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IRS Promotes E-Filing of Payroll Tax Forms

CPA Practice

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.

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

Anders CPA

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.

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How Law Firm Entity Type Affects Owner Compensation

Withum

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.

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State R&D Tax Credit Benefits: A Guide to Certain Available Credits

Cherry Bekaert

Georgia R&D Tax Credit Georgia offers an R&D Tax Credit that can be immediately monetized to offset payroll tax liabilities. This tax credit is available to businesses that have qualifying research expenses in Georgia.

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The IRS is Trying to Change the Way Businesses Report Tips

CPA Practice

Like salaried wages, tips are subject to income and payroll taxes. Waiters, for instance, are technically required to report tips to their employer, who then withholds and pays the proper taxes. By Nick Hawkins, Inc. TNS) For the past two decades, tipped employees have had the responsibility of reporting their tips to the IRS.

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The Benefits of Delayed Business Filings

CPA Practice

She is the CEO of CorpNet , the most innovative way to start a business, register for payroll taxes, and maintain business compliance across the United States. Generally, a company can choose a “future effective date” 30 to 90 days out. Nellie Akalp is a passionate entrepreneur, recognized business expert, and mother of four.

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The IRS is Trying to Change the Way Businesses Report Tips

CPA Practice

Like salaried wages, tips are subject to income and payroll taxes. Waiters, for instance, are technically required to report tips to their employer, who then withholds and pays the proper taxes. By Nick Hawkins, Inc. TNS) For the past two decades, tipped employees have had the responsibility of reporting their tips to the IRS.

Georgia 98