RogerRossmeisl

AUGUST 9, 2021

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

Construction 240

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CPA Practice

OCTOBER 31, 2023

used in the hiring process under Title VII of the Civil Rights Act of 1964 (see Payroll Guide ¶20,450 ). Recently, Checkpoint Payroll Update spoke with John L. Checkpoint Payroll Update: You work a bit with clients regarding a variety of workplace matters. Checkpoint Payroll Update: Can A.I. Used with permission.

Legal 116

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Patriot Software

SEPTEMBER 2, 2022

There are a number of popular options, like weekly payroll, and some that are a little more out there, like bimonthly payroll. Have you ever heard of bimonthly payroll? You’re trying to figure out a decent pay frequency for your business. If you have, would you consider it for your small business?

payroll 98

payroll Legal 98

MyIRSRelief

MAY 19, 2023

Whether you are a small business owner, self-employed, or an individual taxpayer, you may face tax issues such as tax audits, back taxes, and 941 payroll tax problems. In these situations, seeking professional tax help in New York can make a significant difference in resolving your tax problems and avoiding legal and financial consequences.

New York 147

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Patriot Software

AUGUST 22, 2022

Part of being an employer means running payroll. And chances are, you probably have to deal with a few types of payroll deductions, like 401(k) or health insurance, when paying employees.

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Xero

AUGUST 22, 2022

This week, one of our most highly requested product updates will be going live in Xero Payroll: payroll history. What exactly is payroll history? With payroll history, any time anyone (or anything) makes an update, it’s captured and shown in Xero. When will payroll history be available? . So, what does this mean?

payroll 116

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MyIRSRelief

AUGUST 1, 2022

According to the most up-to-date US Tax Code, all US-based business employers are required to file employment 941 / 940 Payroll Tax forms with the IRS every quarter and year-end at a prescribed date. What is Employment 941 Payroll Tax and who is responsible to the IRS for this tax? Get employment tax help today 1-877-788-2937.

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Patriot Software

AUGUST 31, 2022

Your pay frequency determines how often you process payroll and when employees receive their paychecks. Knowing the difference between biweekly vs. semimonthly payroll can prevent financial setbacks, keep your business legally […] READ MORE. Two popular, yet easily confused, pay periods are biweekly and semimonthly.

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MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems.

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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.

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ThomsonReuters

JULY 1, 2022

In our last edition of the Certified Payroll Professional (CPP) Corner, we talked about overtime. There are a number of payroll-related penalties that can come from the IRS. The due date for submissions is January 31, unless the due date falls on a Saturday, Sunday or legal holiday. Interested in payroll topics?

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Going Concern

MAY 5, 2023

Sky News received some insider info that KPMG UK had a bit of a tax problem last week, relating to the firm’s legal structure and employee contracts. This is on top of a payroll issue last week that meant staff checks arrived late. We will ensure that none of our people will be left out of pocket as a result.”

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Patriot Software

OCTOBER 12, 2022

Is it legal to pay employees in cash? Is it legal […] READ MORE. That may be all well and good for a board game, but does it work in a business setting? Is paying employees in cash the easiest payment method?

Legal 105

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Xero

MARCH 16, 2023

That’s why we have prepared some resources to guide you through a frictionless payroll year end, and be ready for the start of the 2023/24 tax year. We have also introduced a new checklist within Xero Payroll to streamline your tasks and make it easy as we approach year end. You’ll have until 19 April 2023 to make any changes.

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Xero

FEBRUARY 15, 2023

For those working in payroll, that can only mean one thing: year end is approaching. There are four key changes in New Zealand payroll calculations for the new financial year: Adult minimum wage will increase to $22.70 There’s nothing else you need to do to finalise payroll year end. It’s that time of year again. percent to 1.53

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ThomsonReuters

JULY 3, 2024

Checkpoint Payroll Update recently spoke with Alexander T. A new playing field for legal challenges Under the new framework established by the Loper ruling, challengers to agency rules now have a more level playing field. This could occur if a state court decides to align its interpretation of state law with the federal approach.

Legal 97

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CPA Practice

NOVEMBER 14, 2023

Intuit, the maker of QuickBooks , TurboTax , Credit Karma , and Mailchimp , has partnered with Allstate Health Solutions to provide QuickBooks Online Payroll customers with expanded insurance options for their employees, in time for open enrollment season.

quickbooks 98

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ThomsonReuters

AUGUST 19, 2021

Several have asked about making HSA contributions on a pre-tax basis so they can receive income tax savings every payroll period (instead of waiting until they file their tax returns) and avoid paying FICA taxes on those contributions. Code § 125 imposes various legal requirements on cafeteria plans.

payroll 105

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ThomsonReuters

JULY 1, 2022

In our last edition of the Certified Payroll Professional Corner (CPP), we talked about Form I-9 (Employment Eligibility Verification). You may wonder, isn’t this a human resources issue and not a payroll one? What’s interesting to note about the case was the payroll manager played a significant role in the investigation.

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Patriot Software

OCTOBER 18, 2022

Make sure to do it the legal way. Firing an employee is a tough decision for any business owner. No one likes to fire an employee. You may be concerned about hurting the feelings of a likable, yet unproductive, worker. You may know how financially devastating it will be for a hard worker that you […] READ MORE.

Legal 98

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ThomsonReuters

JULY 1, 2022

In a previous edition of the Certified Payroll Professional (CPP) Corner, we talked about gross ups. In Payroll Guide ¶4115 , we discuss the IRS’s formula for completing a gross up. Interested in payroll topics? Gross ups. However, this will be on the CPP exam, so best to understand the formula and practice.

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Patriot Software

SEPTEMBER 13, 2022

If you employ relatives, you need to make sure you’re staying legally compliant and taxing them correctly. If your business falls into the majority, you’ve likely hired a few (or more than a few) family members to work at your company. Otherwise, […] READ MORE.

Legal 98

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CPA Practice

OCTOBER 3, 2024

This webinar will be held on Thursday, November 14, 2024 at 2:00pm ET Sponsor: IRIS Payroll Duration: 1 Hour Register Now Gustavo Fernandez, President of Payroll Service Pros, will share real-world examples to demonstrate the differences and the choices you make play out in practice.

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Patriot Software

JUNE 18, 2021

And if you’re like most businesses, you might be closed on federal legal holidays like Thanksgiving or Christmas. As a small business owner, your doors likely aren’t open 24/7. According to the Bureau of Labor Statistics, the average full-time employee receives approximately 7.6 paid holidays annually.

Legal 91

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MyIRSRelief

JANUARY 3, 2022

If you’re a small business owner, you will likely already be aware that employment 941 payroll trust fund taxes can cause monumental headaches. The trust fund recovery penalty imposed by the IRS is basically a penalty which is equal to the balance of any unpaid employment 941 payroll taxes from your business.

Tax 147

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TaxConnex

FEBRUARY 24, 2022

Many businesses look to outsource the compliance process to remove the stress – and the legal liability. But many business owners have been gut-punched during due diligence when an unanticipated sales and use tax? This can be a daunting process with many steps.

Sales 246

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Withum

JANUARY 20, 2025

As a result, we recommend a comprehensive review of your employment tax reporting function, including: Payroll and accounts payable personnel should identify and review any workers who may be receiving both Form W-2 and Form 1099. Your written worker classification policy should be reviewed and potentially revised.

Healthcare 78

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MyIRSRelief

MARCH 29, 2024

The goal is to optimize a business’s tax position, reducing liabilities while adhering to legal requirements. Unpaid Back Taxes Unpaid back taxes can pose significant challenges for businesses, including penalties, interest, and potential legal action. Errors or omissions in filing this form can lead to penalties and interest.

California 130

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inDinero Tax Tips

MAY 21, 2021

If that sounds like your business, the R&D tax credit and the payroll tax offset should absolutely be part of your tax strategy. Follow along for a brief R&D credit breakdown and how it and the payroll offset work together like a perfect chocolate and vanilla swirl. What is the Payroll Tax Offset?

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CTP

OCTOBER 28, 2024

Administrative & Financial Support Moving into the realm of finances, a family office may handle bookkeeping, legal and estate planning oversight, cash flow management, financial advice, insurance management, accounting and tax filing oversight, and charitable giving management.

Tax 105

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MyIRSRelief

AUGUST 1, 2023

Employment Tax Issues : Employee classification, especially for owner-operators, poses a significant compliance risk, as misclassification can lead to unpaid taxes, fines, and legal consequences. However, managing payroll taxes for these two distinct driver categories can be a daunting task for trucking companies.

payroll tax 130

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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. 941 Employment Tax Issues : Resolving payroll tax disputes to avoid penalties and business disruptions.

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Patriot Software

SEPTEMBER 6, 2022

Some businesses prefer paying employees cash instead of other payment methods, like direct deposit or check. If you choose to pay cash wages, you are still responsible for depositing and reporting employment taxes. Paying employees cash under the table, or off the record, means you fail to pay and report taxes.

Legal 105

Legal Tax payroll 105

MyIRSRelief

FEBRUARY 1, 2023

How to resolve employment 941 payroll taxiety problems? Here are a few options you may consider: Installment agreement: You can set up a payment plan with the IRS to pay off your 941 payroll debt in monthly installments. if you do not pay your tax debt.

Tax 147

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Withum

NOVEMBER 2, 2023

In this digital age, efficient payroll processes are not just about cutting checks; they are a strategic tool that can drive business growth. Here are five key components to a successful payroll management system that all staffing businesses should implement. Essential Components for Effective Payroll Management 1.

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Basis 365

JANUARY 14, 2025

Financial Accounting Team: A dedicated accounting team is essential for daily bookkeeping, bill payment processing, payroll, sales invoicing, and financial statement preparation. Legal Corporate Attorney: Every business needs legal guidance for entity formation, compliance, contract review, and dispute resolution.

bookkeeping 59

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Airbase

AUGUST 11, 2023

Airbase’s Guided Procurement module ensures information needed by stakeholders like IT and legal is collected and inputted into the system. With Airbase, real-time reports on all non-payroll spend can be generated from within Airbase whenever they are needed.

Technology 244

Technology accounting and finance NetSuite Finance 244