Patriot Software

APRIL 15, 2024

Payroll is arguably a business’s biggest expense. To accurately budget for your payroll-related expenses, try payroll forecasting. Payroll forecasting is an essential part of financial planning that requires you to analyze and understand your company’s payroll data. Read on to learn […] Read More

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payroll Tax 100

CPA Practice

AUGUST 9, 2024

Hosts Randy Johnston and Brian Tankersley, CPA, review CYMA Payroll , a system designed for providers offering volume payroll processing and unique markets that process complex payroll. Well, I want to talk to you today about an accounting software product called Saima Cy MA and their payroll system.

payroll 119

payroll Technology Account accountant 119

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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payroll tax payroll audit Tax 147

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. 941 Payroll Tax Problems 941 payroll taxes are federal taxes that employers must withhold from their employees’ wages and pay to the IRS quarterly.

New York 147

New York payroll tax payroll audit 147

CPA Practice

APRIL 9, 2024

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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Insightful Accountant

JUNE 23, 2024

QuickBooks Online Payroll has enhanced functionality related to correction of, late payment of, and backdated payment of paychecks, with fewer 'time out' blocks and greater self-control by ProAdvisors and their clients.

quickbooks 104

quickbooks payroll 104

Insightful Accountant

MAY 21, 2024

QuickBooks Online Payroll has recently added a digitized I-9 process that works as part of QuickBooks Workforce. Murph takes you through the steps of using this new functionality.

quickbooks 105

quickbooks payroll 105

ThomsonReuters

JULY 23, 2024

Potential impact on employers and payroll The outage could have significant implications for employers and payroll professionals. The Global Payroll Association confirmed that the IT disruption impacted numerous clients and affected businesses’ ability to pay their employees. Tatum, Esq., Tatum, Esq.,

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payroll Technology Healthcare Account 96

Insightful Accountant

JUNE 23, 2024

QuickBooks Online Payroll has enhanced functionality related to correction of, late payment of, and backdated payment of paychecks, with fewer 'time out' blocks and greater self-control by ProAdvisors and their clients.

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quickbooks payroll 98

Insightful Accountant

AUGUST 18, 2024

By late September or early October, QuickBooks Online Payroll users will begin having their payroll taxes debited with each payroll rather than at the end of a tax period.

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quickbooks payroll payroll tax Tax 90

Accounting Today

APRIL 16, 2024

A CPA's embezzlement turns out to be no excuse for trust fund recovery penalties.

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payroll tax payroll Tax CPA 128

RogerRossmeisl

JULY 15, 2024

The children’s wages then will be exempt from the following federal payroll taxes: Social Security tax, Medicare tax, and Federal unemployment (FUTA). These entities can hire an owner’s under-age-18 children as full- or part-time employees.

payroll tax 255

payroll tax payroll CPA Tax 255

RogerRossmeisl

JULY 17, 2024

They should also deposit non-payroll withheld income tax for June if the monthly deposit rule applies. July 15 Employers should deposit Social Security, Medicare and withheld income taxes for June if the monthly deposit rule applies. July 31 Report income tax withholding and FICA taxes for second quarter 2024 (Form 941) and pay any tax due.

income tax 254

income tax Tax payroll CPA 254

RogerRossmeisl

APRIL 10, 2023

You can save family income and payroll taxes by putting your child on the payroll. Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking to earn extra spending money. It’s a win-win! Here are four tax advantages.

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Tax payroll tax payroll CPA 226

RogerRossmeisl

AUGUST 9, 2021

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

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Construction payroll tax payroll Legal 222

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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RogerRossmeisl

NOVEMBER 8, 2023

Construction Some types of fraud are more prevalent in the construction industry, particularly payroll and billing fraud. To prevent payroll fraud, have someone independent of your accounting department verify the names and pay rates on your.

Real Estate 206

Real Estate Construction payroll Transportation 206

RogerRossmeisl

JULY 14, 2021

And you may be able to: Shift your high-taxed income into tax-free or low-taxed income, Realize payroll tax savings (depending on the child’s age and how your business is organized), and Enable retirement plan contributions for the children.

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Tax income tax payroll tax payroll 246

Xero

DECEMBER 17, 2024

Itd be one thing if payroll year-end meant a single last pay run. Whether youre a seasoned payroll manager or doing it for the first time, payroll year-end can be tricky. What is HMRC payroll year-end? Payroll year-end is when a business finalises payroll records for the tax year. Timing is important.

payroll 52

payroll Tax Legal Government 52

RogerRossmeisl

JANUARY 25, 2021

Taxpayers could apply to have the loans forgiven to the extent their proceeds were used to maintain payroll during the COVID-19 pandemic and to cover certain other expenses. The law established the PPP, which provided up to 24 weeks of cash-flow assistance through 100% federally guaranteed loans to eligible recipients.

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RogerRossmeisl

JUNE 10, 2021

If a worker is an employee, your company must withhold federal income and payroll taxes, pay the employer’s share of FICA taxes on the wages, plus FUTA tax. It can be complex to determine whether a worker is an independent contractor or an employee for federal income and employment tax purposes.

payroll tax 242

payroll tax payroll CPA Tax 242

RogerRossmeisl

NOVEMBER 16, 2021

Employers don’t have to pay payroll taxes on HSA contributions made by employees through payroll deductions. Earnings on the funds in an HSA aren’t taxed, so the money can accumulate tax free year after year. Distributions from HSAs to cover qualified medical expenses aren’t taxed. Eligibility rules To be.

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Account accountant accounted payroll tax 196

RogerRossmeisl

OCTOBER 27, 2024

If your business has employees, you may need to budget for additional payroll costs, especially if you have many high earners. The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $176,100 for 2025 (up from $168,600 for 2024).

Hospitality 244

Hospitality payroll CPA Tax 244

RogerRossmeisl

AUGUST 9, 2022

For example, a colluding manager might override controls to allow another employee to commit expense reimbursement or payroll fraud. Colluding thieves usually either ignore internal controls or take steps to hide noncompliance. The post 5 Ways to Stop Employees from Colluding in Fraud appeared first on Roger Rossmeisl, CPA.

Expense Reimbursements 233

Expense Reimbursements payroll CPA 233

Accounting Today

DECEMBER 12, 2024

Zoho announced the US release of its end-to-end payroll solution, Zoho Payroll, on top of enhancements to its existing suite of finance products, which include Zoho Books, Zoho Inventory, and Zoho Practice.

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payroll Finance 52

SMBAccountant

JANUARY 5, 2024

Integration Ask if the software works well with your business's e-commerce, CRM, and payroll systems. Ease of Use An intuitive interface should make the software easy for a business owner to understand, even with no prior accounting experience. Find dashboards and tutorials that are user-friendly.

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accounting software Account accountant accounted 246

SMBAccountant

JULY 14, 2020

Additionally, accrual accounting often requires manual journal entries to properly account for depreciation, payroll and vacation accrual, prepaid expenses, and several others. If the information entered into QuickBooks doesn’t accurately provide all the data needed to determine the timing, the accrual reports will not be accurate.

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Government accrual accounting quickbooks Account 246

TaxConnex

SEPTEMBER 24, 2024

Sellers must also meet all the following criteria during the 12 months prior to registration with a state: no fixed place of business for more than 30 days in that state; less than $50,000 of property and of payroll (both defined by the SST) in that state; less than 25% of its total property or total payroll (again, as defined) in that state; not have (..)

Sales 203

Sales payroll Tax audit 203

BurklandAssociates

MAY 14, 2024

Staying on top of corporate taxes, payroll taxes, sales tax, and other tax obligations is a vital aspect of running a successful startup. The post Taxes for Early-Stage Startups: What Do I Have to Pay? appeared first on Burkland.

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payroll tax Tax corporation tax payroll 162

RogerRossmeisl

FEBRUARY 5, 2023

While the credit is no longer available, eligible employers that haven’t yet claimed it might still be able to do so by filing amended payroll returns for tax years 2020 and 2021. The Employee Retention Tax Credit (ERTC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic.

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