THE BEST WAY TO REPORT PAYROLL TAXES

The best way to report payroll taxes. In IRS bulletin IR-2022-103, the IRS put out information useful for small business owners who have to report payroll taxes. They urged small businesses to take advantage of the accuracy, speed and convenience of filing their payroll tax returns and making their tax payments electronically online. During National […]

RICH CONTINUE TO INFLUENCE TAX SYSTEM

Rich continue to influence tax system. Ever since the Panama Papers, followed by the Pandora Papers, showed that the world’s rich, including sports figures, politicians, celebrities, many from the United States, were all gaming the system, by hiding money in offshore accounts to avoid the taxman, we have heard the politicians and rich all line […]

COALITION WANTS CHANGE FOR PPP LOANS

Coalition wants change for PPP loans. With all the talk that large companies were getting the bulk of the Paycheck Protection Program loans, other criticisms have been forthcoming also. One has been that the way the pay calculation is made is not an accurate determination for what a company really needs. An AICPA led small […]

ROTH 401K FOR IRS TAXES

Roth 401k for IRS taxes. If you are looking forward to a retirement spent paying hefty tax bills, a trend called the Roth 401 K has developed to help buy your ticket to happiness. Once you turn age 70 and a half, you are forced to start taking money out of your retirement plan, the […]