inDinero Tax Tips

OCTOBER 22, 2024

This is true if you plan to do business there, but keep in mind it’s rarely advantageous for out-of-state businesses to incorporate somewhere other than their home state; taxes accrue where you do business, not where you incorporate. If you have employees, you also file a Form 941 , which reports payroll tax withheld on their behalf.

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ThomsonReuters

JUNE 29, 2022

Summer is starting, so if you are planning to take the Certified Payroll Professional (CPP) exam during the Summer/Fall 2022 testing period, it would be a good idea to start working on those flashcards and find information for the seven main topics of the CPP test. This CPP quiz question will be on employment taxes. The IRS and U.S.

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ThomsonReuters

APRIL 18, 2023

For business owners, payroll is complex and often their greatest expense. For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Payroll errors are certainly a real concern, but with the right tools and resources in place, payroll services can be a growth opportunity for firms.

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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. Filing tax returns and remitting payments on time.

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CPA Practice

OCTOBER 14, 2024

Tax departments are expected to be the leaders for most organizations as they move quickly along the GenAI maturity curve. For example, businesses are already using GenAI to make indirect tax returns more accurate at the time of filing, eliminating the need to seek refunds years later, EY says.

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MyIRSRelief

MARCH 15, 2024

In the bustling city of Whittier, California, individuals and businesses alike face the daunting task of navigating the complex world of taxes. 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.

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TaxConnex

FEBRUARY 24, 2022

But many business owners have been gut-punched during due diligence when an unanticipated sales and use tax?deficiency Once a business has determined a requirement to collect and remit sales tax, they must establish a way to charge sales tax, register with each required state and set up a process for filing the sales tax returns.?This

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ThomsonReuters

AUGUST 19, 2021

Several have asked about making HSA contributions on a pre-tax basis so they can receive income tax savings every payroll period (instead of waiting until they file their tax returns) and avoid paying FICA taxes on those contributions. Our company could also save its share of FICA taxes on the contributions.

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ThomsonReuters

JULY 13, 2021

Generally, the payer does not withhold taxes from these types of payments, as it is assumed that the payee will report and pay taxes on this income when the federal income tax return is filed. The IRS’s most recent estimate of the tax gap was $441 billion. Form 1099-NEC took effect for the 2020 tax year.

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MyIRSRelief

JANUARY 2, 2023

Some common tax problems include: Failing to file a tax return: If you fail to file a tax return (1040, 1120, 1065, 941, etc.), you may be subject to penalties and interest on failure to file and on any unpaid taxes. Amending your tax returns could correct these errors.

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ThomsonReuters

JUNE 29, 2022

We attended American Payroll Association’s (APA) annual Congress in Las Vegas, Nevada. It’s a nice feeling to share, learn, and, yes, sometimes commiserate, over all things payroll. More information on employment taxes, the lookback period, and deposit schedules can be found in Payroll Guide ¶4285.

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MyIRSRelief

JULY 12, 2021

Unfiled Tax Returns. Tax deadline to file is normally April 15. Taxpayers can also file an extension if they need more time to file their returns. Filing an extension is one of the many tax debt relief services you can choose when you find yourself struggling to pay your taxes you owe in full. Medicare tax.

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MyIRSRelief

OCTOBER 3, 2022

There is a substantial amount of time you have to file your taxes, but the process can seem hefty. With the help of Los Angeles tax services firms, you can receive information on your tax return, the amount you owe, and various resources for tax preparation service. The Los Angeles County sales tax rate is 0.25%.

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SkagitCountyTaxServices

DECEMBER 7, 2023

owner=19530343 Making time to look at numbers before January 1 allows us to help you make last-minute adjustments so your tax return works in your favor. Another of those areas is payroll reconciliation. There are a number of items to pay special attention to this month to help you prepare to run year-end payroll.

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Withum

AUGUST 14, 2024

The relief provided in IR-2024-205 postpones various tax filing and payment deadlines that occurred beginning on August 1, 2024, in Florida, August 4, 2024, in Georgia and South Carolina, and August 5, 2024, in North Carolina – the postponement period.

South Carolina 126

South Carolina North Carolina Georgia Florida 126

Anders CPA

MAY 23, 2023

Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees.

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MyIRSRelief

APRIL 15, 2022

If you are an individual or a business taxpayer who is facing tax problems, you can end your nightmare now. Get tax relief representation and complete resolution today! Get tax relief representation and complete resolution today! Tax representation services help in Connecticut: New Haven-Milford Metropolitan Area.

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ThomsonReuters

NOVEMBER 26, 2024

If there is one thing accountants and tax preparers know for sure, it’s that an efficient tax workflow is key to remaining competitive in an increasingly digital tax and accounting landscape. Let’s take a look at what a digital tax workflow is all about and how it can unlock efficiencies for your accounting firm.

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MyIRSRelief

SEPTEMBER 6, 2024

Understanding the Tax Landscape for Small Businesses and the Self-Employed Key Tax Obligations Small businesses and self-employed individuals have several tax obligations that they must fulfill. This involves filing annual tax returns and making estimated tax payments throughout the year.

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MyIRSRelief

FEBRUARY 1, 2023

An IRS audit is a review or examination of an individual’s or organization’s tax return to ensure that the information is accurate and that the tax return is being filed in compliance with the tax laws. How to resolve employment 941 payroll taxiety problems? if you do not pay your tax debt.

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Going Concern

OCTOBER 17, 2024

, Gusto Remote Work Experience: Y Salary: $150k, FTE, $55-$70/ PTE Time Zone: Central Sign up to learn more about this candidate FTE Tax and Accounting | Candidate ID #22655166 Certifications: CPA, QBO ProAdvisor Education: BA, MBA Accounting Experience (years): 5 years in public accounting Preparation and review experience Financial reporting and (..)

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Going Concern

OCTOBER 10, 2024

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID # 22574493 Certifications: EA in process Education: BA Business Experience (years): 20+ years accounting experience Work experience (detail): Currently Accountant & Office Manager at a CPA firm Full cycle accounting, reconciliations, financial reporting AP/AR, payroll processing and quarterly (..)

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Going Concern

NOVEMBER 7, 2024

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #23571431 Certifications: CPA in process Education: BBA Accounting, MA Accounting Experience (years): 5+ years of accounting and tax experience Work experience: All in public accounting Performs full cycle accounting and tax preparation Financial compilations and reporting with clients (..)

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MyIRSRelief

NOVEMBER 3, 2023

Mike Habib, EA: Your Ally in Navigating Tax Problems Tax issues can be a source of significant stress and confusion. Whether it’s unfiled tax returns, unpaid back taxes, tax audits and appeals, or 941 employment payroll problems, these issues can seem insurmountable.

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CPA Practice

JANUARY 26, 2023

Filing these documents timely prevents late-filing penalties for employers, helps employees file their income tax returns and prevents tax fraud. Use same employer identification number on all forms Employers need to make sure the employer identification number (EIN) on their wage and tax statements (Forms W-2, W-3, etc.)

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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. Compliance with Tax Filings: All tax returns must be filed. What should I do?

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CPA Practice

DECEMBER 3, 2024

The IRS is giving payroll companies and third-party payers more time to help resolve their clients’ erroneous claims for the Employee Retention Credit (ERC). The ERC is a refundable tax credit that was enacted during the height of the COVID-19 pandemic to encourage businesses to keep their employees on payroll.

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CPA Practice

MAY 11, 2023

At the center of the scheme, according to federal prosecutors, is former IRS agent Frank Mosley, who was also identified as a “current city of Oakland tax enforcement officer.” They then filed fake payroll tax returns with the IRS to conceal receipt of those funds, authorities allege.

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MyIRSRelief

MARCH 29, 2024

Employment 941 Payroll Problems Employment 941 payroll problems, such as errors in payroll tax filings, can result in penalties and interest. Businesses in Whittier, California, must ensure accurate and timely filing of Form 941, the Employer’s Quarterly Federal Tax Return.

California 130

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CPA Practice

MARCH 9, 2023

Storms, wildfires and flooding damage have pushed back the tax filing deadlines for most Californians. 16 applies to California and federal individual and business tax returns and payments. The IRS said the extension includes most 2022 individual and business returns originally due April 18. The new deadline of Oct.

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CTP

OCTOBER 28, 2024

Your tax filings and related documentation might be relevant, so you would need to ensure that household payroll tax returns are filed, for example. From a tax planning perspective, careful charitable planning opens the door to great tax reduction strategies.

Tax 105

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ThomsonReuters

FEBRUARY 28, 2025

Now, it is required when the tax return is due. For tax years beginning on or after January 1, 2024, it is crucial for organizations to source the most recent forms for their tax returns. 41 , see Payroll Guide 4277. This ensures that all filings are accurate and compliant with the new requirements.

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MyIRSRelief

SEPTEMBER 20, 2021

. – Tax Levy – we release wage and bank levies. – Tax Audits. – Tax Appeal. – Unfiled Tax Returns – 1040, 1120, 1065. – Negotiated Tax Settlements. – Tax Liens. – Tax Planning & Tax Preparation. – Offer in Compromises.

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MyIRSRelief

JULY 12, 2024

This could be due to unpaid taxes, unfiled tax returns, or other significant tax compliance issues. It is crucial for the taxpayer to attend this meeting as it is an opportunity to discuss their tax situation and work towards a resolution. This may include: Past Tax Returns: Copies of previously filed tax returns.

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ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

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Xero

APRIL 2, 2023

Xero Payroll (AU): The Single Touch Payroll Phase 2 reporting deferral ended on 31 March 2023. Xero Payroll (AU): Payroll history has been extended to include changes to the pay run. Xero Payroll (AU): The employee details tab has been improved to enable better functionality and accessibility.

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Going Concern

JANUARY 22, 2025

A federal indictment unsealed today charges Jason Alexander Jerkins, 36, of Franklin, Tennessee, with wire fraud, money laundering and tax fraud, announced Acting United States Attorney for the Middle District of Tennessee Robert E. JBS was a sole proprietorship, and Jerkins controlled its bank accounts.

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