ThomsonReuters

JULY 7, 2021

And in 2013, the Additional Medicare tax (0.9%) on wages in excess of $200,000 took effect. In general, the federal income tax, Social Security tax, FUTA tax, Medicare tax, and Additional Medicare tax are considered employment or payroll taxes. Payroll tax relief.

payroll 59

payroll Tax income tax payroll tax 59

CPA Practice

OCTOBER 18, 2023

Property and payroll taxes In addition to business or personal income taxes and sales tax, property and payroll taxes are important considerations. Property tax rates can vary significantly, impacting the cost of owning or leasing business space.

business tax 59

business tax Tax Alaska South Dakota 59

ThomsonReuters

FEBRUARY 7, 2022

Colorado and Oregon will begin collecting assessments for their programs in 2023. . The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. 2022, H447 ). . Proposed legislation ( L. 2022, H5029 ) seeks to establish a PFMLI program.

Missouri 98

Missouri Rhode Island Nebraska Idaho 98

PYMNTS

APRIL 27, 2016

Now legal in 23 states, with recreational use also legal in Alaska, Colorado, Oregon and Washington, marijuana is very much still a cash-based business. In Colorado alone, pot is expected to pour an estimated $120 million in tax revenue into state coffers this year. Meeting that obligation, however, requires a bank account.

Colorado 41

Colorado payroll tax Alaska Oregon 41

ThomsonReuters

FEBRUARY 10, 2022

Department of Labor explains that unemployment insurance is a federal-state program financed through federal and state employer payroll taxes. In benefit-ration states, an employer pays voluntary contributions to cancel benefit charges to its account, thereby reducing its benefit ratio. Virgin Islands.

South Dakota 52

South Dakota Wisconsin North Carolina Nebraska 52

ThomsonReuters

FEBRUARY 9, 2022

The DOL also has a list of potential FUTA credit reduction states for tax year 2022, which includes California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, New Jersey, New York, Pennsylvania, and the U.S. States and localities may also provide tax relief for businesses affected by a disaster. Virgin Islands.

payroll 98

payroll California Connecticut New Jersey 98

ThomsonReuters

DECEMBER 14, 2020

Three COVID-19 relief bills enacted in 2020 had wide-ranging tax implications for companies, Oaks noted—the CARES Act, the Families First Coronavirus Response Act, and the Paycheck Protection Program Flexibility Act. Business Tax Professionals appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

business tax 94

business tax Montana Tax New Hampshire 94

Going Concern

AUGUST 23, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. We were going to run this as a rumor story last week. business public. 1, 2023, and Aug.

audit 105

audit CPA auditor North Carolina 105

CPA Practice

AUGUST 13, 2024

Trump first floated his tip tax idea in Nevada, home to a large number of service industry workers and a key swing state in November. The payroll tax increase in Craig’s bill also would restore full Social Security solvency through 2054, about two decades longer than under current law, according to the Social Security Administration.

North Carolina 98

North Carolina Tax payroll tax Florida 98