Dent Moses

JUNE 14, 2023

The Alabama Legislature recently passed HB217 which was signed into law by Governor Ivy. The bill eliminates the 5% tax on overtime pay for a fixed period of time. Key Provisions: The bill exempts Alabama state tax withholding on overtime from January 2024 through June of 2025 – extension will require a renewal by lawmakers.

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CPA Practice

FEBRUARY 27, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 various tax filing and payment deadlines, including those for most calendar-year 2022 individual and business returns.

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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. The following local income tax rates will increase on July 1: (1) Cridersville increases to 1.5% Negative reporting is not accepted.

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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. Below we dive into the state and unemployment tax responsibilities employers need to know.

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CPA Practice

OCTOBER 22, 2024

In this white paper, we break down the key federal payroll laws, explore important compliance insights, highlight the role of technology, and provide practical tips for maintaining compliance. federal payroll compliance is an ongoing process that requires vigilance and dedication. Fill out the form below to access this resource.

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CPA Practice

OCTOBER 18, 2023

Some key factors to evaluate include: Tax rates Tax rates vary widely across states. Some states have higher corporate income tax rates, while others offer lower rates or no tax at all. Property tax rates can vary significantly, impacting the cost of owning or leasing business space.

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business tax Tax Alaska South Dakota 59

CPA Practice

AUGUST 26, 2024

Download the guide to ensure your next payroll software platform is the right one. Sign in or subscribe to get access to this free resource, and all of our whitepapers. million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve?

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CPA Practice

SEPTEMBER 20, 2024

Download the guide to ensure your next payroll software platform is the right one. Sign in or subscribe to get access to this free resource, and all of our whitepapers. million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?

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CPA Practice

OCTOBER 23, 2024

Email (Required) Number of Employees at Your Firm (Required) Number of Employees at Your Firm Sole Proprietor 2 To 4 5 To 9 10 To 19 20 To 49 50 Or More Full Name (Required) State / Province (Required) State / Province Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas (..)

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CPA Practice

JULY 19, 2024

Download the guide to ensure your next payroll software platform is the right one. Sign in or subscribe to get access to this free resource, and all of our whitepapers. million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system?

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CPA Practice

SEPTEMBER 3, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use? million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use?

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inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. To compete for business tax income with New Jersey and New York, Delaware made incorporating within its borders easier for absentee (aka out-of-state) companies and incentivized absentee companies to do so.

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ThomsonReuters

JUNE 28, 2021

Although it is possible to automate payroll systems to account for these minimum wage increases, it is a good idea for payroll professionals to be aware of these changes to avoid the possibility of underpaying employees. Now let’s go over some federal and state payroll stories from the past week. Federal News.

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TaxConnex

JANUARY 4, 2024

Last summer, for instance, Puerto Rico gave a break on school uniforms and supplies; Alabama cut shoppers tax slack on school supplies, clothing and computers. This year, multiple states introduced new sales tax exemptions, too. Virginia, Alabama and Kansas gave breaks on groceries. National sales tax H.R.25

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CPA Practice

NOVEMBER 4, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces? million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?

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CPA Practice

OCTOBER 30, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What software or tools are you using to manage your engagements, or how does your team currently manage client engagements and reporting processes?

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ThomsonReuters

APRIL 24, 2024

Beginning In 2024, Alabama uses a unique approach to address its labor shortage. Checkpoint Payroll Update caught up with John Wertz, tax attorney and partner at Holland & Knight’s New York office, to discuss this first-of-its-kind law. Some states have removed some restrictions in child labor provisions to fill gaps.

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Going Concern

AUGUST 23, 2024

As the chairman and president of National Speed, Taylor was responsible for withholding Social Security, Medicare, and income taxes from employees’ wages and paying those taxes to the IRS. Mayer Hoffman McCann ] Mayer Hoffman McCann P.C. To then have to wait nearly two years for resolution adds unnecessary hardship.

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