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Maria Murphy

Maria Murphy

Maria L. Murphy is a CPA and freelance writer. She is a writer and editor for Thomson Reuters Checkpoint and a frequent contributor to the AICPA’s Journal of Accountancy and CPA Insider. She writes content for corporate websites, newsletters, blogs, and press releases. She spent her career in public accounting and private industry controllership, with extensive experience in accounting, auditing, quality control, and SEC reporting. Her passion is translating technical subjects into user-friendly language and getting readers excited about financial and compliance topics. She lives in North Carolina with her husband and their two Maltese pups.

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Excise Taxes: Does Your Business Need to File a Federal Excise Tax Return?

Find out if your business needed to file a federal excise tax return.

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Understanding Federal Payroll Tax Payments, including FUTA and SUTA

Understanding how FUTA and SUTA work with federal payroll tax payments is an important part of protecting your business and employees.

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What Are Federal Tax Brackets?

In the US, different levels of income are taxed at different rates. Federal tax brackets indicate the rate to be paid on each level of taxable income…

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What Is Modified Adjusted Gross Income (MAGI)?

How the IRS defines and calculates different types of income affects taxes due. Modified adjusted gross income (MAGI) is one of them. MAGI is also…

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How Do I Reach IRS Customer Service

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What Is the Employer Payroll Tax Deferral?

In 2020, the CARES Act provided relief in the form of delayed timing of certain payroll taxes to help businesses with cash flow challenges during the…

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What is the IRS Standard Mileage Rate?

The Internal Revenue Service issued the standard mileage rates to be used beginning January 1, 2021, to calculate deductible costs of using a car for…

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State Tax Apportionment

Apportionment divides business income subject to state corporate income or other business taxes to jurisdictions based on formulas to determine taxes…

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Why Your Business Needs Help Understanding the Tax Code

The U.S. tax code is very complicated, and compliance is not optional. Fully understanding the code and supporting documents is not a one-person job…

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What is a Tax Levy?

If you receive a tax bill from the IRS but do not pay your taxes or make any arrangements to settle your tax liability, you could face the risk of a…

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