CPA Practice

DECEMBER 19, 2023

Incorporating at the End of the Year The primary advantage of incorporating before the end of the year is your clients can then take advantage of the tax benefits owning a corporation offers, including writing off the costs of incorporating on this year’s taxes.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

PYMNTS

OCTOBER 22, 2018

22) that it will buy Pennsylvania-based JetPay , “a provider of end-to-end payment processing and human capital management solutions,” according to a statement. JetPay ’s services include card acceptance, processing, payroll, payroll tax filing, human capital management services and other financial transactions.

Hospitality 54

Hospitality Pennsylvania payroll tax payroll 54

ThomsonReuters

JUNE 11, 2024

Employers and payroll professionals face a complex web of challenges while managing remote and hybrid work arrangements, particularly concerning state income tax withholding and compliance with varying state labor laws. Wylam added that these additional tax jurisdiction concerns can also occur at the local level.

accounting firms 59

accounting firms Account accountant accounted 59

PYMNTS

DECEMBER 12, 2018

Back in October, NCR announced that it was acquiring Pennsylvania-based JetPay , “a provider of end-to-end payment processing and human capital management solutions.”. JetPay ’s services include card acceptance, processing, payroll, payroll tax filing, human capital management services and more.

Hospitality 46

Hospitality Pennsylvania payroll tax payroll 46

CPA Practice

AUGUST 31, 2023

Toss on the tax savings : Quantify for your client how increased pre-tax retirement contributions (401(k) and/or IRA) could decrease their overall tax liability. You can use a tool such as Intuit Tax Advisor to calculate the impact quickly and easily, and present it in an easy-to-understand format.

quickbooks 59

quickbooks bookkeeping course Tax CPA 59

ThomsonReuters

JANUARY 14, 2022

The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (PL 116-260, Sec. 207) amended the ERC, allowing it to be claimed from January 1, 2021 through June 30, 2021 and increased the refundable payroll tax credit $7,000 per employee for each quarter of 2021. . COVID tax credits and paid leave. 116-136, Sec.

payroll 94

payroll payroll tax Tax Education 94

ThomsonReuters

JUNE 22, 2021

But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax. State by State Payroll Tax Changes. Pennsylvania. per hour for employees without. .

payroll 72

payroll Virginia Utah West Virginia 72

ThomsonReuters

FEBRUARY 9, 2022

Typically, when an employer needs to terminate an employment relationship with workers, the employer’s unemployment tax rate for the following year may increase. If a state does not repay these loans within around two years, the Federal Unemployment Tax Act (FUTA) tax credit for employers in those states is reduced.

payroll 98

payroll California Connecticut New Jersey 98

CPA Practice

JUNE 15, 2023

By David Lerman, CQ-Roll Call (TNS) The largest bloc of House conservatives offered up a fiscal blueprint Wednesday that promises to balance the federal budget in seven years, make GOP tax cuts permanent, and slash domestic spending. Tax cuts The budget plan also offers what its backers say would be a $5.1

Tax 97

Tax Virginia Oklahoma Arkansas 97

CPA Practice

APRIL 25, 2024

An overwhelming 77% of registered voters in the seven states that will decide the 2024 presidential election like the idea of a billionaires tax to bolster Social Security shortfalls, the poll found. Around one-fourth of poll respondents supported those policies, while about a third support increasing payroll taxes.

North Carolina 105

North Carolina Wisconsin Nevada Arizona 105

CPA Practice

AUGUST 13, 2024

By Caitlin Reilly CQ-Roll Call (TNS) Social Security payments would be exempt from taxes under former President Donald Trump’s latest campaign trail tax cut proposal, as he seeks to secure key voters in an increasingly competitive race. The cost of fully exempting Social Security benefits from taxes could top $1.6

North Carolina 98

North Carolina Tax payroll tax Wisconsin 98