Money Talk

AUGUST 3, 2022

This phrase was designed to encourage investors to buy tax-free municipal bonds that provide a higher after-tax return than higher-yielding taxable bonds. In a more general way, the advertisement was also promoting the concept of tax-efficient investing. no tax for New Jersey residents on a New Jersey-issued bond).

Taxes 186

Taxes 401(k) Deductions Deductible 186

Money Talk

MARCH 29, 2023

Last year, I wrote a post that described the pros and cons of filing your income taxes by paper or electronically (e-filing). Looking back, it was also a “personal pep talk” for me because I knew I was part of a dying breed of paper income tax filers. of tax returns are filed by paper or, in numerical terms, nearly 13.2

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Taxes Electronics Finance Software 244

Money Talk

APRIL 14, 2022

The 2021 income tax season will soon be in the history books. With income tax calculations still fresh in our heads, this is a great time to do some tax planning for 2022. Here are 12 tax topics to consider: Itemized Deductions- Only about 10% of taxpayers can itemize since the Tax Cuts and Jobs Act went into effect in 2018.

Taxes 187

Taxes Family and Medical Leave Act Deductions Deductible 187

PayrollOrg

SEPTEMBER 22, 2023

1 to reflect income tax rate changes in Adams, Clinton, Dearborn, Henry, and Vanderburgh Counties. Effective October 1, 2023, the Indiana Department of Revenue revised Departmental Notice No.

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Taxes 104

PayrollOrg

AUGUST 18, 2023

Effective July 1, 2024, Vermont employers will be required to make contributions for a new state payroll tax. A portion of the tax may be withheld from employee wages, and the rest must be paid by the employer.

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Payroll Taxes Employment 104

Money Talk

JUNE 16, 2022

If you picture retirement planning and taxes as a Venn Diagram, there is lots of overlap between these two areas of personal finance. This is true both during one’s working years (when taxpayers are saving for retirement) and later, when people are older and withdrawing taxable income from tax-deferred accounts.

Taxes 186

Taxes 401(k) Retirement Plan Pension 186

Business Management Daily

AUGUST 31, 2023

Expenses that could previously be deducted on an employee’s tax return may no longer qualify, and relocation benefits that previously could be paid out without counting towards a taxpayer’s income may now result in higher tax liabilities. Previously, individuals could deduct qualified moving expenses from their personal income taxes.

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Taxes Deductions Deductible Bonuses 98

Qandle

SEPTEMBER 20, 2023

Payroll taxes are a crucial aspect of every employer’s financial responsibilities. These taxes are collected to fund various government programs and benefits, including Social Security, Medicare, and unemployment insurance. These withheld taxes are then remitted to the Internal Revenue Service (IRS) on a regular basis.

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Payroll Taxes Employment Deductions 52

HR Digest

JUNE 23, 2023

Imagine a scenario where you are rewarded with a hefty sum of $26,000 per employee, just by gathering some data and filling out a tax form. Well, this isn’t a fantasy, it’s the reality of the Employee Retention Tax Credit (ERC). Your ERC Tax Credit is on its way! Sounds like a dream, right? Yes, you read that right.

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Taxes Employee Retention Payroll Government 97

PayrollOrg

FEBRUARY 5, 2022

Recent legislation delays the collection of the employee-paid payroll tax to fund the Washington long-term care insurance plan until July 1, 2023. Employers must refund the payroll tax already collected to employees.

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Payroll Taxes Insurance Employment 211

Money Talk

FEBRUARY 25, 2022

I am one of the 10 million or so tax filers that the IRS probably hates. I continue to file my taxes on paper. But the process is cumbersome and it is so much easier for me- as an admitted frugal tax geek- to fill out paper forms, double check my math, and priority mail my tax return. It is like piecing together a quilt.

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Taxes Electronics Software Finance 100

Patriot Software

DECEMBER 14, 2022

Self-employed individuals must pay a unique payroll tax called self-employment tax. What is self-employment tax? In this article, you’ll find out everything you need to know about self-employment tax. Learn how much the tax is, how to calculate your tax liability, and more. If so, you better keep reading.

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Taxes Employment Payroll 96

Patriot Software

AUGUST 17, 2020

Tax withholding comes with the territory of being an employer. Employment taxes can be broken down into payroll taxes and income taxes. But when you hear about a payroll tax deferral, you probably want to know the exact difference between payroll tax vs. income tax.

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Payroll Taxes Employment 135

Patriot Software

OCTOBER 17, 2022

Unemployment benefits are funded by unemployment taxes, which are paid based on employee wages. But who pays unemployment tax? Types of unemployment taxes Before you can learn who pays unemployment taxes, you need to know about the two types […] READ MORE. You or your employees?

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Taxes Payroll 105

HR Bartender

JULY 11, 2023

A great example of this is my taxes. Can I prepare my own taxes? The time I spend doing tax-related stuff could be better spent generating revenue by working on client projects or building my business. I must keep my employment tax knowledge current. I must keep my employment tax knowledge current. Yes, I can.

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Taxes Employment Payroll Payroll System 81

Money Talk

AUGUST 26, 2021

A recent article in the Wall Street Journal described a new investment trend: “Wealthy Americans eyeing potential tax increases are helping drive record amounts of money into municipal bond funds.” It also went on to state that tax-free U.S. With these trends in mind, now is a good time to review some basics about tax-free (a.k.a.,

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Taxes Government IT 100

PayrollOrg

JANUARY 25, 2022

The governor of Washington has announced a delay collecting the payroll tax associated with the Washington long-term care insurance program until April 2022.

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Payroll Insurance Taxes 197

PayrollOrg

MAY 2, 2023

On April 14, the IRS released its 2022 Internal Revenue Service Data Book, which provides statistics that underscore the importance of payroll professionals to the integrity of the American tax system.

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Taxes Payroll IT 104

PayrollOrg

JANUARY 25, 2022

It contains important payroll tax payment and reporting dates every payroll professional needs to know during the calendar year. The APA Compliance Calendar for 2022 is now available on the APA website.

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Payroll Taxes IT 151

PayrollOrg

APRIL 28, 2023

On April 14, the IRS released its 2022 Internal Revenue Service Data Book, which provides statistics that underscore the importance of payroll professionals to the integrity of the American tax system.

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Taxes Payroll IT 104

PeopleKeep

JUNE 2, 2023

Employees participating in an individual coverage health reimbursement arrangement (ICHRA) can’t collect premium tax credits (PTC). However, simply being offered an ICHRA doesn’t automatically disqualify employees from utilizing tax credits under specific circumstances.

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Taxes Utilities 98

Patriot Software

APRIL 6, 2022

Employers juggle many responsibilities, including calculating and withholding payroll taxes and other deductions. But, what exactly does payroll taxes include? If you’re wondering about understanding payroll taxes, never fear—your payroll taxes breakdown is here. What are payroll taxes?

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Payroll Taxes Deductions Deductible 98

HR Lineup

FEBRUARY 16, 2023

Drake Tax Software is a professional tax preparation software designed for small to mid-sized accounting firms and tax professionals. Drake Tax offers a wide range of features that enable tax professionals to prepare individual and business tax returns for federal, state, and local tax jurisdictions.

Taxes 52

Taxes Software Electronics IT 52

Business Management Daily

MARCH 3, 2023

Congress routinely showers small businesses with tax preferences. And now is the time to think about them, since the tax-filing deadlines for calendar-year corporate returns are fast approaching—March 15 for S corps and April 18 for C corps. But there is a difference between the two: Tax deductions reduce your taxable income.

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Deductions Deductible Taxes Health Insurance 98

Business Management Daily

AUGUST 2, 2023

mail for their own nefarious purposes, the main avenues for tax scams remain email and text messaging—these methods reach many more people at a fraction of the cost of a stamp. Those checks were free money—they weren’t taxable income and you didn’t have to reduce your tax refund to account for them.

Taxes 52

Taxes Employee Retention Government Commissions 52

Patriot Software

OCTOBER 10, 2022

As a small employer, you have all sorts of payroll taxes to worry about: income taxes, Medicare tax, and Social Security tax. But, what about unemployment taxes? Do employers have to pay unemployment taxes? Do employers have to pay unemployment taxes?

Taxes 98

Taxes Employment Payroll 98

Business Management Daily

MARCH 16, 2023

Tax home You can reimburse employees for their travel expenses when they travel away from their tax home on business. Tax homes aren’t employees’ homes, unless they’re working from home. Tax homes are employees’ regular or main place of business. Figuring out employees’ tax homes is the easy part.

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Taxes Work From Home Management Employment 59

HR Lineup

FEBRUARY 16, 2023

While the service is primarily known for its ease of use and convenience, it is important for users to understand the tax implications of using Cash App. This income is typically reported on a 1099 form, which will be provided to you by Cash App if you earn more than $600 in a given tax year.

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Taxes Deductions Deductible Consulting 52

Kollath CPA

JANUARY 13, 2022

What Exactly Is a “Tax Year”? A tax year is an annual accounting period for keeping records and reporting income and expenses. Types of Tax Year. A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but doesn’t have to end on the last day of the month. Calendar Year.

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Taxes Consulting Employment IT 98

McDermott Will & Emery Employee Benefits

AUGUST 10, 2023

In light of recent Internal Revenue Service (IRS) guidance, employers should carefully examine any supplemental health plan, program or arrangement (which may or may not claim to leverage fixed indemnity insurance) that promises substantial payroll tax savings.

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Insurance Taxes Employment Employee Benefits 83

Professionals Alternative

AUGUST 24, 2023

In this article, we will explore the qualities to look for in an associate attorney, the recruitment strategies to find the perfect fit, and the importance of tax law expertise in the hiring process. Thus, when hiring an associate attorney, it is essential to consider their knowledge and experience in tax law.

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Taxes Recruitment Salary Bonuses 52

PayrollOrg

MAY 2, 2023

The IRS issued a consumer alert that employers can pass on to their employees to help them be aware of tax scams involving Form W-2.

Taxes 104

Taxes Employment 104

PayrollOrg

APRIL 28, 2023

The IRS issued a consumer alert that employers can pass on to their employees to help them be aware of tax scams involving Form W-2.

Taxes 104

Taxes Employment 104

Patriot Software

AUGUST 31, 2022

Do you withhold the premiums and contributions before or after taxes? So, you must understand the difference between pre-tax vs. post-tax deductions. Pre-tax vs. […] READ MORE. If you provide benefits to employees, you probably wonder how to withhold wages for the benefits properly. Well, it depends on the benefit.

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Deductions Deductible Taxes Payroll 74

HR Lineup

JANUARY 2, 2022

Filing federal and state tax returns online can be challenging and overwhelming for employers. Since the process needs to be seamless and fast, employers are looking for effective tax filing solutions. Luckily, there are tax software programs out there to simplify filing tax returns. Paycheck City.

Taxes 98

Taxes Software Payroll Deductions 98