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Understanding Nevada LLC Taxes

inDinero Tax Tips

You may have heard that Nevada LLC taxes are favorable to business owners. In this article, we’ll cover everything you need to know about Nevada LLC taxes, from pass-through treatment to self-employment, sales, and payroll taxes. This applies to all LLCs, not just those incorporated in Nevada.

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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. By Nellie Akalp. for both employees and employers.

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Payroll Considerations: When an Employee Dies

ThomsonReuters

Note that the following states do not have a state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. . For federal withholding, see Payroll Guide ¶3820, for W-2 reporting, see Payroll Guide ¶4260 , for 1099-MISC reporting, see Payroll Guide ¶4268.

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The Certified Payroll Professional Corner: Fringe Benefits

ThomsonReuters

We attended American Payroll Association’s (APA) annual Congress in Las Vegas, Nevada. It’s a nice feeling to share, learn, and, yes, sometimes commiserate, over all things payroll. More information on employment taxes, the lookback period, and deposit schedules can be found in Payroll Guide ¶4285.

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

Anders CPA

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.

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Last Week in Payroll: Backup Withholding

ThomsonReuters

Now let’s take a look at some of the more important payroll stories from the past week. Nevada legislation addresses lump sum payments made to employees or other income recipients who are subject to a child support withholding order. The IRS’s most recent estimate of the tax gap was $441 billion. Federal News.

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Payroll Software Buyer’s Guide

CPA Practice

If you’re thinking about offering payroll services or switching from your current payroll software, this guide can help you decide if it’s time for a change. It will also highlight the essential features your new payroll solution should have. Required) When are you considering a payroll software platform change?

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