IRS Archives - GetPayroll

25% in Tax Credits for Small Business Through 2020

January 3, 202045s, employee payroll, FMLA, IRS, payroll tax, payroll tax credits, tax compliance, tax credit, tax creditsEmployment Taxes, Payroll Tax, Payroll Taxes, Tax Credits, TaxesLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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Are payroll apps that pay people as they earn versus waiting for payday really free?

October 17, 2019american payroll association, Certified Payroll Professional, Certified Public Accountant, federal tax, Fundamental Payroll Certification, IRS, local tax, Payroll, payroll tax, payroll tax compliance, state tax, tax compliance, tax compliance calendarCompliance, PayrollLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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In today's gig economy, getting paid instantly is a boon...

Are real estate agents independent contractors?

October 29, 2019american payroll association, Certified Payroll Professional, Certified Public Accountant, employees, federal tax, Fundamental Payroll Certification, independent contractors, IRS, non-employees, payroll tax, payroll tax compliance, real estate, real estate agents, realtor, state tax, tax compliance, tax compliance calendarCompliance, PayrollLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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The following is an excerpt from my upcoming book on...

COVID-19 paid leave tax credits for small and midsize businesses

May 7, 2020FMLA, IRS, Payroll, payroll for small business, payroll tax creditPayroll, Payroll Issues, Payroll ServicesLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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Small and midsize employers can claim two new refundable payroll tax credits. The paid sick leave credit and the paid...

Employment Tax Audit – A Complete Guide

July 7, 2020Employment Tax Audit, IRS, Payroll, payroll for small business, tax auditPayroll, Payroll Issues, Payroll ServicesLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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Audit - “an official inspection of an individual's or organization's accounts”

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Families First Coronavirus Response Act Tax Deferral FAQs

August 19, 2020Coronavirus, COVID19, FFCRA, IRS, Payroll, payroll for small business, Tax DeferralPayroll, Payroll Issues, Payroll ServicesLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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The following are FFCRA tax deferral provision FAQ’s issued by the IRS. These continue to come...

Families First Coronavirus Response Act:Employer Paid Leave Requirements

August 24, 2020Coronavirus, COVID19, Employer Paid Leave Requirements, FFCRA, IRS, PayrollPayroll, Payroll Issues, Payroll ServicesLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide their employees with paid...

IRS Advisory Council issues 2020 Annual Report

November 19, 20202020, Advisory Committee, Commissioner Rettig, IRS, IRSACCompliance, IRSLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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November 18, 2020, was the final meeting of the 2020 Internal Revenue Service Advisory Council (IRSAC), with...

IRS INTRODUCES NEW W-4 FORMS FOR EMPLOYEE TAX WITHHOLDING; IMPACTS ALL NEW HIRES STARTING ON JANUARY 1, 2020

December 18, 2019Certified Public Accountant, federal tax, IRS, local tax, New IRS W-4 Form, Payroll, payroll tax, payroll tax compliance, state tax, tax compliance, tax compliance calendar, W-4 FormCompliance, New Hires, Payroll, Payroll IssuesLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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The IRS Just Redesigned an Important Tax Form to Reflect the...

IRS Plans a 50% Ramp-Up in Audits of Small Businesses Next Year

January 4, 20212020, Advisory Committee, Commissioner Rettig, IRS, IRSACCompliance, IRSLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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In a recent article by Bloomberg, De Lon Harris, the IRS deputy commissioner of examination for SB/SE (small business and...

Payroll Taxes, 5 Myths – Our Take!

April 30, 20191099, 20 common law rules for determining 1099, 20 common law rules for determining whether a worker is an independent contractor, 401(k) contributions made by employees through salary reductions are still subject to FICA, 944 filer, cafeteria plan, Charles Read, common law rules, cost of payroll taxes, deposit period, deposit period your liability exceeds $100, employees, employment taxes, FICA, FICA tax liability, fringe benefits, hiring employees, Incorporating, independent contractor classification, independent contractors, IRS, liabilities, liabilities exceed $2500.00 in any quarter, limited liability company, outsource payroll, outsourcing payroll, payroll staff, payroll tax, payroll tax compliance, Payroll Taxes, quarterly employer tax return, reclassify workers, Section 125, small biz, Small Business, Table 2-1 in IRS Publication 15B, tax-free benefits, tax-free benefits are exempt, total FICA tax liability does not exceed $2500.00, trust fund recovery penalty, unpaid employment taxes, W-2, W-4Employees, Payroll, Payroll Tax, Small Business, U.S. Department of LaborLeave a commentGetPayroll Team Member

On Payroll Taxes, Mr. Read Says...

I recently found a blog post titled “5 Myths...

PPP Forgiveness Reduces Tax Deductions!

May 1, 2020IRS, Payroll, payroll for small business, payroll protection planPayroll, Payroll Issues, Payroll ServicesLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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The IRS in a release dated April 30 changed the Payroll Protection Program landscape. Relying on established law and...

Red flags auditors look for when reviewing payroll procedures

August 13, 2019Audit, Auditor, auditors, Department of Labor, DOL, employee classifications, employee misclassifications, Employment Tax Audit, Fair Labor Stan, FLSA, independent contractors, internal revenue service, IRS, Payroll, payroll procedures, payroll processes, payroll red flags, payroll reporting, reporting, Small Business, State Unemployment Department, taxes withheld, taxes withheld at the source, unemployment taxesCompliance, IRS, Payroll Tax, Payroll Taxes1 Commentmarketing

When the State Unemployment Department* audits you, auditors are looking mostly for misclassification, specifically...

The Payroll Tax Deferral Program – Is It Worth It?

September 1, 2020Coronavirus, COVID19, IRS, Payroll, Payroll Tax deferralPayroll, Payroll Issues, Payroll ServicesLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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President Trump signed an executive order on August 8, 2020, to let employees defer their social security tax payment...

What is the hardest part about payroll tax compliance?

June 11, 2019abatement, appeals hearing, calculate payroll tax, CDP hearing, Collection Due Process hearing, deposit payroll, federal payroll tax, IRS, IRS penalty, local payroll tax, paying tax, Payroll, payroll quarterly reports, payroll service, payroll tax, payroll tax compliance, penalty, recordkeeping, simply payroll error, state payroll tax, tax abate, tax court, tax court filing, taxing authorities, taxing authority, US Tax CourtIRS Issues, Payroll TaxLeave a commentmarketing

What is the hardest part of payroll tax compliance? I saw this question on Quora.com, so I thought I'd answer it here as...

What is the most difficult part of payroll? Tax compliance.

September 10, 2019american payroll association, Certified Payroll Professional, Certified Public Accountant, federal tax, Fundamental Payroll Certification, IRS, local tax, Payroll, payroll tax, payroll tax compliance, state tax, tax compliance, tax compliance calendarCompliance, PayrollLeave a commentmarketing

Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
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Tax compliance, hands down is the most difficult part of payroll. There are Federal, state, and local taxing authorities. The laws,...

What should taxpayers know about contacting the IRS about tax debt?

December 5, 2019CPA, Debt, Entrepreneur, Hire a CPA, IRS, tax consultants, tax debt, taxpayer, What is a CPASmall Business, Taxes2 Commentsmarketing

I am a CPA and US Tax Court Practitioner with more than forty years of tax experience. My advice to taxpayers is...

Hire Your First Employee and Then Enroll in Small Business Payroll Services

Why should small business payroll service be enlisted when a business owner hires his first employee instead of doing it himself?

May 14, 2019appeals, employee termination, first employee, GetPayroll, IRS, one employee payroll, Payroll, payroll law, payroll regulations, Payroll Taxes, quarterly employer tax return, quora.com, small business payroll, statutes, tax court, tax credits, Tax errors, tax forms, two employee payroll, unemployment benefitsPayroll Services, Small Business1 CommentGetPayroll Team Member

Small business payroll service: Is it necessary with one employee?

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