Tax Resources for Accountants and Small Businesses (U.S.)
The Treasury Department and the IRS are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 outbreak. The 2019 income tax filing and payment deadlines for all...
Small and midsize employers can soon begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees....
Employee’s Withholding Certificate Form W-4 (PDF) FAQs on the Form W-4 Give Form W-4 to your employer. Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay....
Delay the April 15 tax payment deadline by 90 days Treasury Secretary Steven Mnuchin: Now, let me just be clear on the specifics: We encourage those Americans who can file their taxes to continue...
The Franchise Tax Board (FTB) announced special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments until...
The WARN Act applies to private businesses with 50 or more full time workers in New York State. It covers: Closings affecting 25 or more workers Mass layoffs involving 25 or more full-time workers...
Minimum Wage Act The Minimum Wage Act (Article 19 of the New York State Labor Law) requires that all employees in New York State receive at least the applicable hourly Minimum Wage rate. This...
Can an employee use California Paid Sick Leave due to COVID-19 illness? Yes. If the employee has paid sick leave available, the employer must provide such leave and compensate the employee under California paid...
For the period of Oct. 1, 2019 – Dec. 31, 2020, the single local tax rate will be 1.75 percent. Going forward, the Comptroller will compute the single local tax rate and publish it...
You can use traditional personal income tax forms or e-filing your PA Personal Income Tax Return with padirectfile or PA e-file. Padirectfile is a free way to file return directly with the PA Department...
The tax rate for sales tax and for use tax is the same. The Texas state sales and use tax is 6.25 percent, but local taxing jurisdictions (cities, counties, special purpose districts and transit...
Alaska – The State of Alaska does not have an individual income tax, therefore no employee withholding for state income tax is required. Florida – no personal income tax Nevada – has no individual...
Definition of small business Small business size regulations Size standards tool Size standards that define small business How size standards are determined Size protest and NAICS code appeals Small business size standards matched to...
Enter the six-digit code on page 1, item B. Also enter the business activity on page 2, Schedule B, line 2(a) and a brief description of the principal product or service of the business...
Codes for the Principal Business or Professional Activity classify sole proprietorships by the type of activity they are engaged in to facilitate the administration of the Internal Revenue Code. These six-digit codes are based...
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...
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...
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....
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...
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...
