Payroll Taxes
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IRS: Security Threats Against Tax Pros Remain a Daily Threat
Small Businesses Hired At a Slower Pace in June
Distracted In the Office? New Study Finds You’re Not Alone
Americans Lead the World In Taking the Fewest Vacation Days
Biden and Trump Spar on Social Security and Taxes During First Debate
The debate featured a relentless barrage of false and misleading statements from both presidential candidates on a number of issues.
Payroll Tax News Updates: April 2024
Under the trust fund recovery penalty (TFRP), a “responsible person” may be held personally liable for the full amount of an employer’s unpaid employment taxes.
IRS Again Extends Income Tax Deadline For Hawaii Wildfire Victims
The agency further postponed until Aug. 7 various filing and payment deadlines for those affected by the Aug. 8, 2023, wildfires.
Florida Man Gets Prison for Not Paying $900K in Employment Taxes
A Florida man has been sentenced to 30 months in prison for failing to pay over taxes that he withheld from his employees’ paychecks.
Don’t Let Retirement Tax Benefits Pass By Your Business Clients
Tax professionals have the opportunity to help reduce their business clients’ taxes by recognizing the opportunity for a retirement plan.
5 Changes Coming to Social Security in 2024
As inflation lingers, the Social Security Administration (SSA) is boosting its cost of living adjustment (COLA) for benefit checks in 2024. It’s just one of many changes announced by Social Security recently.
IRS Watches for Misclassified Independent Contractors, But There is a Safe Harbor Rule
An employer in danger of being assessed back taxes for certain workers may avoid liability if it qualifies for “Section 530 relief.”
Social Security Tax Wage Base is Going Up 5.2% for 2024
Wealthier taxpayers will have more Social Security tax taken from their paychecks next year due to a wage base increase.