Accounting Portal Articles

AccuWage Online 2019

AccuWage Online is a free internet application offered by the Social Security Administration (SSA) that enables you to check EFW2 (W-2 Wage and Tax Statement) and EFW2C (W-2C Corrected Wage and Tax Statement) formatted...

Overtime Pay Resources

The federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a...

IRS Rules for Using a Per Diem Rates – TCJA

26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also: Part I, §§ 62, 67, 162, 267, 274; 1.62-2, 1.162-17, 1.267(a)-1, 1.274-5, 1.274-5T.) Rev. Proc....

IRS 2020 Standard Mileage Rates – Notice 2020-05

SECTION 1. PURPOSE This notice provides the optional 2020 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. This...

Tax Withholding Assistant (Excel)

Excel form will help small employers calculate the amount of federal income tax to withhold from their employees’ wages and help you as you transition to the new Form W-4 for 2020. Link to...

California Cannabis Industry Payroll Tax Reporting

California businesses that hire employees to perform services are required by law to withhold, report, and pay payroll taxes to the EDD. Cannabis businesses include distributors, transporters, and dispensaries and includes employees, such as...

Applicable Federal Rates (AFR) 2018, 2019, 2020

RR-2020-06 — APPLICABLE FEDERAL RATES MAR. 2020 RR-2020-03 — APPLICABLE FEDERAL RATES FEB. 2020 RR-2020-01 — APPLICABLE FEDERAL RATES JAN. 2020 RR-2019-26 — APPLICABLE FEDERAL RATES DEC. 2019 RR-2019-25 — APPLICABLE FEDERAL RATES NOV....

Covered California for Small Business

To be eligible to participate in CCSB, you must indicate that your business or organization meets all of these qualifications: • Have a primary business address in California, or offer coverage to each eligible...

California Form 1095-A

Your Form 1095-A shows the amount the Internal Revenue Service (IRS) paid to your insurance company to lower the cost of your health coverage. The amount paid was based on the most recent household...

IRS Standard Mileage Rates 2020

Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile driven for business use, down one half...

IRS Reminders for Tax Professionals

Update e-Services information E-Services offers a suite of tools to assist tax pros. These tools include the e-file application, the Transcript Delivery System (TDS) and a secure mailbox. New e-Services users must first register...

Cities With Minimum Wage

Alameda, CA Albuquerque, NM Bangor, ME Belmont, CA Berkeley, CA Bernalillo County, NM Chicago, IL Cook County, IL Cupertino, CA Daly City, CA El Cerrito, CA Emeryville, CA Flagstaff, AZ Freemont, CA Las Cruces,...