inDinero Tax Tips

MAY 13, 2024

What is payroll tax? Since businesses are responsible for calculating, withholding, and remitting the tax to the government, navigating this process can be an administrative challenge. In this article, we’ll explain the basics of the tax and how to do payroll yourself. How Much Is Payroll Tax?

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MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. Discuss Payment Options: If you owe taxes, discuss payment options with your advisor. What should I do?

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MyIRSRelief

SEPTEMBER 20, 2021

. – Tax Planning & Tax Preparation. – Employment 941/940 Payroll Tax Problems/Disputes. . Call us toll free 1-877-78-TAXES [1-877-788-2937]. . Fee starts from $300 for basic tax preparation. Or visit us online at www.myirstaxrelief.com.

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MyIRSRelief

JANUARY 3, 2022

With tax season coming up fast, our thoughts will soon be turning to our books and accounts, as we look to get all of our taxes in order so as to appease the wrath of the tax man. If you’re a small business owner, you will likely already be aware that employment 941 payroll trust fund taxes can cause monumental headaches.

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MyIRSRelief

MAY 15, 2024

Nonprofit Tax Service by Mike Habib, EA Nonprofit organizations play a crucial role in society, offering valuable services and advocacy. However, managing tax compliance can be a significant challenge due to the complex nature of tax laws and regulations. Do we need to worry about payroll taxes?

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Withum

JANUARY 12, 2023

Relief provisions include: Quarterly estimated tax payments due on January 17, 2023 and April 18, 2023; Business tax returns due March 15, 2023 and April 18, 2023; Personal income tax returns due April 18, 2023; Payroll tax returns due January 31, 2023 and April 30, 2023. Contact Us. Let’s Chat.

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inDinero Tax Tips

JUNE 12, 2023

Fringe Benefits The most straightforward practice is to amend your payroll reports and recategorize the commingled purchase as fringe benefit compensation. The IRS’s Employer’s Tax Guide to Fringe Benefits defines a fringe benefit as a “form of payment for the performance of services.”

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Withum

MAY 19, 2022

The IRS instructed employers to make payments on their tax-deferred balances separately using EFTPS (an electronic payment system), by credit card or debit card, or by check or money order, but not through a regular federal tax deposit on its payroll tax return. Business Tax Services. Contact Us. Contact Us.

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MyIRSRelief

APRIL 15, 2021

Lately, there has been a lot of talk surrounding R&D tax credits, and how they can potentially benefit large and small companies alike, regardless of which industry you happen to be involved in. This is a dollar-for-dollar offset of any federal income tax liabilities, as well as payroll tax liabilities in special circumstances too.

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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. Other than income tax, your small business may be subject to payroll taxes, self-employment taxes, and more. You’ll also withhold income tax from employees’ wages.

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Withum

FEBRUARY 6, 2023

If the employee holds the stock for one year or less after exercise or two years or less after the grant date, the gain will be taxed as ordinary income subject to payroll taxes. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

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inDinero Tax Tips

MARCH 17, 2023

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. There is still no wage base limit for Medicare tax.

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inDinero Tax Tips

MARCH 17, 2023

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. There is still no wage base limit for Medicare tax.

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Withum

SEPTEMBER 15, 2023

Authors : Lynn Mucenski-Keck , Principal and National Lead, Federal Tax Policy | lmucenskikeck@withum.com and Lore Bilbao , CPA, MAcc | lbilbao@withum.com Contact Us For more information on this topic, reach out to Withum’s Business Tax Services Team. Let’s Chat The post Do You Need Help With 174?

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LyfeAccounting

JULY 20, 2021

Additionally, if you plan to have employees you will need an EIN number to file your payroll taxes. But the biggest reason you need an EIN is to file your business taxes. Estimated Taxes. Payroll Taxes. Excise Tax. Work with our accounting and tax services today to save more on your taxes!

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xendoo

AUGUST 2, 2023

Taxes Taxed as a pass-through entity. Subject to self-employment taxes. Taxed as a pass-through entity. Saves on payroll taxes by paying owners a salary and distributions. Choose the best entity type for your business If you’re unsure which entity type to choose, you can use a tax service like Xendoo.

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xendoo

AUGUST 2, 2023

Taxes Taxed as a pass-through entity. Subject to self-employment taxes. Taxed as a pass-through entity. Saves on payroll taxes by paying owners a salary and distributions. Choose the best entity type for your business If you’re unsure which entity type to choose, you can use a tax service like Xendoo.

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Withum

MARCH 3, 2023

The remaining five states do not impose a sales tax. To get started, you will need the following: Where the company currently files income tax, payroll tax, unclaimed property, and sales tax. Where your company has employees, sales representatives, or solicitors of sales and services. Who needs it?

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PYMNTS

OCTOBER 5, 2016

The firm is rolling out its Tax Compliance Services initiative, which aims to streamline the tax filing process for companies with 1099-classified employees. “Remaining compliant with the tax requirements of a 1099 workforce is no small task,” said Hyperwallet CEO Brent Warrington in a statement.

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CPA Practice

JANUARY 19, 2024

“Where do you fit the tax side, and how do you interface with the tax team in your model of CAS,” Tallyfor founder Peter Wen asked. What that means is, you’re still going to have to do the payroll tax returns and the 1099s, you’re still going to have to do annual accounting work. That doesn’t go away anytime soon.

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xendoo

JANUARY 30, 2023

Startups that have less than $5 million in annual gross receipts could apply up to $250,000 of the credit to offset payroll taxes. Since the IRS calculates the tax credit amount based on the amount a company spends on R&D, most early-stage startups don’t qualify for the full amount. Tax credits are powerful tools.

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Withum

JULY 28, 2023

Enacted on July 21, 2023, New Jersey A4694 creates a “Convenience of Employer” rule, affecting both employers and employees for payroll tax reporting purposes. Let’s Talk It is vital that businesses review their payroll tax withholding tax policies as remote work continues to be commonplace.

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CPA Practice

APRIL 13, 2023

For example, if the funds raised through crowdfunding are used to purchase inventory or equipment, sales tax may be due on those purchases. If the funds are used to hire employees, payroll taxes may be due on the wages paid to those employees.

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MyIRSRelief

JANUARY 13, 2025

Whether it’s the dread of unfiled tax returns, the burden of unpaid back taxes, the anxiety of facing an IRS or state tax audit, or the complexities of employment 941 payroll problems, these challenges can be overwhelming. Mike Habib, EA, prides itself on crafting bespoke strategies for each client. .

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Withum

JANUARY 13, 2025

For more information, visit the IRS website at Bulk requests from practitioners for disaster relief | Internal Revenue Service. Federal Penalty Abatement Penalties for failing to make payroll and excise tax deposits due on or after January 7, 2025, and before January 22, 2025, will be abated if the deposits are made by January 22, 2025.

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Going Concern

JANUARY 19, 2023

Las Vegas tax preparer sentenced to prison for multiple fraud schemes King Isaac Umoren was sentenced to 13 years and three months in prison for filing false tax returns, aggravated identity theft, wire fraud, money laundering and impersonating an FBI agent. He was also ordered to pay nearly $9.7 He must also pay $10.8

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