May 6, 2019
Backup Withholding Rate Now 24%, Bonuses 22%
Recent tax reform legislation lowered the backup withholding tax rate to 24 percent and the withholding rate that usually applies to bonuses and other supplemental wages to 22 percent.
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
May 6, 2019
Recent tax reform legislation lowered the backup withholding tax rate to 24 percent and the withholding rate that usually applies to bonuses and other supplemental wages to 22 percent.
May 6, 2019
You and your colleagues have an opportunity to expand your minds and collect up to 10 hours of continuing professional education on Thursday, December 12, 2019, as CPA Practice Advisor once again presents its annual free live-streaming conference.
April 29, 2019
The AICPA and CPA Practice Advisor magazine are looking for outstanding women professionals who continue to make their mark on the accounting profession as well as those who are emerging as the next generation of firm leaders, whether through new ...
April 29, 2019
Business travelers are increasingly using ride share scooters. Bird was the leader in this category in Q1 2019, collecting 46% of all receipts/expenses compared to 42% for Lime. Razor was third with 8% of scooter transactions, and Scoot ...
April 16, 2019
This is the 15th annual edition of the Readers’ Choice Awards. Once again, we have invited our readers to help us spotlight the technologies they most respect and trust to help them run their firms and provide client services.
April 15, 2019
Can’t file your tax return by the April 15 deadline? Taxpayers can request an automatic six-month extension of time to file the return, but what many don’t know can cost them.
April 8, 2019
April 15 is almost here. This simple chart shows estimated timeline for when you may receive your refund. If yours is delayed, use the "Where's My Refund?"tool on the IRS website.
March 29, 2019
States and local jurisdictions are continuing to advance employment-related laws and regulations intended to protect workers. To help business owners remain aware and informed of the changing landscape, Paychex, Inc., a leading provider of integrated ...
March 13, 2019
Nearly 30 of the most influential thought leaders in the accounting profession gathered in Indianapolis March 11-13 for CPA Practice Advisor's 11th annual Thought Leader Symposium. The annual event includes round table discussions of technology and ...
February 26, 2019
It is the nature of my work that I spend virtually all of the business day online, and usually a few more hours when I’m not at work. So it’s probably not surprising that while researching the latest accounting and business technologies, taking note of tax law changes, and collaborating with tax and accounting professionals,...…
February 19, 2019
What are the biggest issues employers will face in 2019 when it comes to HR, payroll, benefits and taxes? The experts at Paychex, Inc. have identified the top 10 regulatory issues they say businesses need to keep an eye on.
October 15, 2018
Nearly half (45 percent) of full-time workers say it should take less than five hours each day to do their job if they worked uninterrupted, while three out of four employees (72 percent) would work four days or less per week if pay remained constant.