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IRS Payroll Tax Violations Can Draw Big Penalties And Even Prison
Payroll taxes withheld from paychecks belong to the government. If the employer uses the money for something else, the IRS is ...
While many immigrants are still paid “under the table”, the majority pay income and payroll taxes
The Institute on Taxation and Economic Policy suggested at least half of all unauthorized workers in the United States pay ...
JD Supra3d
Finally Received the Employee Retention Credit? Now What? A Guide to ERC Income Tax Consequences
It appears that the flood gates have opened and that the IRS is finally processing and paying claims for the employee retention credit (ERC) en ...
BenefitsPRO3d
How to avoid equity tax pitfalls as employees return to the office
Back-to-office mandates may keep more employees in one location, but they don’t eliminate past equity compensation tax ...
Banked vacation leads to a $1.2-million payday: How state workers cash in on days off
More and more state workers are able to retire with massive payouts for unused vacation and other leave, with a new record ...
Hawley says working-class Americans should get payroll tax cut
Sen. Josh Hawley (R-Mo.), who could emerge as a key vote on President Trump’s agenda, says working-class Americans should be able to take tax deductions on their payroll taxes, which would save ...
National Post17d
Poilievre says he'll pay cities to lower 'homebuilding taxes'
Poilievre said that a Conservative government would pay city halls half the cost of cutting their building taxes, up to $25,000, with the goal of getting these fees down by a total of $50,000 per ...
Zee Business17d
Deadline Alert: April 30 last date for declaration of tax arrears under Vivad se Vishwas Scheme
In a social media post on X, Income Tax India wrote, "CBDT notifies 30.04.2025 as the last date, on or before which a declaration in respect of tax arrears can be filed by the declarants to the ...
federalnewsnetwork.com17d
Treasury plans to cut up to 50% of IRS enforcement staff, 20% of other components
Treasury’s proposed cuts would have major impacts on the IRS’ ability to collect taxes owed. Multi-year funds from the Inflation Reduction Act allowed the IRS to rebuild its workforce after more than ...
KTVU17d
What's the status of the budget bill?
including whether it would indeed cut both income tax and payroll taxes on overtime pay. President Donald Trump originally announced in June 2024 a plan to exclude workers’ tips from federal ...
The Motley Fool17d
What Are FICA Taxes?
Below are the must-know details about FICA taxes. Image source: Getty Images. FICA is a federal payroll tax, and the acronym stands for Federal Insurance Contributions Act. There are two ...
ons.gov.uk17d
Research and development expenditure by the UK government: 2023
The UK government's net expenditure on research and development (R&D) rose to £17.4 billion in 2023 from £16.1 billion in 2022, an increase of 8.2%. UK Research and Innovation (UKRI), excluding ...