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ACCOUNTANT SPOTLIGHT: S Corp Payroll — What You Need to Know

ACCOUNTANT SPOTLIGHT: S Corp Payroll — What You Need to Know

Did you know that sixty-two percent of accountants take on processing S corp payrolls to make it easier for their clients?1 But for many CPA firms, it only makes your job more difficult. S corps enjoy limited liability and can elect to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. Many organizations choose an S corp over an LLC for benefits like these: Pass-through taxation — Owners report their share of profit and loss on their individual tax returns Limited liability — Company directors, officers, shareholders and employees receive limited liability protection One-time annual tax filing requirement — C corps must file quarterly No double taxation — Income isn’t taxed twice as corporate and dividend income Investment opportunities — Companies can use the sale of stock shares to attract investors But S corps still face unique restrictions that don’t apply to other business entities — like evaluating and choosing a compensation structure that meets IRS standards. And that’s where clients and their...

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ACCOUNTANT SPOTLIGHT: How to Plan for Year-end without the Headaches

ACCOUNTANT SPOTLIGHT: How to Plan for Year-end without the Headaches

By now, your year-end planning should be in full swing — for your own firm as well as all your clients. But just in case you’re running a bit behind, we’ve pulled together a bunch of terrific tools for you: Digital year-end payroll guide with checklists, calendars, best practices and more Webcasts with must-have tax updates and strategies Accountant ConnectSM, the free cloud platform that puts all your client payroll data, tax resources and CPE in one easy place Simplified officer-only S corp payroll processing Efficiency and simplicity for you, and for your clients – just one more reason they’ll appreciate your practice. Because heading into tax season, who couldn’t use a little love? Click here to access our year-end guide for best practices and more. Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Google+ (Opens in new window)Share on Facebook (Opens in new...

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Accounting Professionals and Developers Pick ADP for Best Human Resources and Payroll Solutions During the 2017 Accountex USA Conference and Expo

Accounting Professionals and Developers Pick ADP for Best Human Resources and Payroll Solutions During the 2017 Accountex USA Conference and Expo

Accounting professionals continue to show their respect and appreciation for ADP® solutions. Most recently, thousands of them picked ADP for the 2017 AccountexTM USA User Favorite Awards for Best Human Resource (HR) and Payroll solutions. This is the second year we’ve been chosen for the HR user favorite award. This year, we outpaced 36 competitors for that distinction. The HR category is defined as “HR providers that assist an organization with regulatory compliance, but also make the process of managing employees much easier. From the hiring process to benefits enrollment, disciplinary action and even termination, all are covered in the HR solution showcase.” We also took the top prize for having the leading payroll solution, winning by a 62 percent margin and surpassing 55 competitors in the category. These awards are well-known and highly valued in accounting circles. Winners are chosen by users – perhaps the most important stakeholder of any technology solution – and by accounting professionals who recommend the solutions to their clients. Scoring is cumulative and...

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