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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. Filing tax returns and remitting payments on time.

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Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

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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The Benefits of Delayed Business Filings

CPA Practice

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. But your clients don’t have to select January 1 as their incorporation date. Generally, a company can choose a “future effective date” 30 to 90 days out.

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Ultra-Rich Should Pay More Taxes to Save Social Security, Poll Shows

CPA Practice

More than half say they approve of trimming benefits for high-earners, and for taxing wages for Social Security beyond the first $168,600 in earnings as done under current policy. The poll was conducted among registered voters in Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin between April 8-15.

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Trump Pitches Repeal of Tax on Social Security Benefits

CPA Practice

And seniors are well-represented in swing states like Pennsylvania, Michigan, Wisconsin, Florida and Arizona. 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.

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Harris, Trump Duel for Voters With Budget-Busting Tax Proposals

CPA Practice

Donors to his campaign can receive stickers that read “VOTE TRUMP FOR NO TAX ON TIPS” to put on their restaurant checks. Harris, too, chose Las Vegas to make a similar campaign promise to cut taxes on tips—although her proposal would apply only to federal income taxes and leave payroll taxes for Social Security and Medicare intact.

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