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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. By Nellie Akalp. for both employees and employers.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

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. Minimum wage increases. 13 states are looking to increase their current minimum wage rates.

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Arizona Paid Sick Leave: Accrual Rate & Beyond

Patriot Software

Several states have laws requiring it—including Arizona. If you’re an Arizona employer, you need to know your sick time responsibilities to stay compliant. So, are you ready to brush up on Arizona paid sick leave? Read on for a Q&A on Arizona sick time, learn […] Read More

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Last Week in Payroll: Backup Withholding

ThomsonReuters

Now let’s take a look at some of the more important payroll stories from the past week. Arizona legislation will increase the state’s unemployment taxable wage base from $7,000 to $8,000 in 2023. The post Last Week in Payroll: Backup Withholding appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Federal News.

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What is the Consumer Price Index, and what does it have to do with payroll?

ThomsonReuters

The Consumer Price Index is involved in payroll topics like minimum wage, benefits, and the federal tax brackets. For the purposes of payroll, the CPI is important for topics such as minimum wage and benefits. Arizona’s 2022 minimum wage rate increased to $12.80 Inflation has risen 7% over the past year. population.

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Payroll Software Buyer’s Guide

CPA Practice

If you’re thinking about offering payroll services or switching from your current payroll software, this guide can help you decide if it’s time for a change. It will also highlight the essential features your new payroll solution should have. Required) When are you considering a payroll software platform change?

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

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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