Payroll Complete

Do you have questions about how to properly classify the people who work for you? Check out this article for the answers:

W2 vs. 1099: Unpacking the Important Key Differences In today's working world, it's vital to grasp the distinctions between "W2 vs. 1099," whether you're an employee or an employer. This article will clarify the

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Cincinnati Restaurant Owner Under Arrest For Tax Fraud The owner of a Cincinnati fast-food restaurant chain has been placed under arrest for tax fraud. Full story inside.

If you are a client of Payroll Complete or Accounting Complete, you should ignore all claims that you haven't taken advantage of the ERC. We have already got you covered! In fact, we helped our clients obtain over $4.5 MILLION in ERC funds to help their businesses thrive during the pandemic. If you're not a client... maybe you should be! 😉

IRS issues renewed warning on Employee Retention Credit claims; false claims generate compliance risk for people and businesses claiming credit improperly | Internal Revenue Service IR-2023-40, March 7, 2023 — The Internal Revenue Service today issued a renewed warning urging people to carefully review the Employee Retention Credit (ERC) guidelines before trying to claim the credit as promoters continue pushing ineligible people to file.

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Happy Star Wars Day from your Payroll Complete team!

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We have an incredible opportunity for you! Our Gadsden office is currently looking to fill the position of Office Administrator. You can get more details and apply by going to our website at https://accounting-complete.com/ and clicking on 'Join Our Team' in the upper right-hand corner. Don't forget to Like and Share this post with your friends who may be seeking to work for one of the BEST COMPANIES in Gadsden! You'll be the hero of the day if you do!

If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don't know about - or one that you do know about but are ignoring. Either situation can come back to bite you. When the worker is your employee, your liability includes both withholding and paying payroll taxes as well as issuing a W-2 after the close of the year.

Don't Ignore Household Employee Payroll Tax Rules If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come back to bite you. When the worker is your employee, your liability includes both withh...

Tax Issues That Arise When Converting a Home into a Rental With the current substantial appreciation in home values and demand for housing exceeding the available inventory, along with low home mortgage interest rates, more and more homeowners are converting their existing homes into rentals when they buy a new home. Other reasons individuals may make the c...

Are Damage Awards Taxable? Frequent questions that arise are: Are amounts received from settlement of lawsuits and other legal remedies taxable? Are the legal fees paid in connection with these payments tax deductible? The tax code specifies that all income is taxable from whatever source derived, unless exempted by the Inter...

Can’t Pay Your Taxes? Here Are Some Payment Options Although most (74% in 2020) American taxpayers receive a refund each year when they file their income tax returns, there are those who for one reason or another end up owing. Of those who owe Uncle Sam many don’t have the means to pay what they owe by the return due date (usually in April).

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Inheritances Enjoy a Special Tax Benefit You may hear people use the term “Stepped-Up Basis” that many believe is a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and if they sell inherited property.

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Congratulations to these two dynamic women! Christi Robinson will serve as the new CEO of the Etowah Chamber, and our very own Susan Snyder Stough will take the reigns as the new Treasurer. We are super proud of both of you!

What’s Next for the Child Tax Credit? If your family received advance child tax credit funds, you are not alone in wondering what will come next from Congress for 2022. Learn more.

Don't Think You Have to File a Tax Return? You May Be Missing Out! These days the tax return is used for more than just collecting taxes. It has also become a tool for the government to provide social benefits. This article discusses the various reasons and resulting benefits available to you when you file, even if you are not required to, as you may be eligible fo...

In honor of Martin Luther King, Jr. - love one another.

Planning for a Child's College Expenses Should Start Early Some in Congress have proposed “free” (i.e., government-paid) tuition for community college attendance. Even if that proposal were to become law, it still leaves parents and their children-students responsible for paying for college and university attendance if the student wants a bachelor or ot...

2022 Standard Mileage Rates Announced As it does every year, the Internal Revenue Service recently announced the inflation-adjusted 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

May your Christmas blessings spill over into the New Year. Happy Holidays from our family to yours! 🎄

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