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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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5 States with the Lowest Combined Business Taxes

CPA Practice

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.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

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.

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Last Week in Payroll: The Ides of March

ThomsonReuters

March 15 used to be a day some might beware of for tax reasons because from 1918 to 1954 this date was the income tax filing deadline. Increasing the earned income tax credit percentage and phase-out percentage from 7.65% to 15.3% Legislation introduced to keep unemployment tax rate increases. In the U.S.,

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Friday Footnotes: EY Pulls Out of Winston-Salem; Clients Exposed in Data Breach; Deloitte Olympians | 7.14.23

Going Concern

The closure leaves KPMG and PricewaterhouseCoopers as the only Big Four firms with offices in the Triad, both in Greensboro (North Carolina). A message left for the EY media relations team was not returned Thursday afternoon. opting to occupy 21,118 square feet in the office tower through 2035.

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Friday Footnotes: EY Shrinks Its Audit Practice; Andersen Going Public; Someone’s Losing a CPA License | 8.23.24

Going Concern

Tip compliance – the tax process for expected earnings from tips – has become a political football in Nevada, with federal lawmakers from both parties piling in to co-sponsor bills or present their vision for how tax exemption for tips should work. Mayer Hoffman McCann ] Mayer Hoffman McCann P.C.

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Trump Pitches Repeal of Tax on Social Security Benefits

CPA Practice

Members of Congress on both sides of the aisle have pushed to exempt Social Security payments from income tax, though no bipartisan proposal has emerged this Congress. Yadira Caraveo of Colorado and Don Davis of North Carolina, whose reelection chances are rated Toss-ups by Inside Elections with Nathan L. Republican Reps.