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10 Best Tax Practice Management Software 2024

HR Lineup

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.

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Financial Planning Tips for Self-Employed Older Adults

Money Talk

office supplies, equipment, travel, marketing, and professional services). Set aside a portion of self-employment income to send to the IRS for quarterly estimated tax payments (and/or over-withhold on a pension or Social Security) to ensure compliance with tax regulations. of net business income.

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Government maintains income tax thresholds

Employee Benefits

Autumn budget 2022: The government will maintain the current freeze on income tax personal allowance and higher-rate tax thresholds until April 2028. Chancellor of the exchequer Jeremy Hunt told the House of Commons that personal tax thresholds, including income tax, will be frozen for further two years until 2028.

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Does crypto currency have a role to play in employers’ pay strategies?

Employee Benefits

Need to know: Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professional services firms that support them. Crypto currency is subject to income tax when an employee receives it but could also incur a capital gains tax charge if they hold it for more than 30 days.

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Should Employees Receive an Auto Allowance – Ask #HR Bartender

HR Bartender

When I showed the company, they changed my pay stub to include a $56 allowance/week for fuel, which is being taxed as part of my income. The information we’re covering is for general informational purposes only and does not constitute legal advice, tax advice, accounting services, or professional consulting of any kind.

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Everything you need to know about Form 1099-NEC

Business Management Daily

Tax season is right around the corner. For business owners, the month of January is the time to prepare and send out tax information for employees and nonemployees that they paid during the prior tax year. Beginning in tax year 2021, there are no longer automatic 30-day extensions to file. Is Form 1099-MISC still used?

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University of Salford targets communications at specific employee groups

Employee Benefits

It offers pre-retirement seminars focusing on a holistic approach to pensions , tax implications, the psychological impact of leaving work, wills and estate planning, that are primarily aimed at older workers but do get interest from younger staff as well. They pass this on through meetings with each department.

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