xendoo

JANUARY 16, 2023

How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. The IRS taxes corporations as separate legal entities, which opens them up to double taxation. The IRS then taxes them at the corporate income tax rate.

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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. Washington. per hour for employees without. .

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ThomsonReuters

FEBRUARY 6, 2024

Corporate income tax is a significant source of revenue for governments. In fact, it is the third-largest source of federal revenue, albeit smaller than individual income tax and payroll taxes. businesses that are not subject to the corporate income tax because they are taxed as “pass-through” entities.

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ThomsonReuters

MARCH 22, 2021

In Louisiana , the IRS announced winter storm disaster tax relief for the storms that occurred from February 11, 2021 through February 19, 2021. This applies to the quarterly payroll tax returns (Form 941) normally due on April 30, 2021. The extended due date is now June 15, 2021. of App, 4th District, Dkt.

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Going Concern

OCTOBER 27, 2023

IRS encourages employers to electronically file payroll tax returns [ IRS Newsroom ] The Internal Revenue Service today reminded employers that the best way to file their next quarterly payroll tax return by the Oct. There are only 1300 Enrolled Agents in Washington State. He spoke via a livestream.

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ThomsonReuters

FEBRUARY 12, 2021

The 2021 final version of Publication 15 is pretty similar to the draft version issued in December of 2020 and notes some items of importance like Certified Professional Employer Organizations (CPEOs) must e-file Forms 941 , Employer’s Quarterly Federal Tax Return , beginning in 2021 (except for the first quarter the CPEO was certified).

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Going Concern

DECEMBER 23, 2022

Because robots can replace jobs, the idea goes, a stiff tax on them would give firms incentive to help retain workers, while also compensating for a dropoff in payroll taxes when robots are used. Trump tax controversy fuels passage of presidential audits bill [ POLITICO ]. appeared first on Going Concern.

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