Delaware, income tax and payroll - Accountant Advocate

An Employer’s Guide to Multi-State Payroll Tax Withholding for Remote Workers

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

payroll tax payroll Rhode Island South Dakota

Last Week in Payroll: Localization of Work

ThomsonReuters

JUNE 14, 2021

On June 8, 2021, legislation passed that would eliminate Delaware’s youth and training subminimum wages. Delaware law currently allows employers to pay a training wage (first 90 days for employees 18 or older) or a youth wage (employees under the age of 18) of $0.50 Significant tax bill passed. per hour minimum wage.

payroll

payroll Missouri Virginia Delaware

Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero Tax Tips

APRIL 20, 2021

From startups to public enterprises, your bottom line is affected by your state of incorporation’s corporate income tax, excise (sales and use) tax, sales tax , physical and economic nexus tax, franchise tax, and gross income tax. Delaware has more corporate entities than people for a reason.

Delaware

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

Anders CPA

MAY 15, 2023

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.

payroll tax

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5 States with the Lowest Combined Business Taxes

CPA Practice

OCTOBER 18, 2023

Some key factors to evaluate include: Tax rates Tax rates vary widely across states. Some states have higher corporate income tax rates, while others offer lower rates or no tax at all. Property tax rates can vary significantly, impacting the cost of owning or leasing business space.

business tax

business tax Tax Alaska South Dakota

Mastering U.S. Federal Payroll Compliance

CPA Practice

OCTOBER 22, 2024

In this white paper, we break down the key federal payroll laws, explore important compliance insights, highlight the role of technology, and provide practical tips for maintaining compliance. federal payroll compliance is an ongoing process that requires vigilance and dedication. Fill out the form below to access this resource.

payroll

payroll Rhode Island West Virginia South Dakota

Demystifying Taxes for Startup Founders: Deadlines You Need to Know

Shay CPA

JANUARY 17, 2024

ASAP: Check state deadlines While a lot of states follow the IRS’s lead and require tax filings by mid-April, not all do. Usually, there’s not a ton of deviation from the IRS’s date — Iowa requires corporate income taxes by April 30, for example. You still need to pay any taxes you owe by April 15.

Delaware

Delaware Tax income tax Iowa

The Collaborative Accountant

CPA Practice

AUGUST 26, 2024

Download the guide to ensure your next payroll software platform is the right one. million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve? million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve?

Rhode Island

Rhode Island West Virginia South Dakota North Dakota

The Hidden Gem to Firm Growth and Smoother Operations

CPA Practice

SEPTEMBER 20, 2024

Download the guide to ensure your next payroll software platform is the right one. million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces? million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?

Rhode Island

Rhode Island West Virginia South Dakota North Dakota

Eliminate Manual Work and Accelerate Accounts Receivable

CPA Practice

OCTOBER 23, 2024

Email (Required) Number of Employees at Your Firm (Required) Number of Employees at Your Firm Sole Proprietor 2 To 4 5 To 9 10 To 19 20 To 49 50 Or More Full Name (Required) State / Province (Required) State / Province Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas (..)

Rhode Island

Rhode Island West Virginia South Dakota North Dakota

Oklahoma Taxpayers Get Extended Deadline Due to Storms

CPA Practice

JULY 5, 2024

Following the disaster declaration issued by the Federal Emergency Management Agency (FEMA ), individuals and households that reside or have a business in: Blaine, Caddo, Cluster, Delaware, Jackson, Mayes, Muskogee, and Rogers counties qualify for tax relief. Under section 7508A, the IRS gives affected taxpayers until Nov.

Oklahoma

Oklahoma tax return income tax Delaware

The new comprehensive document management solution from IRIS

CPA Practice

JULY 19, 2024

Download the guide to ensure your next payroll software platform is the right one. million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system? million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system?

Rhode Island

Rhode Island West Virginia South Dakota North Dakota

How to Become a Financial Hero to Your SMB Clients

CPA Practice

SEPTEMBER 3, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use? million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use?

Rhode Island

Rhode Island West Virginia South Dakota North Dakota

Accounting Firm Leaders Discuss Challenges/Benefits of a Remote Workforce

ThomsonReuters

JUNE 11, 2024

Employers and payroll professionals face a complex web of challenges while managing remote and hybrid work arrangements, particularly concerning state income tax withholding and compliance with varying state labor laws. And there are more than just tax challenges an employer may face when employees work remotely.

accounting firms

accounting firms Account accountant accounted

Direct vs. indirect tax: the differences

ThomsonReuters

FEBRUARY 6, 2024

The differences between direct tax and indirect tax are important to understand. Direct tax is paid directly by the taxpayer to the government and cannot be shifted, like federal income tax. In contrast, indirect tax, such as business property taxes, can be passed on or shifted to others.

Tax

Tax income tax Oregon Ohio

Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

DECEMBER 7, 2022

Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts. State franchise and income tax accounts. File away R&D tax credit and pandemic aid documentation. Workers’ compensation. Disability insurance.

tax accountant

tax accountant Tax tax return accountant

Tax Implementation Guides: Forming a New Entity

CTP

JULY 1, 2024

Determine the domicile From a tax perspective, where does it make sense for this entity type to be geographically based? Deciding on a domicile requires more thought than simply choosing a state with no income tax, such as Delaware, Nevada, or Texas. Domicile” is the official term for the principal place of business.

Tax

Tax Delaware Nevada tax planning

When are taxes due in 2024?

inDinero Tax Tips

JANUARY 16, 2024

September 16th, 2024: Third Quarter Estimated Tax Payments. December 16th, 2024: Fourth Quarter Estimated Tax Payments. Delaware Corporations March 1st, 2024: Delaware Annual Franchise Report C-Corporations April 15th, 2024: Form 1120 – File return and pay tax due.

Tax

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How to Convert LLC to S Corp or C Corp

inDinero Tax Tips

MARCH 13, 2023

An LLC’s profits and losses pass straight through to the owners and are taxed as part of their income. In contrast, the profits you earn in an S corp are taxed separately. You can choose to become an employee of the S corp, be paid a reasonable salary, and incur payroll taxes on those wages.

income tax

income tax Non-Profits payroll tax Tax

How to Convert LLC to S Corp or C Corp

inDinero Tax Tips

MARCH 13, 2023

An LLC’s profits and losses pass straight through to the owners and are taxed as part of their income. In contrast, the profits you earn in an S corp are taxed separately. You can choose to become an employee of the S corp, be paid a reasonable salary, and incur payroll taxes on those wages.

income tax

income tax Non-Profits payroll tax Tax

Shutting Down Your Tech Company? Here’s What You Need to Know

Shay CPA

DECEMBER 27, 2023

Submit your final tax filings Some states (including Delaware) require you to get fully paid up on your taxes before you can dissolve your corporation. You might need to pay the current calendar year’s franchise tax before you can officially close up shop, for example. But the list extends far beyond that.

general ledger

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Founders – Get Huge Tax Breaks by acting now!

Shay CPA

DECEMBER 2, 2022

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

Tax

Tax Technology CPA tax planning

Checklist: Ensure your firm’s success this upcoming tax season

CPA Practice

NOVEMBER 4, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces? million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?

Rhode Island

Rhode Island West Virginia South Dakota North Dakota

Transforming Your Firm: The Impact of Smarter Engagements

CPA Practice

OCTOBER 30, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What software or tools are you using to manage your engagements, or how does your team currently manage client engagements and reporting processes?

Rhode Island

Rhode Island West Virginia South Dakota North Dakota

Accountant Advocate

An Employer’s Guide to Multi-State Payroll Tax Withholding for Remote Workers

Last Week in Payroll: Localization of Work

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Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

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

5 States with the Lowest Combined Business Taxes

Mastering U.S. Federal Payroll Compliance

Demystifying Taxes for Startup Founders: Deadlines You Need to Know

The Collaborative Accountant

The Hidden Gem to Firm Growth and Smoother Operations

Eliminate Manual Work and Accelerate Accounts Receivable

Oklahoma Taxpayers Get Extended Deadline Due to Storms

The new comprehensive document management solution from IRIS

How to Become a Financial Hero to Your SMB Clients

Accounting Firm Leaders Discuss Challenges/Benefits of a Remote Workforce

Direct vs. indirect tax: the differences

Shutting Down a Tech Company – Some Tax/Accounting Tips

Tax Implementation Guides: Forming a New Entity

When are taxes due in 2024?

How to Convert LLC to S Corp or C Corp

How to Convert LLC to S Corp or C Corp

Shutting Down Your Tech Company? Here’s What You Need to Know

Founders – Get Huge Tax Breaks by acting now!

Checklist: Ensure your firm’s success this upcoming tax season

Transforming Your Firm: The Impact of Smarter Engagements

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