Payroll Archives - Cozby & Company

Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill
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Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill

Corporate Taxes, IRS, Payroll, Personal Finance, Personal Taxes, Self-Employed, Small Business, Tax Law Changes, Tax Relief, Tax Tips, Taxes

Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill

This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have issued guidance providing penalty relief to employers and other payors for tax year 2025 regarding new information reporting requirements for cash tips and qualified overtime compensation under the One, Big, Beautiful Bill. Transition penalty relief for tax year [...]

cozbycpa2025-11-12T07:55:22-05:00November 12th, 2025|Categories: Corporate Taxes, IRS, Payroll, Personal Finance, Personal Taxes, Self-Employed, Small Business, Tax Law Changes, Tax Relief, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, new reporting requirements under the One Big Beautiful Bill, no tax on overtime, no tax on tips, One Big Beautiful Bill provisions, Plymouth MA accountant, transition penalty relief for tax year 2025|

Closed Quarter and Year Payroll Corrections in QuickBooks Online Payroll Core, Premium, and Elite
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Closed Quarter and Year Payroll Corrections in QuickBooks Online Payroll Core, Premium, and Elite

Accounting, Bookkeeping, IRS, Payroll, Payroll, QuickBooks, Self-Employed, Small Business, Tax Amendments, Tax Tips, Taxes, Videos, Year End

Closed Quarter and Year Payroll Corrections in QuickBooks Online Payroll Core, Premium, and Elite

Good news from the QuickBooks Online world! You can now adjust and create payrolls in the past, even in closed quarters or a closed year. This means you can record or edit past checks, void checks, or void direct deposits. If you wrote a manual check and forgot to record it, there's no longer any need [...]

cozbycpa2025-11-03T10:21:20-05:00November 3rd, 2025|Categories: Accounting, Bookkeeping, IRS, Payroll, Payroll, QuickBooks, Self-Employed, Small Business, Tax Amendments, Tax Tips, Taxes, Videos, Year End|Tags: Closed quarter and year payroll corrections in QuickBooks Online Payroll Core, Cozby & Company, CPA Heather Cozby, how to make closed quarter and year payroll corrections, how to request amended tax filing forms from QuickBooks, Plymouth MA accountant, QuickBooks Online updates|

How to Add the Taxes You’ve Already Paid This Year to QuickBooks Payroll
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How to Add the Taxes You’ve Already Paid This Year to QuickBooks Payroll

Accounting, Bookkeeping, Payroll, Payroll, QuickBooks, Self-Employed, Small Business, Tax Payments, Tax Tips, Taxes, Videos, Year End, YouTube

How to Add the Taxes You’ve Already Paid This Year to QuickBooks Payroll

Make sure you're ready for year-end! If you’ve already paid employees this year, you’ll need to tell QuickBooks which payroll taxes you’ve paid so far. This keeps QuickBooks from paying any taxes you’ve already paid. Before you start, you’ll need to have your tax payment receipts or payroll liability reports from your previous payroll service showing [...]

cozbycpa2025-10-27T10:19:31-04:00October 27th, 2025|Categories: Accounting, Bookkeeping, Payroll, Payroll, QuickBooks, Self-Employed, Small Business, Tax Payments, Tax Tips, Taxes, Videos, Year End, YouTube|Tags: Cozby & Company, CPA Heather Cozby, how to add the taxes you've already paid this year to QuickBooks Payroll, payroll liability reports, Plymouth MA tax accountant, QuickBooks video tutorial, tax payment receipts|

2024 Flexible Spending Arrangement Contribution Limit Rises by $150
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2024 Flexible Spending Arrangement Contribution Limit Rises by $150

FSA, Health Care, IRS, Payroll, Personal Finance, Personal Taxes, Planning Strategies, Tax Relief, Tax Tips, Taxes

2024 Flexible Spending Arrangement Contribution Limit Rises by $150

This article was published by the IRS. During open enrollment season for Flexible Spending Arrangements (FSAs), the Internal Revenue Service reminds taxpayers that they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans through their FSA. For 2024, there is a $150 increase to the contribution limit for [...]

cozbycpa2024-01-17T12:02:05-05:00January 17th, 2024|Categories: FSA, Health Care, IRS, Payroll, Personal Finance, Personal Taxes, Planning Strategies, Tax Relief, Tax Tips, Taxes|Tags: 2024 flexible spending arrangement contribution limit, Cozby & Company, CPA Heather Cozby, open enrollment season for flexible savings accounts, Plymouth MA accountant, what medical expenses are covered by an FSA|

How to Opt in and Contribute to Paid Family and Medical Leave as a Self-Employed Individual
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How to Opt in and Contribute to Paid Family and Medical Leave as a Self-Employed Individual

DOR, Health Care, Payroll, Personal Taxes, Self-Employed, Small Business, Tax Tips, Taxes, Videos, YouTube

How to Opt in and Contribute to Paid Family and Medical Leave as a Self-Employed Individual

This video tutorial will show you how to opt in and choose to participate in the Paid Family and Medical Leave program, and make contributions as a self-employed individual in MassTax Connect. Please note that you must first submit the self-employed notice of election found on the Paid Family and Medical Leave coverage for self-employed individuals [...]

cozbycpa2023-11-06T12:19:56-05:00November 6th, 2023|Categories: DOR, Health Care, Payroll, Personal Taxes, Self-Employed, Small Business, Tax Tips, Taxes, Videos, YouTube|Tags: Cozby & Company, CPA Heather Cozby, how to contribute to the Paid Family and Medical Leave program as a self-employed individual in MA, how to opt in to the Paid Family and Medical Leave program in MA, MassTax Connect|