RogerRossmeisl

APRIL 10, 2023

You can save family income and payroll taxes by putting your child on the payroll. Here are four tax advantages. Shifting business earnings You can turn some of your high-taxed income into tax-free or low-taxed income by shifting some business earnings to a child as wages for services performed.

Tax 242

Tax payroll tax payroll CPA 242

RogerRossmeisl

AUGUST 9, 2021

Some types of fraud are more prevalent in the construction industry, particularly payroll and billing fraud. For example, paying under-the-table cash wages to avoid paying payroll taxes could result in criminal charges and significant penalties. These can lead to legal liability and fines.

Construction 240

Construction payroll tax payroll Legal 240

CPA Practice

OCTOBER 27, 2023

The Internal Revenue Service is reminding employers that the best way to file their next quarterly payroll tax return by the Oct. Two options to electronically file payroll tax returns The first option for employers is to self-file by purchasing IRS-approved software that meets their specific needs. This includes the Oct.

payroll tax 105

payroll tax payroll South Carolina Tax 105

RogerRossmeisl

JULY 14, 2021

And you may be able to: Shift your high-taxed income into tax-free or low-taxed income, Realize payroll tax savings (depending on the child’s age and how your business is organized), and Enable retirement plan contributions for the children. However, in order for your.

Tax 246

Tax income tax payroll tax payroll 246

RogerRossmeisl

JUNE 10, 2021

It can be complex to determine whether a worker is an independent contractor or an employee for federal income and employment tax purposes. If a worker is an employee, your company must withhold federal income and payroll taxes, pay the employer’s share of FICA taxes on the wages, plus FUTA tax.

payroll tax 246

payroll tax payroll CPA Tax 246

RogerRossmeisl

NOVEMBER 16, 2021

Distributions from HSAs to cover qualified medical expenses aren’t taxed. Employers don’t have to pay payroll taxes on HSA contributions made by employees through payroll deductions. The post Establishing a Health Savings Account for your Business appeared first on Roger Rossmeisl, CPA. Eligibility rules To be.

payroll tax 221

payroll tax accountant accounted Account 221

RogerRossmeisl

MAY 15, 2023

The question of whether a worker is an independent contractor or an employee for federal income and employment tax purposes is a complex one. If a worker is an employee, your company must withhold federal income and payroll taxes and pay the employer’s share of FICA taxes on the wages, plus FUTA tax.

payroll tax 221

payroll tax CPA payroll Tax 221

CPA Practice

AUGUST 17, 2023

A New Jersey business owner faces a federal prison sentence after failing to pay more than $10 million in payroll taxes. Josef Neuman, 37, of Lakewood, pleaded guilty to willful failure to pay over payroll taxes, the U.S. In all, he defrauded the government of $10,884,373 in payroll taxes in 2017 and 2018.

New Jersey 98

New Jersey payroll tax payroll Tax 98

Anders CPA

MAY 23, 2023

Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees.

payroll tax 98

payroll tax payroll Rhode Island South Dakota 98

RogerRossmeisl

NOVEMBER 7, 2020

it isn’t subject to income or payroll-tax withholding), it isn’t reported on the employee’s Form W-2, and receipts for expenses aren’t required. The post Per-Diem Rates for Post-9/30/20 Business Travel appeared first on Roger Rossmeisl, CPA.

payroll tax 190

payroll tax CPA payroll Government 190

CPA Practice

OCTOBER 28, 2024

File a Final Tax Return When dissolving a business, one of the key steps is filing the last federal, state and local tax returns. Any outstanding tax obligations must be paid. If applicable, final payroll tax returns must also be filed and payroll accounts closed, as well as any sales tax.

tax return 116

tax return payroll tax payroll Legal 116

RogerRossmeisl

DECEMBER 31, 2023

In general, anything of value that you transfer to an employee is included in his or her taxable income (and, therefore, subject to income and payroll taxes) and deductible by your business. The post Giving Gifts and Throwing Parties Can Help Show Gratitude and Provide Tax Breaks appeared first on Roger Rossmeisl, CPA.

Tax 190

Tax payroll tax payroll CPA 190

RogerRossmeisl

MAY 17, 2021

As a business owner, you should be aware that you can save family income and payroll taxes by putting your child on the payroll. Shifting business earnings You can turn some of your high-taxed income into tax-free or low-taxed income by shifting some business earnings to a child as wages for services performed.

Tax 152

Tax payroll tax payroll CPA 152

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.

payroll 107

payroll payroll tax Tax audit 107

Snyder

FEBRUARY 12, 2023

Payroll taxes can be daunting for employers to calculate and pay. With the numerous tax laws, regulations and compliance requirements, employers are required to be up-to-date on the latest regulations to ensure they’re making accurate and timely payroll tax payments. It is not intended to provide any tax advice.

payroll tax 52

payroll tax payroll Tax income tax 52

RogerRossmeisl

NOVEMBER 13, 2022

Distributions from HSAs to cover qualified medical expenses aren’t taxed. Employers don’t have to pay payroll taxes on HSA contributions made by employees through. The post 2023 Limits for Businesses that Have HSAs appeared first on Roger Rossmeisl, CPA.

payroll tax 147

payroll tax payroll CPA Tax 147

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.

audit 130

audit payroll tax Tax auditor 130

Going Concern

OCTOBER 17, 2024

ACCOUNTING CANDIDATES FTE Accounting / Bookkeeping | Candidate ID #18014117 Certifications: QBO ProAdvisor, Xero Certified Education: BA, MBA Accounting Experience (years): 9+ years accounting experience Work experience (detail): Currently a Senior Bookkeeper/Team Lead with a public firm 5+ years managing outsourced accounting for multiple clients (..)

Real Estate 64

Real Estate accountant accounted Account 64

MyIRSRelief

JANUARY 3, 2022

With tax season coming up fast, our thoughts will soon be turning to our books and accounts, as we look to get all of our taxes in order so as to appease the wrath of the tax man. If you’re a small business owner, you will likely already be aware that employment 941 payroll trust fund taxes can cause monumental headaches.

Tax 147

Tax payroll tax payroll Legal 147

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. It is also a good idea to stay current on your tax filings and payments to avoid future tax problems.

Tax 147

Tax tax return payroll tax audit 147

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.

Tax 147

Tax payroll tax tax return payroll 147

CTP

OCTOBER 28, 2024

Many large CPA firms offer financial advisory services including family office services for high-net-worth families. Adding a knowledgeable tax planner to their team can greatly increase the value the firm provides its clients. Lastly, charitable giving management is often a major component of family office services.

Tax 105

Tax Government Real Estate payroll tax 105

RogerRossmeisl

MAY 20, 2021

This means that many workers previously classified as independent contractors are now employees under California law and you must withhold California income and payroll taxes, and meet California’s minimum wage and overtime requirements.

payroll tax 134

payroll tax California payroll CPA 134

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?

payroll tax 52

payroll tax payroll Tax tax return 52

Going Concern

NOVEMBER 7, 2024

Sign up now to view the complete candidate list and connect with potential hires.

Real Estate 52

Real Estate accountant accounted Account 52

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 (..)

Real Estate 52

Real Estate accountant accounted Account 52

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. Discuss Payment Options: If you owe taxes, discuss payment options with your advisor. What should I do?

Tax 130

Tax payroll tax payroll tax return 130

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

SkagitCountyTaxServices

APRIL 20, 2022

What is the Best Payroll Software for Your Skagit County Small Business? The biggest thrill wasn’t in winning on Sunday but in meeting the payroll on Monday.” – Art Rooney, founder, Pittsburgh Steelers. Payroll software can take the headache out of that job, but you have to know what you need and what it can deliver.

payroll 96

payroll payroll tax CPA quickbooks 96

CPA Practice

NOVEMBER 6, 2024

She is the CEO of  CorpNet.com , the smartest way to start a business, register for payroll taxes, and maintain business compliance across the United States. Moderated by: Gail Perry is the editor-in-chief of CPA Practice Advisor. Gail is a member of the AICPA’s PFS Credential Committee.

Indiana 59

Indiana CPA Illinois payroll tax 59

LyfeAccounting

NOVEMBER 17, 2020

With our first business, LYFE Marketing, I remember stressing to figure out what was the best way to pay my taxes. I missed payroll tax filing deadlines that cost me thousands of dollars. Like, literally, I paid my payroll taxes one-day late by accident, the IRS sent me a penalty for over $1,000. Not yet, anyway.

income tax 52

income tax payroll tax payroll Tax 52

SkagitCountyTaxServices

NOVEMBER 9, 2022

Now, speaking of one of those changes, you may have to help your employees navigate a change that’s coming to social security payroll taxes starting 1/1/2023…. And if payroll is something you want us to help you with, drop me a note. Here’s what to know about the changes to social security payroll taxes.

payroll tax 52

payroll tax payroll Tax income tax 52

Anders CPA

JANUARY 7, 2025

In 2025, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k) elective deferrals. Below, we highlight any payroll tax and withholding updates or consistencies for 2025 that employers and employees should be aware of.

payroll tax 52

payroll tax payroll Missouri Tax 52

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 (..)

Real Estate 52

Real Estate accountant accounted Account 52

SkagitCountyTaxServices

NOVEMBER 9, 2022

Now, speaking of one of those changes, you may have to help your employees navigate a change that’s coming to social security payroll taxes starting 1/1/2023…. And if payroll is something you want us to help you with, drop me a note. Here’s what to know about the changes to social security payroll taxes.

payroll tax 52

payroll tax payroll Tax income tax 52

Going Concern

NOVEMBER 21, 2024

TAX CANDIDATES FTE Senior Tax Accountant | Candidate ID #23560436 Certifications: EA in process Education: BBA Accounting Experience (years): 7+ years in public accounting Work experience (detail): Tax manager with a CPA firm Client account clean up Prepared 500+ returns in 2024 tax season Reviewed 200+ returns Client niches: Manufacturing, Hospitality, (..)

Real Estate 52

Real Estate accountant accounted Account 52

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. Tax Levies and Liens: Negotiating the release of liens or levies and preventing further collection actions.

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cpas Tax payroll tax audit 130