Payroll Taxes
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.
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.
Colorado Businessman Gets 15 Months for $737K Employment Tax Evasion
A Colorado man has been sentenced to 15 months in prison for evading the payment of more than $700,000 in employment taxes he owed to the IRS.
California Construction Company Owner Guilty of Employment Tax Crimes
He was found guilty of not timely filing employment tax returns and did not pay withholdings to the IRS for 2014 and the last three quarters of 2015.