SMBAccountant

NOVEMBER 17, 2021

Almost every business has some sort of payroll to pay their employees. Payroll can become much more complicated than some assume and it often has a substantial impact on financial results. This typically happens in at least 2 withdrawals; net pay and payroll taxes. From a cursory look, it would seem simple.

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MyIRSRelief

JANUARY 7, 2024

Tax audits can be a daunting experience for any taxpayer, and when it comes to the Employment Development Department (EDD) audits, the stakes can be particularly high. The EDD is responsible for administering unemployment and disability insurance, payroll tax collection, and job training/workforce services in California.

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ThomsonReuters

APRIL 18, 2023

For business owners, payroll is complex and often their greatest expense. For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Payroll errors are certainly a real concern, but with the right tools and resources in place, payroll services can be a growth opportunity for firms.

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MyIRSRelief

MARCH 29, 2024

In the bustling city of Whittier, California, businesses face a myriad of tax-related challenges that can significantly impact their operations and financial health. From business tax preparation to dealing with unpaid back taxes and navigating complex audits, the tax landscape can be daunting.

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MyIRSRelief

JULY 12, 2021

Employment 941 / 940 Payroll Tax Problems. Employment 941 /940 payroll tax problems are very common however the IRS is very aggressive when it comes to unpaid payroll tax collections. You will need to include the following on your payroll: Federal income tax. Medicare tax.

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MyIRSRelief

AUGUST 1, 2023

Recordkeeping and Documentation: Maintaining accurate records of mileage, fuel purchases, expenses, and other relevant financial data can be a daunting task for trucking companies, leaving them vulnerable to audits and penalties. Misclassifying drivers can lead to significant payroll tax issues, penalties, and even legal disputes.

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MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. What is Audit Representation and How Can It Help Me in Corona, CA?

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Withum

FEBRUARY 8, 2023

But as with any popular tax credit or deduction, the IRS is sure to be close behind. We’ve written about IRS audits rolling out last July, and the IRS followed up our article with a warning to taxpayers regarding third-party promotion of improper ERC claims. An IRS audit can be scary, but this is especially true with ERC audits.

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MyIRSRelief

JANUARY 2, 2023

Some common tax problems include: Failing to file a tax return: If you fail to file a tax return (1040, 1120, 1065, 941, etc.), you may be subject to penalties and interest on failure to file and on any unpaid taxes. IRS Audit is a review of your tax return to ensure that the information reported is accurate.

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Bharmal&Associates

OCTOBER 23, 2020

First, if it’s too low and you get caught by the IRS, you will pay not only income taxes and self-employment taxes on the too-low amount, but also both payroll and income tax penalties that can cost plenty. Planning note.

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MyIRSRelief

MARCH 15, 2024

In the bustling city of Whittier, California, individuals and businesses alike face the daunting task of navigating the complex world of taxes. From unfiled tax returns to unpaid back taxes, and from employment 941 payroll issues to the intimidating process of IRS, FTB, EDD, and CDTFA audits, the challenges can seem insurmountable.

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inDinero Tax Tips

MAY 13, 2024

What is payroll tax? Since businesses are responsible for calculating, withholding, and remitting the tax to the government, navigating this process can be an administrative challenge. In this article, we’ll explain the basics of the tax and how to do payroll yourself. How Much Is Payroll Tax?

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inDinero Tax Tips

MAY 13, 2024

What is payroll tax? Since businesses are responsible for calculating, withholding, and remitting the tax to the government, navigating this process can be an administrative challenge. In this article, we’ll explain the basics of the tax and how to do payroll yourself. How Much Is Payroll Tax?

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Basis 365

DECEMBER 28, 2022

Small business owners can use payroll services to manage their tax filings and pay their payroll. However, outsourcing to a third-party payroll service provider is better than trying to handle payroll as you grow. These ten questions will help you choose the right payroll service provider.

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MyIRSRelief

DECEMBER 13, 2024

Mike partners with CPAs and lawyers to address clients facing tax audits, levies, liens, employment 941 payroll tax controversies, non-filers and unpaid back taxes. CPAs and lawyers often encounter clients with tax issues beyond their scope of practice, such as IRS representation or tax controversy resolution.

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Shay CPA

MAY 3, 2023

For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities. As a quick reminder, this is the 6.2% The bad news?

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MyIRSRelief

SEPTEMBER 20, 2021

. – Tax Levy – we release wage and bank levies. – Tax Audits. – Tax Appeal. – Unfiled Tax Returns – 1040, 1120, 1065. – Negotiated Tax Settlements. – Tax Liens. – Tax Planning & Tax Preparation. – Offer in Compromises.

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Shay CPA

MARCH 6, 2024

For most companies, payroll makes up a huge category in the latter. It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities. As a quick reminder, this is the 6.2% The bad news?

payroll tax 52

payroll tax payroll Tax tax return 52

TaxConnex

JUNE 18, 2024

New tax-related data, including transactions and filing information, can help troubleshoot reconciliations, improve forecasts and head off problems that could eventually lead to a sales tax audit (if and when AI fulfills its current hype, that is.) Clearer tax landscape? One recent U.S.

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South Dakota North Dakota Sales Alabama 214

ThomsonReuters

JANUARY 14, 2022

The top payroll related searches for 2021. Payroll practitioners and employers alike continue to be challenged by the unique issues that COVID-19 has imposed on payroll administration. Payroll on Checkpoint has analyzed the searches of our subscribers to create this Top 20 list of topics in the forefront in 2021.

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MyIRSRelief

DECEMBER 29, 2023

These can include failing to file or pay on time, making errors on the form, or not depositing taxes when due. We assist in business employment 941/940 payroll tax compliance and representation. Call us today at 1-877-78-TAXES [1-877-788-2937]. Call us today at 1-877-78-TAXES [1-877-788-2937].

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MyIRSRelief

MAY 15, 2024

Handling Volunteer Labor and Related Issues Nonprofits often utilize volunteers, but this can lead to tax-related complexities, particularly concerning reimbursement and compensation. Common 990 Compliance Issues: preparation & planning Misclassification of volunteers as employees, leading to potential payroll tax liabilities.

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MyIRSRelief

OCTOBER 3, 2022

This is the total of state and county sales tax rates. The California state sales tax rate is currently 6%. The Los Angeles County sales tax rate is 0.25%. Total employers as of 2020 are 291,833 with annual employment payroll of $244,345,310,000 for 3,914,718 employees compared to the LA county’s population of 9,829,544.

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ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

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MyIRSRelief

FEBRUARY 1, 2023

Tax anxiety, TAXIETY, comes in different forms of tax problems such as: What is an IRS audit taxiety? An IRS audit is a review or examination of an individual’s or organization’s tax return to ensure that the information is accurate and that the tax return is being filed in compliance with the tax laws.

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SkagitCountyTaxServices

DECEMBER 7, 2023

Things like estimated tax payments, delayed or accelerated purchasing, and retirement account contributions can all make a big financial impact IF you know where you are going to be sitting on December 31st. Another of those areas is payroll reconciliation. I’ve got a payroll reconciliation list for you.

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Going Concern

JANUARY 9, 2025

TAX CANDIDATES FTE Tax Senior | Candidate ID #23616387 Certifications: EA Education: BS Accounting, MS Taxation Experience (years): 10+ tax and accounting Work experience (detail): 6+ in public accounting 3 in healthcare industry Full cycle accounting and financial reporting Prepared tax filings for individuals, SMBs, partnerships, nonprofits 30% review (..)

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Snyder

DECEMBER 28, 2022

Many small business owners often feel like they might be a heartbeat away from the IRS tax audit. In fact, according to the IRS data , only about 1 percent of taxpayers are facing an audit. percent of small businesses are getting tax audited. What is a tax audit? What does a tax audit mean?

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MyIRSRelief

DECEMBER 2, 2024

For many small business owners, managing the books can be time-consuming and complex, especially when juggling payroll, tax preparation, and other essential financial tasks. This expertise can be especially valuable during tax season or audits, where precision is critical.

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MyIRSRelief

JANUARY 6, 2020

Most Americans think that people who cheat on their taxes are morally reprehensible and not good citizens, but they try to reduce their own tax bills legally. Today, federal, state and local taxes add up to nearly 25% of the US Gross National Product, so they’re pretty adamant that you pay up. Maybe you’ve heard the term Audit.

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Going Concern

OCTOBER 17, 2024

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MyIRSRelief

SEPTEMBER 6, 2024

IRS Representation and Resolution Dealing with the IRS can be intimidating, especially if you are facing an audit, tax dispute, or collection action. We handle all communications with the IRS and provide the necessary documentation to support your tax return.

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Going Concern

NOVEMBER 7, 2024

Sign up now to find your next hire. Drop your information here , and we’ll reach out to schedule a call to discuss how Accountingfly can work for you.

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MyIRSRelief

DECEMBER 6, 2024

Unlike general tax preparers, EAs are federally authorized to represent taxpayers before the IRS, equipped with deep technical knowledge of tax law. Comprehensive Los Angeles Tax Services for Every Situation Mike Habibs firm offers a wide range of services designed to address the full spectrum of tax-related needs.

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Going Concern

JANUARY 17, 2025

Sign up now to find your next hire. Drop your information here , and we’ll reach out to schedule a call to discuss how Accountingfly can work for you.

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Going Concern

AUGUST 29, 2024

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164759 Certifications: CPA in process Education: BA and MA Accounting Experience (years): 20 years business experience Work experience (detail): 6+ in public accounting Provides accounting services for multiple clients Payroll processing and tax filing Prepares Federal filings for SMBs, S-Corps (..)

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Going Concern

DECEMBER 20, 2024

TAX CANDIDATES FTE Tax Senior | Candidate ID #23636747 Certifications: EA Education: BS Experience (years): 5 years tax experience Work experience (detail): All in public accounting 5 tax seasons preparing returns for HNWIs and SMBs 300+ returns per season, 50-50 individuals, businesses Client-facing with S-Corps, partnerships, trusts Business development (..)

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