CPA Practice

FEBRUARY 17, 2023

Tax season is always stressful. Hurried filers inundate tax preparers working furiously to help their clients file on time while the dreaded tax deadline looms. However, it’s important to pause and reflect on your data privacy standards, digital communication norms, and potential vulnerabilities this tax season.

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CPA Practice

NOVEMBER 22, 2023

KBKG , a provider of tax services for CPAs and businesses, has identified three changes that the IRS has implemented; each one could have strong impacts on businesses. Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG.

Tax 110

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Withum

JANUARY 16, 2024

We are excited to announce that Ways and Means Chairman Jason Smith (R-MO) and Senate Finance Committee Chairman Ron Wyden (D-OR) released a bipartisan tax framework that promotes Main Street businesses, while also providing more financial security to families in need.

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Tax Tennessee New Jersey Massachusetts 118

Withum

APRIL 5, 2022

When negotiations began on the Build Back Better Act (BBBA) in Congress, the tax community, including yours truly, was almost certain that tax rates were going to increase in 2022. However, recent breakdowns in negotiations regarding the specifics of BBBA have almost assured that the 2017 tax cuts are here to stay. What’s in It?

Tax 119

Tax income tax CPA tax services 119

Withum

DECEMBER 7, 2023

On November 28, 2023, the Tax Court ruled that the exception from self-employment tax for limited partners does not apply to limited partners who actively participate in the partnership’s business operations. It concluded that their level of participation was inconsistent with an exception from self-employment tax.

Tax 121

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Going Concern

SEPTEMBER 30, 2022

The staffing and recruiting giant released its 2023 Accounting & Finance Salary Guide on Monday, which includes starting salary expectations for jobs in 35 categories, including public accounting. So without further ado, here are the starting salary projections in public accounting for 2023. Tax Associate – Public Accounting.

accountant salary 89

accountant salary public accounting Account accountant 89

Withum

SEPTEMBER 1, 2023

On August 30, 2023, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in parts of Florida that were affected by Hurricane Idalia. The tax relief postpones various tax filing and payment deadlines that occur from August 27, 2023, through February 15, 2024 – the postponement period.

Tax 98

Tax tax return Florida payroll 98

Withum

FEBRUARY 1, 2024

7024, Tax Relief for American Families and Workers Act of 2024 , by a wide bipartisan vote of 357 to 70 yesterday evening. The refundable child tax credit would continue to increase by $100 per year through Dec. The bill would also expand low-income housing credit and financing, disaster tax relief, and U.S.-Taiwan

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Going Concern

OCTOBER 1, 2022

and 5.8% , depending on the position and an employee ’s experience, according to data we analyzed from Robert Half ’s 2022 and 2023 Accounting & Finance Salary Guides. Here are the 2023 public accounting starting salary comparisons for those eight HCOL cities: 1. Senior manager/director tax services. Tax associate.

public accounting 89

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Withum

MARCH 7, 2024

Is the IRS Still Processing ERC Claims, and What’s the Status of the Processing Moratorium It Announced on September 14, 2023? The IRS announced it would not process ERC claims filed after September 14, 2023, but at that time it was still working through a sizeable backlog of claims that were filed before that date.

Tax 126

Tax income tax tax return audit 126

CPA Practice

JANUARY 8, 2024

The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. million individual tax returns to be filed by the April 15, 2024, tax deadline. Although the IRS will not officially begin accepting and processing tax returns until Jan. The agency expects more than 128.7

Tax 133

Tax tax return income tax Massachusetts 133

Withum

FEBRUARY 8, 2023

President Biden’s State of the Union Address on February 7, 2023 included calls for tax reform and for “responsible” action by Congress to increase the $31.4 The first proposal is a four-fold increase (from 1% to 4%) in the corporate stock buyback tax that was enacted last year as part of the Inflation Reduction Act.

Tax 130

Tax income tax tax services business tax 130

Going Concern

OCTOBER 1, 2022

Increases in public accounting starting salaries for next year aren ’t expected to even hit 6% , we reported a couple days ago after examining salary data from Robert Half’s 2022 and its newly released 2023 Accounting & Finance Salary Guides. Here are the 2023 public accounting starting salary comparisons for those 12 MCOL cities: 1.

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public accounting audit Account accountant 94

ThomsonReuters

MAY 3, 2023

A tax services director in Washington D.C. says that the Treasury Department’s proposal to clarify the tax treatment of on-demand pay arrangements makes it “clear” that the IRS is concerned with the constructive receipt issue of this trending employee benefit. ” Daum said.

Construction 59

Construction tax services Tax payroll 59

TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries.

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Sales Tax Colorado Massachusetts 192

CPA Practice

OCTOBER 2, 2023

There are a myriad of challenges and changes in the tax codes affecting their business clients each tax season. Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG. This impacts the Sec.

Tax 106

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Going Concern

OCTOBER 6, 2022

Over the last week we ’ve taken a look at projected public accounting starting salaries in 2023 for eight cities with a high cost of living and 12 cities with a medium cost of living , and how those salaries compare to the national averages contained in the 2023 Robert Half Accounting & Finance Salary Guide. Senior tax associate.

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public accounting audit Account accountant 91

CPA Practice

OCTOBER 3, 2023

There are a myriad of challenges and changes in the tax codes affecting their business clients each tax season. Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG. This impacts the Sec.

Tax 103

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CPA Practice

DECEMBER 14, 2023

AICPA Recognizes 11 Outstanding Contributors to Forensic and Valuation Fields at Annual Conference AICPA recently honored the contributions of 11 finance professionals during the 2023 AICPA & CIMA Forensic and Valuation Services Conference held in Las Vegas in November. Dallas, TX Nathan Dean, CPA/CFF/ABV — FTI Consulting, Inc.,

forensic accounting 49

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Cherry Bekaert

MAY 3, 2024

Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. With proper tax planning a company is able to reduce its worldwide effective tax rate as it expands overseas. What Is Global Tax Minimization? international tax rules. income tax.

Tax 96

Tax income tax Non-Profits corporation tax 96

Withum

JANUARY 12, 2023

The IRS announced comprehensive tax relief provisions for taxpayers affected by California’s winter storms. These relief provisions provide an extended due date to May 15, 2023, for disaster-affected taxpayers to file returns. Contact Us. Let’s Chat.

California 122

California Tax tax return payroll tax 122

Going Concern

APRIL 5, 2024

A federal grand jury in Newark, New Jersey, returned an indictment Wednesday charging tax preparer Leon Haynes of Teaneck, New Jersey with fraudulently seeking more than $150 million from the IRS by filing more than 1,600 false tax returns for himself and his clients that claimed COVID-19-related employment tax credits.

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CPA Practice

NOVEMBER 15, 2023

The American Institute of CPAs recently recognized three prominent Tax Division members during the 2023 AICPA & CIMA National Tax & Sophisticated Tax Conference and Fall Tax Division Meetings. Myers, CPA, received the Jonathan Horn Distinguished Service Award. Karl, CPA – 2023 Arthur J.

Tax 112

Tax CPA cpas Washington 112

CPA Practice

APRIL 7, 2023

The Department of Justice is warning taxpayers to choose their return preparers wisely as the April 18 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest. million in restitution.

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CPA Practice

NOVEMBER 13, 2023

In August 2022, the American Institute of CPAs (AICPA) released proposed revisions to the Statements on Standards for Tax Services (SSTSs) for public comment. The AICPA’s Tax Executive Committee (TEC) reviewed and adopted the updates to the SSTSs on May 18, 2023; the updated standards will be effective on January 1, 2024.

Tax 59

Tax tax services tax return cpas 59

Withum

JANUARY 31, 2024

Affected taxpayers qualifying for this tax relief include individuals and householders who reside or have a business in Providence County. The taxpayers eligible for relief under this information release now will have until June 17, 2024, to file various federal individual and business tax returns and to make tax payments.

Rhode Island 72

Rhode Island income tax Tax tax return 72

CPA Practice

FEBRUARY 5, 2024

Kevin Bong – 2023 “20 Under 40” Influencer Cofounder AuditFile www.auditfile.com Recent Career Highlights This past year, AuditFile’s excellence was recognized when it was named #1 Audit Engagement Tool in the Readers’ Choice Awards. See all of the 2023 “40 Under 40” and “20 Under 40” honorees.

audit 52

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CPA Practice

JANUARY 30, 2024

sales tax rate changes reached a 10-year high in 2023, proving once again that it will be challenging for businesses to meet their ever changing compliance obligations. This is according to data in the 2023 End-of-Year Sales Tax Rates and Rules report, which is conducted annually by Vertex a provider of tax technology solutions.

Sales 72

Sales Tax auditor tax services 72

CPA Practice

JANUARY 29, 2024

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season. The Where’s My Refund? Paperless processing. Online Account.

tax return 116

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TaxConnex

JULY 12, 2022

There’s always something changing in the world of tax, especially sales tax. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. its Sales Tax Bulletin No. Here’s a review of some of the recent changes and updates. required statement?

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Sales Tax Oklahoma Illinois 177

inDinero Tax Tips

MAY 13, 2024

What is payroll tax? Since businesses are responsible for calculating, withholding, and remitting the tax to the government, navigating this process can be an administrative challenge. In this article, we’ll explain the basics of the tax and how to do payroll yourself. Table of Contents What Are the Types of Payroll Taxes?

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payroll tax payroll Tax income tax 52

Insightful Accountant

DECEMBER 25, 2023

Intuit will launch a new QuickBooks Live 'Tax' service for the 2023 tax filing year. The new service will go live in January, 2024.

quickbooks 52

quickbooks Tax tax services 52

Withum

OCTOBER 9, 2023

On October 4, 2023, Massachusetts enacted tax legislation (H.4104), Furthermore, the legislation reduces the short-term capital gains tax rate for individuals, estates, and trusts from 12% to 8.5%, which is retroactive for 2023. 4104), which will dramatically affect how businesses calculate their Massachusetts income.

Massachusetts 72

Massachusetts Sales Tax tax return 72

Withum

FEBRUARY 6, 2023

and India Perspectives This webinar will include an overview and highlights of the 2023 India budget announced on February 1, 2023. State and Local Tax Services Rajesh Tripathi – Principal at Withum, Market Leader – U.S. State and Local Tax Services Rajesh Tripathi – Principal at Withum, Market Leader – U.S.

New York 52

New York tax services Tax 52

inDinero Tax Tips

MARCH 17, 2023

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. The 2023 version of the form can be downloaded here.

payroll tax 52

payroll tax payroll Agriculture Tax 52

inDinero Tax Tips

MARCH 17, 2023

It’s due to the IRS on a quarterly basis and is part of your responsibility to withhold and remit payroll taxes. You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. The 2023 version of the form can be downloaded here.

payroll tax 52

payroll tax payroll Agriculture Tax 52

inDinero Tax Tips

DECEMBER 22, 2023

Introduction As 2023 draws to a close, it’s pivotal for small businesses to scrutinize their financial status and strategize effectively for tax reduction and a robust financial future. Despite a static tax legislative landscape, the looming possibility of future amendments necessitates proactive tax planning.

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