PayrollOrg

MAY 22, 2023

The SSA/IRS Reporter, second quarter 2023, contains two articles written by PayrollOrg on the IRS’s lowered electronic filing threshold beginning in 2024 and valuating digital assets for federal tax purposes.

Electronics 104

Electronics Taxes 104

Business Management Daily

JUNE 22, 2022

If you don’t have that document backed up in an electronic format, you may have just lost important company or employee data. If your desk is still cluttered with paper files or documents, it’s probably time to consider switching to electronic records management (ERM). Benefits of electronic record-keeping. Saving time.

Electronics 98

Electronics Software Government Taxes 98

Money Talk

JANUARY 4, 2023

Taxes - The average income tax refund in 2022 was $3,039, but some families with advanced child tax credits faced tax payments. Some states held sales tax holidays in response to high inflation. Many home buyers backed out of deals or coped with lock-in fees and higher down payments. years in 2022.

Finance 244

Finance Banking Taxes Food 244

Kollath CPA

MARCH 9, 2022

You don’t generally have to withhold or pay any taxes on payments to independent contractors, as you do with employees. For an official ruling, you can file Form SS-8, Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding, with the IRS. You can file these forms electronically.

Taxes 98

Taxes Electronics Pension Software 98

HR Bartender

APRIL 16, 2015

In the book “The Cobler of Preston,” Christopher Bullock wrote the famous line, “’Tis impossible to be sure of anything but death and taxes.” As sure as we are about paying our taxes, one thing we’re often unsure about is getting tax relief. The Work Opportunity Tax Credit (WOTC) is not a new program. Virgin Islands.

Taxes 122

Taxes Electronics Recruitment Government 122

Money Talk

DECEMBER 22, 2021

Income Tax Changes - Each year, income ranges for federal marginal tax brackets are indexed for inflation. The IRS publishes tables with the income ranges for four filing status categories and seven tax rates that currently range from 10% to 37%. Estate and Gift Tax Exemption - The exemption amount in 2022 will be $12.06

401(k) 232

401(k) Pension Taxes Deductions 232

HR Lineup

DECEMBER 5, 2023

In the fast-paced world of taxation and financial management, staying ahead of the curve is crucial for tax professionals. As we step into 2024, the demand for efficient, user-friendly, and comprehensive tax practice management software has never been higher.

Taxes 97

Taxes Software Management Electronics 97

PayrollOrg

MAY 8, 2023

In this edition of May 2023 Compliance TV: IRS Data Affirms Payroll's Vital Role in Nation's Tax System; SSA Releases Tax Year 2023 W-2 Electronic Filing Specs; IRS Said 2024 Form W-2 Will Not Be Redesigned; DOL Publishes Report on UI Trust Fund Solvency, and more.

Taxes 80

Taxes Payroll Electronics 80

PayrollOrg

SEPTEMBER 20, 2023

PayrollOrg is pleased to announce that Vice President Ronald Gilson, CPP, was selected to serve on the IRS’s Electronic Tax Administration Advisory Committee.

Electronics 118

Electronics Taxes 118

InterWest Insurance Services

OCTOBER 8, 2024

But since early 2024 (and affecting the 2023 tax year), employers filing 10 or more ACA reporting forms have been required to file electronically. 31, 2025 — Employers must by this date have sent Form 1095-C to all of their full-time employees, who must supply the form to the IRS when they file their taxes.

Electronics 97

Electronics Employment Health Insurance Insurance 97

PayrollOrg

JULY 18, 2024

On July 17, the IRS announced that some amended employment tax returns can be electronically filed using the Modernized e-File (MeF) program.

Electronics 104

Electronics Taxes Employment 104

PayrollOrg

SEPTEMBER 23, 2024

PayrollOrg is pleased to announce that member Kristine Willson, CPP, has been selected to serve on the IRS’s Electronic Tax Administration Advisory Committee (ETAAC).

Electronics 104

Electronics Taxes 104

Business Management Daily

MAY 31, 2022

She also explained that the only items she actually tossed were some electronic mail printouts from last year that were originally sent to the account of a person no longer with the company. Like many other workplaces, Laura’s office could benefit considerably from implementing electronic records management (ERM).

Electronics 52

Electronics Family and Medical Leave Act Management Taxes 52

Employer Connection

DECEMBER 15, 2021

An electronic version of Form 1095-B will be available in the Document Center on our website beginning January 14, 2022, to assist employers with tax filing requirements for 2021. If you have questions about the IRS requirements, please consult your tax advisor.

Electronics 40

Electronics Taxes Consulting Employment 40

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

Ahmed's Universe

JUNE 23, 2013

BANGALORE Wipro''s HQ in the Electronic City district of Bangalore The last few few weeks have been hectic as I crossed half the globe to visit the center of the universe, a.k.a. Most unexpected is that India, despite its red tape, is, according to Forbes , the most tax friendly country in the world.

Technology 268

Technology IT Software Government 268

Employer Connection

JANUARY 14, 2022

To help make tax filing for 2021 easier and more convenient, an electronic version of Form 1095-B (in a PDF format) is now available in the Document Center on our website. Log in at TrustmarkSB.com/login. If you need to reference the data used to populate the forms, it will also be available in a CSV format in the Document Center.

Electronics 40

Electronics Taxes Employment IT 40

Kollath CPA

JULY 5, 2022

IRS Form 941 is a tax form that businesses file quarterly. It is how businesses report income taxes. As well as payroll taxes, Social Security, and Medicare taxes that the business withheld from employee paychecks over the previous tax year. Learn All About Quarterly Tax Returns below.

Taxes 52

Taxes Electronics Payroll Life Insurance 52

HR Bartender

FEBRUARY 25, 2018

My company uses a website to ‘give’ employees electronic access to their paycheck stubs, rather than issue paper. I fear that I will need them in the future months to show employment, for tax purposes, etc. I could see a lot of companies, in an effort to save paper, giving employees electronic access to their payroll records.

Payroll 121

Payroll Electronics Human Resources Payroll System 121

Qandle

JUNE 24, 2023

Convenience: TDS online payment provides taxpayers with a convenient platform to make their tax payments from anywhere and at any time. It eliminates the need for physically visiting tax offices or banks, saving valuable time and effort. This enables easy retrieval of information and enhances transparency in the tax payment process.

Banking 98

Banking Electronics Taxes Software 98

Kollath CPA

APRIL 25, 2022

As a survivor, executor or administrator of an estate, you are obligated to file an income tax return reporting all the deceased’s income up to his or her date of death. Filing the Final Tax Return. If tax is due, submit payment with the return. If tax is due, submit payment with the return.

Taxes 52

Taxes Electronics Deductions Deductible 52

HR Lineup

JANUARY 29, 2024

A pay stub not only serves as a record of an employee’s earnings but also provides crucial information about deductions, taxes, and other financial details. Deductions: Federal and state taxes Social Security and Medicare contributions Health insurance premiums Retirement contributions 4. Deductions and Taxes 1.

Net Pay 98

Net Pay Deductions Deductible Payroll Software 98

Employer Connection

NOVEMBER 8, 2024

An electronic version of Form 1095-B (in a PDF format) will be available in the Document Center on our website in early January 2025. Employers should log in at TrustmarkSB.com/login. Visit the Regulatory Updates blog for more information.

Electronics 40

Electronics Taxes Employment 40

Kollath CPA

APRIL 3, 2023

You decided to go with a third-party payroll provider to handle some or all of your employment tax duties. Your Tax Obligations As an Employer Your tax responsibility depends on the type of service you use. Make federal tax deposits and federal tax payments. File those forms after you’ve signed them.

Taxes 52

Taxes Employment Payroll Payroll Service 52

Kollath CPA

APRIL 3, 2023

You decided to go with a third-party payroll provider to handle some or all of your employment tax duties. Your Tax Obligations As an Employer Your tax responsibility depends on the type of service you use. Make federal tax deposits and federal tax payments. File those forms after you’ve signed them.

Taxes 52

Taxes Employment Payroll Payroll Service 52

Business Management Daily

DECEMBER 15, 2021

Unfortunately, while the instructions detail how to pay back your deferred deposit of Social Security taxes, they don’t directly address paying back erroneous advances of the employee retention credit. For tax deposits due by Dec. For tax deposits due by Dec. For Friday paydays, tax deposits are due by the next Wednesday—Jan.

Employee Retention 89

Employee Retention Electronics Payroll Taxes 89

InterWest Insurance Services

JANUARY 13, 2022

The change starting with the 2021 tax reporting year means that employers can face steep penalties for mistakes on their forms. These letters will identify an employee who may have received health insurance from their employer but is also receiving premium tax credits from a policy on an exchange.

Health Insurance 98

Health Insurance Taxes Electronics Insurance 98

Business Management Daily

SEPTEMBER 1, 2023

Beginning with catch-up contributions to be made next year, employees whose Social Security wages (W-2, Box 3 wages) exceed $145,000 this year can make catch-up contributions on a Roth, after-tax basis only. And then there’s the teeny, tiny glitch of Congress dropping the section of the tax code allowing any catch-up contributions.

401(k) 97

401(k) Taxes Payroll Software Payroll 97

Money Talk

NOVEMBER 25, 2023

Beware of Electronic Contacts - In recent years, as more people started blocking robocalls on cell phones, fraudsters have taken a different approach. Fraudsters often claim there is something wrong with a victim’s account (or tax return) and need personal information to “verify” or “confirm” its accuracy.

Banking 130

Banking Utilities Electronics Hospitality 130

Money Talk

DECEMBER 2, 2021

Appliances and electronic items generally don’t need repairs during the covered time period (usually 2 to 5 years after purchase). An extended warranty fee may seem “cheap” compared to the cost of a big-ticket item with sales tax, but it is not a purchase requirement.

IT 135

IT Life Insurance Electronics Manufacturing 135

Employer Connection

NOVEMBER 9, 2023

An electronic version of Form 1095-B (in a PDF format) will be available in the Document Center on our website. Log in at TrustmarkSB.com/login. If you need to reference the data used to populate the forms, it will also be available in a CSV format in the Document Center. For additional information, read our 1095-B article.

Electronics 40

Electronics Taxes IT 40

PayrollOrg

JULY 19, 2023

The IRS said it will provide an electronic filing option for amended employment tax returns “sometime in 2024.”

Electronics 80

Electronics Taxes Employment IT 80

Business Management Daily

NOVEMBER 16, 2020

The form must be received by Independent contractors by February 1, the same day the IRS must receive your paper or electronic forms. Remember, you can never go wrong by providing too many forms, but you can be subject to tax penalties if you provide fewer. Myth #5: The only forms that can be used are the official IRS forms.

Electronics 98

Electronics Consulting Taxes Employment 98

Business Management Daily

AUGUST 8, 2022

Likewise, with the number of electronic records kept nowadays, include representatives from the IT department. As financial statements, tax returns, and similar types of records will be a concern for all organizations, including your CPA or a similar accounting professional on the team is a smart move.

Family and Medical Leave Act 105

Family and Medical Leave Act Taxes Deductions Deductible 105

Qandle

AUGUST 3, 2023

Statutory contributions such as Provident Fund (PF), Employee State Insurance (ESI), and Professional Tax (PT) are deducted from the gross salary. Moreover, voluntary deductions like tax-saving investments, loans, or other benefits need to be included. Timely salary disbursement is critical for employee satisfaction and retention.

Payroll 98

Payroll Payroll Software Deductions Deductible 98

Qandle

JUNE 20, 2023

This includes employee details such as names, addresses, social security numbers, tax withholding information, bank account details for direct deposit, and any changes in employment status or compensation. This may involve collecting timesheets, time clock records, or electronic time tracking data.

Payroll 98

Payroll Flexible Spending Account Overtime Payroll Software 98

Business Management Daily

AUGUST 13, 2021

Tax penalties, of course, aren’t a game if you get caught up in them. They’re steep and punishing for a reason: Withheld taxes are the key revenue source for the federal government. Lately, the IRS has been trying to make payroll tax penalties a bit more transparent. not electronically). Three ways to get snagged.

Taxes 52

Taxes Payroll Electronics Construction 52