Hasan Shaikh’s Post

Time to make your federal and state payroll tax deposits. Ensure they’re submitted by October 16th to avoid penalties. . . . . #TaxDeadline #PayrollTaxes #BusinessTaxTips #TaxCompliance #TaxFiling #TaxSeason #PayrollServices #AvoidPenalties #SmallBusinessTax #PayrollProcessing

Payroll tax can catch many business owners off guard, and it’s often tricky to navigate if you're not well-versed in the details. It’s a cost that’s not always on the radar but can lead to backdated charges, fines, and interest if missed. This is a crucial topic to discuss with your accountant, especially if you employ staff across different states. Unsure if payroll tax applies to your business? Let’s chat, and I’ll guide you through the complexities of Australian tax obligations. #PayrollTax #AustralianBusiness #TaxTips #BusinessFinance #SmallBusinessSupport #AccountingAdvice #PayrollManagement #TaxCompliance

Handling employee taxes doesn't have to be complicated. 1. Maintain detailed records of all employee wages, tips, and hours worked to ensure accurate tax reporting. 2. Ensure proper federal, state, and local tax withholdings from employee paychecks. 3. Track and report employee tips accurately. They are taxable income. 4. Stay up-to-date with payroll tax regulations and submit timely payments to avoid penalties. 5. Educate employees about their tax responsibilities, including reporting tips and understanding their paychecks. 6. Always have a contact for a tax lawyer standing by for your questions. Start that relationship. Make that connection now. Did you receive a tax letter from the IRS or the state? Speak with a lawyer at stopirsproblem.com. 312-212-1000 www.stopirsproblem.com #irsproblems #irsaudit #taxlawoffices #taxresolution #irsinvestigation #irsdebt #taxlawyer #IRSHelp #illinoistaxlawyer #taxbusiness #taxattorney #taxresolutionspecialist #businessowner #taxlawoffices #businesstax #payroll #taxreturn #tax #taxaudit #PayrollManagement

Attention Employers! The EMP501 Interim Reconciliation Deadline is Approaching! The submission deadline for your EMP501 reconciliation, covering the period from 1 March to 31 August 2024, is fast approaching—due by 31 October 2024! Don’t let this deadline catch you off guard! At Tundra Tax & Accounting, we understand the complexities of payroll taxes and can help ensure your reconciliation is accurate and submitted on time. Stay compliant with SARS, avoid penalties, and let us simplify your tax and accounting needs. #TundraTaxAndAccounting #EMP501 #PayrollTaxes #TaxCompliance #SARSDeadlines #BusinessTaxSolutions #StayCompliant #AvoidPenalties #TaxServices #AccountingMadeSimple

🚨 Attention government contractors! 🚨 If you’re working across different states, make sure you’re tracking your income and payroll costs for each location. Many states are keeping a close eye on activities and will expect you to report income and pay taxes accordingly. 💡 Tip: Track your income and payroll costs per state to avoid any discrepancies and unexpected tax collection notices. Don’t let state tax issues catch you off guard! Stay organized and stay compliant! . . . . #GovernmentContracting #TaxTips #StayCompliant #PayrollTaxes #IncomeTracking #StateTaxes #ContractorLife

We urge all US employers to make sure you’re familiar with ACA Amendment 213D / new IRS tax legislation. Compliance confers 9 substantial benefits - all at no net cost. See case studies attached. Schedule an appointment and get a Pro Forma showing you the benefits and exactly how your payroll will benefit.

Tempted by a blacklisted payroll scheme to cut down on taxes? Think twice! While it might seem like a shortcut, the risks are significant—heavy financial penalties, surprise tax bills, and even damage to your reputation. In our latest blog, we break down the long-term consequences of these schemes and offer guidance on staying compliant and safeguarding your career. Read the full blog here 👉 https://bit.ly/3Oe1LZ8 #Contractors #PayrollCompliance #TaxAvoidance #i4Services

The Costly Mistake of Ignoring Employee Taxes Overlooking employee tax responsibilities can be disastrous for your business. Skipping proper payroll taxes or delaying payments might seem harmless, but it can lead to serious financial and legal issues. Protect your business by understanding and managing these critical obligations—don’t let tax mistakes drain your resources. Need help getting on track? Let’s talk. #EmployeeTaxes #PayrollTips #BusinessCompliance #AvoidTaxMistakes #KevinWeirCoaching #ActionCoach #BusinessFinance #PayrollManagement #EntrepreneurAdvice

🔔 Reminder: Mid-Year Tax Reconciliation is Here! 🔔 The Employer Interim Reconciliation filing season kicks off on 16 September 2024 and runs until 31 October 2024. Private and public employers must reconcile their Monthly Employer Declarations (EMP201). Stay compliant by ensuring your records are accurate and up-to-date. Need assistance? Reach out to Profusion Payroll CC for help with your mid-year tax reconciliations. 📊 For more details, check out SARS's guide on employee taxes. https://lnkd.in/g-X_NGAh 📞 Contact us today to ensure a smooth and compliant reconciliation process! #TaxCompliance #PayrollSolutions #MidYearReconciliation #ProfusionPayrollCC #SARS 📷 Pixabay

Joining a blacklisted payroll scheme might seem like an easy way to reduce taxes, but the risks are high! Contractors can face heavy financial penalties, unexpected tax bills, and lasting damage to their reputation. ⚠️ In our latest blog, we dive into the severe impacts these schemes can have on your career and finances, and how to avoid them. 👉 Read more: https://bit.ly/4dZVElE #Contractors #PayrollSchemes #TaxAvoidance #Compliance #i4Services