CPA Practice

MARCH 18, 2024

By Ken Berry The monumental Tax Cuts and Jobs Act—signed on December 22, 2017—featured a slew of provisions affecting individuals and business entities. Although there are exceptions, many of the provisions for individuals are scheduled to expire after 2025. Notably, it reduced the top income tax rate from 39.6%

Tax 106

Tax Expense Reimbursements income tax 106

Withum

OCTOBER 7, 2024

The TCJA suspended the 2% deductibility rule through 2025. Expenses paid under an accountable plan are not treated as income to the employee. If not properly reported and documented, business-related expense reimbursements can be considered taxable compensation to employees and therefore subject to applicable payroll taxes.

Expense Reimbursements 59

Expense Reimbursements accountant Account accounted 59

ThomsonReuters

MARCH 5, 2024

tax system, including provisions affecting both individuals and businesses. Among these were several payroll-related provisions that are set to expire at the end of 2025, presenting challenges and opportunities for employers and employees alike. 199A , should the provision sunset after 2025. .

Tax 98

Tax payroll Expense Reimbursements Gaming 98

ThomsonReuters

MARCH 15, 2023

3401(d)  purposes and be liable for the federal employment and income tax withholding. ”In fact, I would put the odds of enactment before 2025, after the next election cycle, of any provision described in the Biden Budget or Treasury Greenbook as less than 10%,” he said. 45S  expires after Dec. 51  expires after Dec.

payroll tax 52

payroll tax payroll Tax Construction 52