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

CPA Practice

Finally, some states and cities require employers to withhold special taxes for supplemental wages, such as bonuses and commissions. Compliance and Reporting Ensuring compliance with payroll tax regulations involves timely and accurate reporting to various tax authorities. Filing tax returns and remitting payments on time.

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How to Efficiently Complete a Business Personal Property Rendition

CPA Practice

Most states tax personal property owned by businesses and require businesses to complete and file a personal property rendition every year. The exceptions to that rule are Delaware, Hawaii, Illinois, Iowa, Minnesota, New Hampshire, New Jersey, New York, North Dakota, Ohio, Pennsylvania, and South Dakota.

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Friday Footnotes: The Future of the Profession Sounds Terrible; F Your Weak Salary Bump, EY; Intuit Axes 1,500 People | 7.12.24

Going Concern

And it would include providing funding and/or bonuses for students who obtain the extra 30 hours of college credit required for CPA licensure. Thomson Reuters ] In recent years, the tax, accounting, and audit profession has experienced a staffing crunch. Audit firms have hiring challenges — Is this where technology can help?

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