CPA Practice

AUGUST 2, 2024

ITEP estimated tax payments including sales and excise taxes, property taxes paid directly or on taxes folded into rent payments, and payroll taxes, which are paid either through paycheck withholding or filing income tax returns.

Tax 119

Tax payroll tax New York California 119

Withum

OCTOBER 3, 2024

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia. Relief periods vary by state.

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

CPA Practice

SEPTEMBER 1, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. 15, 2024, to file various federal individual and business tax returns and make tax payments. Quarterly estimated income tax payments normally due on Sept. 15, 2023, and Jan.

Tax 119

Tax income tax tax return payroll 119

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

Withum

SEPTEMBER 1, 2023

On August 30, 2023, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in parts of Florida that were affected by Hurricane Idalia. 46 of Florida’s 67 counties were mentioned in the News Release, but others have been added since then. 15, 2023, and Jan. 31, 2023, and Jan.

Tax 98

Tax tax return Florida payroll 98

CPA Practice

SEPTEMBER 13, 2023

15, 2024, to file various federal individual and business tax returns and make tax payments. This is similar to relief already being provided in Florida and South Carolina. The IRS noted, however, that because tax payments related to these 2022 returns were due on April 18, 2023, those payments are not eligible for this relief.

Georgia 105

Georgia South Carolina income tax tax return 105

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 52

payroll tax payroll South Dakota Rhode Island 52

xendoo

JULY 15, 2022

Doing payroll may not be your favorite part of running a business. If you haven’t yet, the first step is to learn how to set up payroll. Not only do you have to calculate wages, but you must also account for employment taxes—income, Social Security and Medicare. How to Set Up Payroll.

payroll 59

payroll payroll tax income tax Tax 59

CPA Practice

APRIL 17, 2023

And now, the results are in: IN-FIRM TECHNOLOGIES Federal/State Income Tax Preparation Insight : As was true in every year of voting, the tax prep system category is always the most voted-on, with nearly all respondents selecting a preferred system. We thank the more than 5,000 professionals who participated in voting this year.

quickbooks 130

quickbooks payroll Technology audit 130

ThomsonReuters

MARCH 22, 2021

So, why the brief history lesson on American Colony taxes? To illustrate the point that there are a lot of taxes to keep up with, even back in Colonial times. For payroll, in particular, there are a number of taxes. Is there interest on the late taxes? A number of those pages will directly affect payroll.

payroll 52

payroll Tax Texas Arkansas 52

PYMNTS

SEPTEMBER 8, 2020

For example, in New York state, the top marginal income tax rate is nearly 9 percent, plus another 3 percent in New York City. Yet, in neighboring Connecticut, the top income tax rate is 7 percent. Other states, like Florida, may have no state income tax. Overcoming The Roadblocks.

income tax 68

income tax payroll Connecticut Real Estate 68

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 59

business tax Tax Alaska South Dakota 59

CPA Practice

SEPTEMBER 12, 2023

Some state tax filing and payment deadlines have also been extended. The tax deadline extension for South Carolina follows several other storm-related tax extensions, including a Florida tax deadline extension following Hurricane Idalia. Estimated tax payments originally due between Sept. 31, 2023, and Jan.

South Carolina 64

South Carolina Tax tax return income tax 64

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 52

payroll Rhode Island West Virginia South Dakota 52

ThomsonReuters

APRIL 14, 2022

In November of 2021, Miami, Florida Mayor Francis Suarez responded to a tweet that asked who would be the first U.S. The IRS media relations representative explained on April 8, 2022 that the federal government does not currently accept virtual currencies for the payment of any federal taxes. employment taxes). Conclusion.

New York 119

New York Tax Illinois payroll 119

CPA Practice

JUNE 14, 2023

During a trip to Walt Disney World, a snowstorm in her homebase in Chicago gave her both an extra day in Florida and a new idea. Why not snowbird in Florida for the winter, and during this time scale back to only provide remote services to clients?

Technology 119

Technology Florida bookkeeping AP Automation 119

CPA Practice

MARCH 21, 2023

Across the 10 Texas cities SmartAsset analyzed, a $100,000 salary was worth an average of about $78,000 after taxes and adjusting for cost of living. Texas, along with other low-tax states like Florida, has seen an influx of new residents as remote work grants greater freedom to move to places where paychecks stretch further.

Tennessee 116

Tennessee Texas Florida Transportation 116

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 52

Rhode Island West Virginia South Dakota North Dakota 52

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 52

Rhode Island West Virginia South Dakota North Dakota 52

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 52

Rhode Island West Virginia South Dakota North Dakota 52

xendoo

JANUARY 16, 2023

How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. The term refers to when the IRS taxes the same income twice—once at the corporation level and again on an individual shareholder’s personal income tax.

business tax 52

business tax Tax income tax payroll tax 52

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 52

Rhode Island West Virginia South Dakota North Dakota 52

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 52

Rhode Island West Virginia South Dakota North Dakota 52

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 52

income tax Non-Profits payroll tax Tax 52

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 52

income tax Non-Profits payroll tax Tax 52

PYMNTS

OCTOBER 28, 2019

The Supreme Court decision also appears to enable states to require businesses to file income taxes for revenue shares generated there. Merchants in San Francisco that surpass a certain threshold of gross receipts will face mandatory payroll expense taxes, and Texas is among the states to hit remote sellers with a franchise tax.

South Dakota 42

South Dakota Retail Arizona Texas 42

ThomsonReuters

FEBRUARY 9, 2022

Part 2 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including unemployment, disaster relief, paid sick leave, and international. The 2022 tax year version may include more states if the loans are not repaid. The guide also contains information on FUTA taxes.

payroll 98

payroll California Connecticut New Jersey 98

ThomsonReuters

FEBRUARY 9, 2022

Part 1 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including worker classification, COVID-19 vaccine mandates, and wage and hour. Read part 2 for more 2022 payroll trends. It can result in costly penalties and the payment of back wages and taxes.

payroll 110

payroll New Jersey Florida Hawaii 110

TaxConnex

JANUARY 4, 2024

Sales tax holidays are limited periods, frequently weeks or weekends, where a state allows sales tax to be eliminated or reduced on categories of consumer products, sometimes with conditions attached. In Florida, Mississippi and Tennessee, breaks depended on price limits of items. National sales tax H.R.25

Sales 264

Sales Tax Colorado Alaska 264

CPA Practice

OCTOBER 11, 2024

Because of hurricanes Debby, Helene, and, most recently, Milton, all taxpayers in Florida now have until May 2025 to file individual and business tax returns and make tax payments, the IRS announced on Friday. 9 and crossed through Florida during the morning of Oct. For details, see the Florida page on IRS.gov.

Florida 137

Florida Tax tax return payroll 137

CPA Practice

NOVEMBER 4, 2024

The Massachusetts Opportunity Alliance , a business coalition focused on improving economic competitiveness, has released an analysis pinpointing how the Bruins are losing out on top talent to teams in states without income taxes. It looks like we might have to wait if Massachusetts income taxes remain at their high rate.”

Massachusetts 111

Massachusetts income tax Tax Sports 111

Withum

NOVEMBER 6, 2024

Reclassification of income: The IRS may reclassify a portion of the shareholder distributions as wages, subjecting them to payroll taxes. This includes Social Security, Medicare, and federal unemployment taxes. Reclassified income results in back taxes, creating unexpected financial liabilities for the firm.

payroll tax 72

payroll tax Florida New York payroll 72

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 59

Rhode Island West Virginia South Dakota North Dakota 59

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 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

NOVEMBER 22, 2024

Brown says she pays all of her children, including her 24-year-old son who is on payroll. If you hire your minor kids, they could get a headstart on investing by putting some of their income into a custodial Roth IRA, which requires earned income to open. Additionally, she teaches them about investing in the stock market. “I

Florida 52

Florida income tax Washington payroll 52

ThomsonReuters

FEBRUARY 12, 2021

Hello payroll professionals and welcome to the first edition of Last Week in PAYROLL. national wage rate – Florida even recently voted on a gradual $15.00 But one of the Service’s more anticipated annual publications was issued early last week – Publication 15 (Circular E) Employer’s Tax Guide. The Teleworking Issue.

payroll 95

payroll income tax California Hawaii 95

Going Concern

AUGUST 23, 2024

Kelly Partners furthers its US exposure with new partnership [ Accounting Times ] Kelly Partners Group (KPG) and FRSCPA, a Florida based company, announced the beginning of their partnership through executed agreements, based on a purchase price of AUD$7.6 Mayer Hoffman McCann ] Mayer Hoffman McCann P.C.

audit 105

audit CPA auditor North Carolina 105