CPA Practice

JANUARY 30, 2024

A team of students from University of Nebraska , Lincoln, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case. Each of the 16 teams participating in the national competition won the Deloitte FanTAXtic contest in their respective U.S.

Nebraska 73

Nebraska Florida Mississippi Utah 73

CPA Practice

APRIL 10, 2023

Still, whatever discomfort I experience when booking a room has nothing on what lodging platforms have to endure to comply with the multitude of lodging tax requirements in the United States. We talk a lot about how complicated sales tax compliance is at the Avalara Tax Desk, and it is. Sometimes you just have to go with it.

Tax 86

Tax West Virginia Wisconsin Virginia 86

CPA Practice

JULY 28, 2023

By Gail Cole Is sales tax based on shipping address or billing address? Understanding how sales tax works is fundamental for every retailer. If you’re doing business in a state with a sales tax, you may know you need to register for sales tax, then collect and remit tax as required by law.

Sales 98

Sales Tax Retail New Mexico 98

PYMNTS

DECEMBER 29, 2020

Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit scheme in the U.S., The Kingstons pleaded guilty in the tax credit scheme in the U.S., the Associated Press (AP) reported.

Utah 67

Utah Tax corporate accounting Government 67

CPA Practice

APRIL 19, 2024

By 2027, marketplaces may account for 59% of ecommerce globally. But running a marketplace also brings unique tax and compliance challenges. Our 2024 Avalara Tax Changes report explores new and changing requirements for marketplace facilitators and sellers across a variety of industries. Who wouldn’t want a piece of that pie?

Tax 59

Tax Wyoming Alaska Louisiana 59

CPA Practice

OCTOBER 18, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss how a new generation of computing will impact accounting firms. But I’m gonna get him convinced and you convinced why quantum computing and accounting is such a big deal. I hope you’re still listening, because I want to talk now about the way it works in accounting.

Technology 127

Technology Account accountant accounted 127

Anders CPA

MAY 15, 2023

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

CPA Practice

JANUARY 30, 2024

NDH Advisors has acquired Houston-based CPA firm Jain & Jain—the second transaction the Chicago accounting business has made in as many months. NDH’s first foray into M&A was last November when it acquired Leawood, KS-based tax and accounting firm Stratus Group. Terms of the deal weren’t disclosed.

cpa firm 52

cpa firm CPA Utah Texas 52

CPA Practice

DECEMBER 14, 2023

Johnny Welborn, Texas Elite 25 Teresa Barton, Utah Jeri Beckham, Texas Frank Calise, Ariz. Teresa Barton, Utah Farooq Bawa, Ill. Amie Fuller, Utah Michelle Gillespie, Pa. He earned his bachelor’s degree in business administration from the Principia College and completed accounting courses at the University of Missouri (St.

Iowa 52

Iowa Texas Utah Ohio 52

CPA Practice

DECEMBER 19, 2023

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. It’s common for companies to choose an effective date of January 1 to simplify selecting a calendar year for taxes and relieve businesses of paying state franchise taxes for the prior year.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

Snyder

JUNE 9, 2022

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. To help you meet the income tax filing season fully armed and prepared, we have compiled a step-by-step guide. What is income tax?

income tax 52

income tax tax return Tax E-commerce 52

inDinero Tax Tips

APRIL 26, 2023

Navigating the world of taxes can be overwhelming for small businesses, especially when it comes to understanding which forms to file and the implications of making certain elections. One such tax form, IRS Form 2553, can significantly impact a company’s tax strategy, potentially saving them from double taxation.

Tax 52

Tax Utah Kansas Missouri 52

CPA Practice

JULY 18, 2023

If you’re part of that rising tide, you need to know how to tax shipping and delivery charges. Charges for a company to deliver goods in its own vehicle are often taxed differently than charges for delivery by common carrier or private carrier. or “Is there sales tax on U.S. What follows are general guidelines, not tax advice.

Sales 98

Sales Retail Tax West Virginia 98

Going Concern

AUGUST 11, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Accounting and advisory firm Grant Thornton trimmed about 3% of its ranks in June. What drew you to the field of accounting?

Account 82

Account accountant accounted Tennessee 82

CPA Practice

SEPTEMBER 25, 2023

TAG Alliances Welcomes Ray Polantz of Cohen & Company as New Advisory Board Member TAG Alliances, a leading multidisciplinary alliance of independent professional services firms, recently appointed Raymond Polantz, Tax Partner at Cohen & Company as its newest Advisory Board member.

New Hampshire 106

New Hampshire Massachusetts CPA Maine 106

LyfeAccounting

JUNE 25, 2021

US taxpayers pay over $1 trillion in state income taxes every year. But what if you could pay $0 in state taxes? You can pay absolutely nothing in state taxes, just by packing up your bags and moving to a tax-free state. What are State Taxes? But wait a minute… how are states funding things without state taxes?

income tax 52

income tax South Dakota Tax Alaska 52

Going Concern

JUNE 14, 2022

12 years ago my former colleague Caleb Newquist published a post titled “Do Accounting Firms Care if You’re On Drugs?” For example – that tax manager that manages to work night after night after night with amazing focus as the final 2010 deadlines draw near? The post Do Accounting Firms Care if You’re On Drugs?

accounting firms 99

accounting firms Account accountant accounted 99

ThomsonReuters

JULY 14, 2022

Utah 2022). The post Court Denies Remedies for Mental Health Parity Violation appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Premera Blue Cross, 2022 WL 2208927 (D. Available at [link]. Contributing Editors: EBIA Staff.

Utah 97

Utah Tax Account accountant 97

Going Concern

MARCH 22, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. This S**t Is Still Going On? Day to the role of director of technical activities.

Minnesota 91

Minnesota cpas audit CPA 91

ThomsonReuters

MAY 12, 2022

Utah 2022); Anne A. Utah 2022). The post Court Declines to Enforce Plan-Imposed Limitations Periods Not Disclosed in Benefit Denial Notices appeared first on Tax & Accounting Blog Posts by Thomson Reuters. United HealthCare Ins. 2022 WL 957200 (D. United HealthCare Ins. 2022 WL 957199 (D.

Utah 52

Utah Healthcare Tax Account 52

ThomsonReuters

APRIL 13, 2023

Utah 2023) A group health plan participant sued the plan, its claims administrator, and her employer (as plan administrator) after the plan denied coverage for wilderness therapy for her daughter’s mental health issues and substance use disorder. Anthem Blue Cross Life and Health Ins., 2023 WL 2480053 (D. Contributing Editors: EBIA Staff.

Utah 52

Utah Tax Account accountant 52

Shay CPA

JUNE 7, 2023

Meet with your accountant to decide if it’s right for you. As we reviewed in a recent blog, having an employee in another state establishes a tax nexus for your company there. Dissolving your business in that state means you don’t have ongoing tax liability or entity fees in that locale.

payroll 52

payroll Montana Hawaii Utah 52

Going Concern

DECEMBER 9, 2022

Trump Organization found guilty on all counts of criminal tax fraud [ CNN ]. Financial advisory company AlixPartners was chosen for the task and is led by former Securities and Exchange Commission (SEC) chief accountant Matt Jacques, according to a Dec. Baker Tilly Shops for US Law Firm as Big Four Expand Services [ Bloomberg Tax ].

CPA 84

CPA Florida auditor audit 84

ThomsonReuters

JUNE 22, 2021

But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax. State by State Payroll Tax Changes. Beginning July 1, new forms will be used to report withholding tax.

payroll 72

payroll Virginia Utah West Virginia 72

ThomsonReuters

OCTOBER 20, 2020

Many companies are discovering that this massive shift in work behavior may also have unforeseen tax implications. While businesses may focus on the potential for new income and activity tax liabilities, they should be aware that indirect tax responsibilities may be affected as well. Economic nexus vs. physical presence nexus.

South Dakota 40

South Dakota Sales Tax Rhode Island 40

PYMNTS

JULY 31, 2020

Focused on mitigating third-party risk for B2B buyers and suppliers, Utah-based Whistic recently announced a $12 million Series A investment round, FinNSMEs reported. Germany’s CANDIS , a small- to medium-sized business (SMB) accounting automation platform, recently announced via press release a $14.2 million fundraise.

B2B 66

B2B Utah Technology accounting and finance 66

ThomsonReuters

DECEMBER 2, 2021

Utah 2021). The post Court Finds No Mental Health Parity Violation, Despite Offending Plan Provisions appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Christine S. Blue Cross Blue Shield of N.M., 2021 WL 4805136 (D. Contributing Editors: EBIA Staff.

Utah 52

Utah Tax Account accountant 52

ThomsonReuters

AUGUST 26, 2021

Utah 2021). The post Plan Administrator and Claims Administrator Liable for Mental Health Parity and ERISA Disclosure Violations appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Premera Blue Cross, 2021 WL 3511094 (D. Available at [link]. Contributing Editors: EBIA Staff.

Utah 52

Utah Tax Account accountant 52

ThomsonReuters

DECEMBER 9, 2021

Utah 2021). The post Denial of Residential Mental Health Treatment Benefits Overturned on De Novo Review appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Premera Blue Cross, 2021 WL 5579710 (D. Available at [link]. Contributing Editors: EBIA Staff.

Utah 52

Utah Tax Account accountant 52

ThomsonReuters

JULY 15, 2021

Utah 2021). The post Court Orders Payment for Residential Treatment Based on “Wildly Inconsistent” Rationales for Denial appeared first on Tax & Accounting Blog Posts by Thomson Reuters. United Behavioral Health, 2021 WL 2554109 (D. Contributing Editors: EBIA Staff.

Utah 52

Utah Hospitality Tax Account 52

ThomsonReuters

JULY 26, 2022

per hour), Idaho, Iowa, Kansas, Kentucky, North Carolina, North Dakota, New Hampshire, Oklahoma, Pennsylvania, Utah, Wisconsin, and Wyoming. The post Think Tank Analysis Finds Current Federal Minimum Wage Rate at Lowest Value in 66 Years appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

North Dakota 98

North Dakota South Carolina North Carolina Michigan 98

ThomsonReuters

JANUARY 24, 2022

The question arises whether a worker who refuses an employer’s vaccine mandate is eligible to collect unemployment benefits, and if so, are employer unemployment accounts impacted by those claims. Meanwhile, employers across the nation, who are not prohibited by a state law, may impose their own vaccination policy. California.

Rhode Island 119

Rhode Island West Virginia South Dakota Maryland 119

ThomsonReuters

FEBRUARY 7, 2022

The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. The post Federal Paid FMLA May Be Out While States Consider Possibilities appeared first on Tax & Accounting Blog Posts by Thomson Reuters. 2022, H447 ). . Proposed legislation ( L. 2022, S100 ). .

Missouri 98

Missouri Rhode Island Nebraska Mississippi 98

PYMNTS

DECEMBER 5, 2016

The experts estimate that the United States government spent millions trying to enforce it and deprived the states of billions in tax revenue — all without managing to make any significant change in American alcohol consumption. According a report to be released by the Government Accountability Office (GAO), the U.S.

Transportation 53

Transportation Utah Education Government 53