South African Revenue Service (SARS)’s Post

The IRS has released a draft of the 2025 Form W-4, which includes several updates aimed at improving clarity and usability for employees. Key changes include expanded guidance on using the IRS's Tax Withholding Estimator and placeholder dollar amounts in the form's worksheets

Avoid the Trust Fund Recovery Penalty. Payroll taxes are a critical responsibility for employers. Failing to remit payroll deposits on time can lead to the IRS assessing the Trust Fund Recovery Penalty (TFRP), which is a personally assessed penalty equal to the unpaid payroll deposit plus interest. Ensure compliance with your payroll deposits and tax filings. For comprehensive information on your responsibilities as a part-time or seasonal employer, please visit https://www.irs.gov/pub15 #PayrollTaxes #TaxCompliance #IRSPenalties #TrustFundRecoveryPenalty #BusinessFinance #SmallBusiness #PayrollManagement #TaxFiling #EmployerResponsibility #GeorgeCPAFirm

Any delays or miscalculations in filing payroll taxes can lead to significant penalties, disruption in operations, and even legal consequences. Don’t let it jeopardize your organization’s future. The Law Offices of Nick Nemeth offers tailored legal strategies and guidance to resolve your payroll tax problems. Let us handle the complexities while you focus on growing your business. To learn more, please visit https://bit.ly/48Vqnzi #PayrollTaxProblems #TaxResolution #LawOfficesOfNickNemeth #Dallas #FortWorth #Frisco #MyIRSTeam

Exciting news from the IRS! The updates to the 2025 Form W-4 are a step in the right direction for making tax withholding clearer and more user-friendly. Can't wait to see how this helps everyone navigate their finances better! #TaxUpdates #IRS #W4 #withholding

As we move towards the change to Off-Payroll working rules on 6th April, we continue to answer your questions ahead of the changes. You asked, we answered: Q: “What was the objective behind the consultation initiated by the government in April 2023 regarding potential legislative amendments related to tax and National Insurance Contributions (NICs)?” A: “The government initiated the consultation to address the issue of double taxation by gathering opinions on enabling HMRC to offset tax and NICs paid by a worker against the deemed employer's PAYE liability. The objective was to rectify this systemic problem within the current tax regime”. Keep your questions coming in and we’ll be happy to answer them – reach out with your queries in the comments here or email marketing@brookson.co.uk

Tired of IRS payroll tax notices? Tax Law Offices, Inc. is here to provide expert solutions to help protect your business from IRS Collections. With our in-depth knowledge and experience, we'll stop seizures and bank levies. And we'll help reduce (or eliminate) those unfair penalties. Say goodbye to payroll tax headaches and hello to peace of mind with our dedicated team by your side! 312-212-1000 #irsproblems #irsaudit #taxlawoffices #taxresolution #irsinvestigation #irsdebt #taxlawyer #IRSHelp #illinoistaxlawyer #taxbusiness #taxattorney #taxresolutionspecialist #businessowner #businesstax #payroll #taxreturn #tax #taxaudit

Join us for this informative webinar addressing Tax Compliance changes. Key Webinar Topics Include:  Federal Opportunities: Uncover the newly expanded ability to claim R&D credits under the Inflation Reduction Act and its implications for your business. State-Level Insights: Get the latest on Paid Family Leave and how emerging state regulations affect employer responsibilities. Tax Exemption Updates: Learn about Alabama's new approach to overtime pay tax exemption and similar legislative trends in other states. Solutions and Tools: Experience a live showcase of ADP's payroll tax solution, designed to simplify your payroll tax management processes. Q&A Session: Have your pressing questions answered by our Government Affairs experts. https://lnkd.in/gS4Y9SQC

Before you make your next hire, ask yourself: Are they an employee or a contractor? The tax rules are different for each. Employees come with payroll taxes and legal responsibilities. For contractors, the IRS expects them to handle their own taxes, but misclassifying them could cost you big in fines and penalties. Are you confident in classifying your workforce? #TaxRules #PayrollTaxes #BusinessTaxStrategy #accountingservices #moneymanagement #financialliteracy

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

The use of independent contractors instead of employees may seem an attractive alternative for some businesses. However, this area is full of traps for the unwary. In this complementary webinar, our Employment Law and Tax Law teams will discuss some of the key considerations when engaging contractors in light of recent cases and legislative changes. Andrew Henshaw, Jessica Hill and Katherine Stewart will address navigating this legal framework and steps businesses can take to reduce risk.   Topics discussed will include: • Fair Work Act - a return to the multi-factor test; • PAYG tax and superannuation obligations; and • Payroll Tax on payments to contractors. Click here to register: https://lnkd.in/g5EZ4emf