Payroll Taxes
Latest News
Avalara Unveils Intelligent Tax Content Solution for Lodging and Hospitality
Survey: Over Half of Accounting Firms Plan to Increase Fees in 2025
Andersen Advances Global Valuation Practice in 10 Asia Pacific Countries
81% of Business Owners Have Some Optimism for 2025 Economic Outlook
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.”
Kansas Business Owner Pleads Guilty to $2.2 Million Employment Tax Scheme
A Kansas woman pleaded guilty on Sept 1, 2023, to willfully failing to account for and pay over employment taxes to the IRS.
New Jersey Business Owner Failed to Pay $10 Million in Payroll Taxes
A New Jersey business owner faces a federal prison sentence after failing to pay more than $10 million in payroll taxes.