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Accrued payroll tax: Elect the recurring merchandise exception for payroll taxes paid inside 8.5 months after yr-finish. Accrued bonuses: Pay bonuses more than 2.5 months after year-finish or don’t repair the bonus plan quantities by year-finish. Accrued payroll tax: For payroll taxes deferred as part of the CARES Act, don’t pay those for 2021/2022 when they’re required to be repaid. Public accounting typically pays the most to a candidate right out of college. In particular, the massive 4 firms of Ernst & Younger, Deloitte, KPMG, and PricewaterhouseCoopers offer bigger salaries than mid-measurement and small firms. 60,000 your first year as an enormous 4 accountant. Whereas the businesses do not publish salaries on their websites, the advantages could be a large draw.

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