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Utah Accounting Firm and Dudes Who Work There Busted For ERC Fraud

Going Concern

1 charging two Utah County men and an accounting firm with claiming an excess of $11 million in tax credits through a COVID-related fraud scheme. Wages reported as payroll costs for PPP loan forgiveness or certain other tax credits can’t be claimed for the ERC in any tax period. See also: this r/taxpros thread.

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IRIS Acquires Utah-Based Swipeclock

CPA Practice

London-based accounting and payroll solutions company IRIS Software Group said on Wednesday it had acquired Swipeclock, a provider of cloud workforce management solutions, such as WorkforceHub and ApplicantStack, for small and medium-sized businesses. Financial terms of the deal weren’t disclosed.

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Payroll Software Buyer’s Guide

CPA Practice

If you’re thinking about offering payroll services or switching from your current payroll software, this guide can help you decide if it’s time for a change. It will also highlight the essential features your new payroll solution should have. Required) When are you considering a payroll software platform change?

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Heads Up! Payroll Changes Coming in July

ThomsonReuters

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Beginning July 1, businesses must use the updated Form TC-69 (Utah State Business and Tax Registration). West Virginia. per week on July 1, 2021. .

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Half of U.S. States Near Record Low Unemployment Rates

CPA Practice

In a dozen states and DC, the number of people on payrolls remains below pre-pandemic levels. Idaho, Utah, Texas and Florida were among the states with the biggest gains in employment since February 2020. For instance, Minnesota’s unemployment rate is up 0.5 percentage point from last year to a still-low 2.9%. ©2023 Bloomberg L.P.

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Non-farm Payrolls Rose By 312,000 In December

PYMNTS

4) that over the course of December, non-farm payrolls in the United States rose by 312,000 per seasonally adjusted numbers. A worker who paints houses in Utah, where the market for housing is on the rise, was quoted by The Wall Street Journal as saying, “I have to turn people away because I don’t have the capacity to take on their work.”

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How Layoffs Affect Your Tech Company’s Books and Payroll

Shay CPA

And, of course, you can’t forget about how your layoffs impact your books and payroll. And if you’re in this boat, you should know what it means for your books and your payroll. This will mean more paperwork in the immediate future to close in the state, but it can simplify your books, taxes, and payroll in the long term.

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