Direct Labor Expense, Salaries Expense, and Payroll Taxes Expense are debited in the journal entry to record payroll. Is labor a business expense? Most businesses can expect their labor costs to ...

Seattle Mayor Bruce Harrell released his payroll expense tax (PET) report for 2024 Tuesday, and its projections came up nearly $50 million short. “Today’s announcement that PET revenues ...

Expenses like a home office, car, insurance, and even your education bills could get you a big tax break Katharine Paljug is a financial writer and editor with over a decade of industry experience.

“Today’s announcement that [payroll expense tax] revenues collected in 2024 were $47 million lower than projected requires action to ensure our budget remains balanced,” Mayor Bruce Harrell ...

Lawmakers and city of Seattle analysts had warned of the tax’s volatility, predicting it would likely fluctuate heavily with ...

Seattle is bracing for major spending cuts after a new revenue forecast shows revenues over the next two years, not including ...

Stay on top of your accounting with this process, which tracks the money you spend on wages and other expenses. Tracking your company’s spending is essential for maintaining accurate financial records ...

Seattle Mayor Bruce Harrell released his payroll expense tax (PET) report for 2024 on Tuesday and its projections came up nearly $50 million short. “Today’s announcement that PET revenues ...

Seattle’s payroll expense tax was expected to generate $406.8 million in revenue, but according to a year-end revenue report from the Office of Economic and Revenue Forecasts (OERF), the actual ...

Payroll software is a practical and affordable option to streamline multiple expense-based human resources ... options on features like price, tax filing support, integrations and automations ...