelief

NOVEMBER 29, 2019

One of the most important things that a business must report is certain tax information for employment payroll on a quarterly and annual basis. 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. Get debt relief.

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ThomsonReuters

JULY 1, 2022

In our last edition of the Certified Payroll Professional Corner (CPP), we talked about Form I-9 (Employment Eligibility Verification). You may wonder, isn’t this a human resources issue and not a payroll one? What’s interesting to note about the case was the payroll manager played a significant role in the investigation.

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ThomsonReuters

FEBRUARY 14, 2022

Note that the following states do not have a state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. . For federal withholding, see Payroll Guide ¶3820, for W-2 reporting, see Payroll Guide ¶4260 , for 1099-MISC reporting, see Payroll Guide ¶4268.

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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. So how is payroll tax calculated? What is a payroll tax?

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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. Contact Anders The post Employer Payroll Tax Obligations When Employees Work Out-Of-State appeared first on Anders CPA.

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Patriot Software

OCTOBER 21, 2021

Along with a number of states, Washington D.C. Read on to learn all there is to know about the Washington D.C. States like New York, California, and Massachusetts have paid family leave programs so employees can take paid time off for medical and family issues. also started a PFL program in 2019.

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Shay CPA

JUNE 7, 2023

And, of course, you can’t forget about how your layoffs impact your books and payroll. And if you’re in this boat, you should know what it means for your books and your payroll. This will mean more paperwork in the immediate future to close in the state, but it can simplify your books, taxes, and payroll in the long term.

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CPA Practice

FEBRUARY 12, 2024

By Katelyn Washington, Kiplinger Consumer News Service (TNS) A proposal to end federal tax on Social Security retirement benefits would provide relief for retirees as early as next year. The Social Security payroll tax wage base was $160,200 last year. payroll tax on nearly $100,000 more of their wages. from 2023 to 2024.

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CPA Practice

FEBRUARY 2, 2024

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The IRS has granted federal tax relief for taxpayers impacted by severe storms in parts of Rhode Island. Quarterly payroll and excise tax returns normally due on Jan. Quarterly payroll and excise tax returns normally due on Oct. 31 and April 30, 2024.

Rhode Island 113

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ThomsonReuters

JUNE 22, 2021

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Washington. Payroll Changes Coming in July appeared first on Tax & Accounting Blog Posts by Thomson Reuters. West Virginia.

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Patriot Software

JANUARY 16, 2023

Since then, 11 other states have created paid family leave programs (plus Washington D.C.). If you’re an employer in California, you must withhold PFL contributions from employees’ wages while running payroll. California was the first state to create a paid family leave (PFL) program in 2002 (benefits became available in 2004).

California 84

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Patriot Software

AUGUST 29, 2022

As an employer, you must stay on top of your payroll responsibilities, including federal, state, and local taxes and deductions. If you are an employer with employees who work in Washington state, you need to know about the Washington paid family leave program. This article has been updated to include 2022 tax information.

Washington 19

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ThomsonReuters

MARCH 22, 2021

For payroll, in particular, there are a number of taxes. A number of those pages will directly affect payroll. It is a resource that offers a sense of security even if the company has its own full payroll department or outsources payroll duties to a third-party provider. Is there interest on the late taxes?

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CPA Practice

APRIL 18, 2024

Employers are adopting different approaches to help employees set up emergency accounts, typically through payroll deduction into a dedicated account. ©2024 The Kiplinger Washington Editors, Inc. Your emergency fund should be invested in a low-risk account that’s immediately accessible because you never know when you’ll need the money.

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CPA Practice

FEBRUARY 5, 2024

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The IRS has granted federal tax relief for taxpayers impacted by severe storms in parts of Rhode Island. Quarterly payroll and excise tax returns normally due on Jan. Quarterly payroll and excise tax returns normally due on Oct. 31 and April 30, 2024.

Rhode Island 52

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MyIRSRelief

JULY 3, 2023

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. They can help implement internal controls, review payroll processes, and provide guidance to minimize the risk of errors or discrepancies in future ERC claims.

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CPA Practice

SEPTEMBER 12, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) Following Tropical Storm Idalia, the IRS has granted tax relief to South Carolina residents impacted by the storm. 15 to file quarterly payroll and excise tax returns that were normally due on Oct. All contents copyright 2023 The Kiplinger Washington Editors Inc.

South Carolina 64

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CPA Practice

DECEMBER 27, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) Following severe tornadoes and storms that began on Dec. Quarterly payroll and excise tax returns normally due on Jan. All contents copyright 2023 The Kiplinger Washington Editors Inc. 9, the IRS has announced a Tennessee tax deadline extension for affected taxpayers.

Tennessee 69

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CPA Practice

JULY 12, 2023

Some states require employers to pay additional payroll taxes. Plus, currently, nine states do not levy a state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming, although Washington does impose a state capital gains tax.

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CPA Practice

OCTOBER 13, 2023

If you earn more than $160,200 this year, you won’t have to pay the Social Security payroll tax on the amount that exceeds that limit. Social Security wage base increases In 2024, the Social Security wage base limit is set to rise to $168,600. For 2023, the wage base is $160,200. Distributed by Tribune Content Agency LLC.

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PYMNTS

OCTOBER 4, 2019

Also, New York is taking a closer look at the payroll technology space with the fallout from the scandal and collapse of MyPayrollHR. New York is taking a closer look at the payroll technology space with the fallout from the collapse and scandal of MyPayrollHR. vendors to sell CBD items.

New York 49

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CPA Practice

AUGUST 28, 2023

A key reason is that new payroll systems and administrative work will be needed, which many employers feared couldn’t be implemented to allow participants to make Roth catch-up contributions next year. All contents copyright 2023 The Kiplinger Washington Editors Inc. Distributed by Tribune Content Agency LLC.

Tax 98

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CPA Practice

MARCH 12, 2024

The Social Security Administration’s (SSA) trust fund reserves—which supplement the program’s income largely from payroll taxes—help SSA pay full benefits. All contents copyright 2024 The Kiplinger Washington Editors Inc. For a copy of the 188-page budget, visit the whitehouse.gov site. Distributed by Tribune Content Agency LLC.

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CPA Practice

APRIL 28, 2023

Like salaried wages, tips are subject to income and payroll taxes. Instant Financial CEO Tal Clark says that while his company provides one option that automates tax compliance and payroll, many business owners have created their own. Destination Unknown Restaurants, a Washington D.C.-based By Nick Hawkins, Inc.

Georgia 126

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Bharmal&Associates

SEPTEMBER 4, 2020

Clutch’s office is a few steps away from the Washington Monument in the District of Columbia. In another recent review, the owner of Ace Mirror & Glass, Ali Noordin, praised the accounting services for a glass installation company highlighted our ongoing services that we perform for them, including bookkeeping, payroll, and tax services.

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ThomsonReuters

FEBRUARY 7, 2022

Washington. It is crucial that payroll professionals familiarize themselves with minimum wage rates for garnishment calculations in 2022. . For further information on creditor garnishment, visit the Quick Reference Chart on Checkpoint Edge at Payroll Guide ¶17,080 (Highlights of state rules for creditor garnishment). .

Rhode Island 92

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PYMNTS

DECEMBER 18, 2020

This week showed investor interest in B2B FinTech companies in international markets, as a trade finance platform in India and a human resources (HR)/payroll cloud software firm in the U.K. United Kingdom-based HR and payroll cloud software company XCD notched 2 million pounds (approximately $2.7 landed funding rounds.

B2B 77

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CPA Practice

MAY 19, 2023

The Washington Post reported Monday that the IRS had already built a prototype of the system that will launch to a small group of users in January. The IRS report also includes a separate, independent analysis done by New America and Professor Ariel Jurow Kleiman on the Direct File concept.

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CPA Practice

DECEMBER 19, 2023

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. States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days).

Rhode Island 116

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CPA Practice

APRIL 24, 2023

Like salaried wages, tips are subject to income and payroll taxes. Instant Financial CEO Tal Clark says that while his company provides one option that automates tax compliance and payroll, many business owners have created their own. Destination Unknown Restaurants, a Washington D.C.-based By Nick Hawkins, Inc.

Georgia 98

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PYMNTS

AUGUST 5, 2020

ADP found that while June’s payroll was revised upward to 4.3 Adding an added thread of unwelcome uncertainty, elected officials in Washington have failed to agree on a fresh round of economic relief legislation.”. Department of Labor is scheduled to release the closely watched nonfarm payrolls count. On Thursday (Aug.

payroll 78

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ThomsonReuters

MAY 3, 2023

A tax services director in Washington D.C. In the payroll industry, such arrangements are generally referred to as earned wage access or EWA. 3401(b) to provide that on-demand pay arrangements are treated as a weekly payroll period, even if employees have access to their wages during the week. 3102 , Code Sec.

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PYMNTS

FEBRUARY 26, 2020

Software developer and Ukrainian native Volodymyr Kvashuk, 25, from Renton, Washington, worked for Microsoft from 2016 to 2018, and was tasked with testing Microsoft’s online retail sales platform. Among the most common types of internal employee fraud is expense fraud, but payroll fraud is another common occurrence.

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Basis 365

FEBRUARY 16, 2024

Our customers span the United States, from Boston, Massachusetts, to Seattle, Washington, to Dallas, Texas. We offer a full range of accounting services, including bookkeeping, payroll, and financial analysis, all delivered with a personalized touch and a commitment to your success.

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SkagitCountyTaxServices

SEPTEMBER 22, 2021

Small business tax credits soon ending for Skagit County employers this year: The payroll tax credit for the paid leave that employees might have needed over recent months. For instance, if your company is what’s called “a pass-through entity,” there’s a new bill in Washington you should know about. Crazy, right? So, you’re stuck.

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CPA Practice

JULY 27, 2023

However, our longer lifespans and the fact that a smaller percentage of income is applied to the payroll taxes that support the benefit program are also critical issues for Social Security. All contents copyright 2023 The Kiplinger Washington Editors, Inc. Distributed by Tribune Content Agency, LLC.

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