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.

payroll 98

payroll Finance 98

RogerRossmeisl

MARCH 5, 2024

The credit can be used by certain smaller startup businesses against their Social Security payroll and Medicare tax liability. The post Better Tax Break When Applying the Research Credit Against Payroll Taxes appeared first on Roger Rossmeisl, CPA. Let’s take a look at the second feature.

payroll tax 117

payroll tax payroll Tax CPA 117

CPA Practice

JANUARY 9, 2024

FreshBooks , a maker of cloud-based accounting software for small businesses and accountants, is expanding its suite of services with the launch of FreshBooks Payroll. This is an integrated payroll solution for U.S. based customers, leveraging Gusto’s top-of-the-line payroll technology.

payroll 115

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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.

quickbooks 98

quickbooks payroll payroll tax Tax 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. 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.,

payroll 96

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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 98

quickbooks payroll 98

Accounting Today

APRIL 16, 2024

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

payroll tax 128

payroll tax payroll Tax CPA 128

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 80

payroll Tax Legal Government 80

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.

payroll 84

payroll Indiana CPA Illinois 84

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 229

payroll tax payroll CPA Tax 229

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 228

income tax Tax payroll CPA 228

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.

Tax 242

Tax income tax payroll tax payroll 242

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 196

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.

Construction 191

Construction payroll tax payroll Legal 191

Accounting Today

JANUARY 8, 2025

Job growth and hourly earnings growth moderated in the latter part of 2024, according to the payroll processor Paychex.

payroll 138

payroll accountant accounted Account 138

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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Tax CPA payroll cpa firm 225

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 223

payroll tax payroll CPA Tax 223

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 177

Real Estate Construction payroll Transportation 177

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 214

Hospitality payroll CPA Tax 214

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 205

Expense Reimbursements payroll CPA 205

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.

Government 246

Government accrual accounting quickbooks accounted 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 (..)

payroll 203

payroll Sales 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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Accounting Today

SEPTEMBER 23, 2024

ADP announced the release of its new generative AI-based platform Lyric, touted as an all-in-one platform for payroll, service and other human capital management needs.

payroll 130

payroll 130

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.

accounting software 246

accounting software accounted Account accountant 246

MyIRSRelief

MARCH 15, 2024

From unfiled tax returns to unpaid back taxes, and from employment 941 payroll issues to the intimidating process of IRS, FTB, EDD, and CDTFA audits, the challenges can seem insurmountable. Whether it’s unfiled returns, unpaid taxes, payroll issues, or audit concerns, prompt action is key to finding a resolution.

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California Tax tax return payroll 130