TaxConnex

AUGUST 15, 2023

The five states with the highest average combined state and local sales tax rates are Tennessee (9.548%), Louisiana (9.547%), Arkansas (9.44%), Washington (9.4%) and Alabama (9.24%). Five states follow with 4% rates: Alabama, Georgia, Hawaii, New York and Wyoming. Alabama will lower its sales tax rate on food effective Sept.

Sales 130

Sales Tax Alabama Texas 130

Anders CPA

MARCH 5, 2024

The Northern District of Alabama court sided with the NSBA, writing in conclusion, “The Corporate Transparency Act is unconstitutional because it cannot be justified as an exercise of Congress’s enumerated powers.”

Alabama 111

Alabama Legal Government CPA 111

CPA Practice

MARCH 12, 2024

A federal district court in Alabama has found the Corporate Transparency Act (CTA), which includes the controversial Beneficial Ownership Information reporting requirements, to be unconstitutional. District Court for the Northern District of Alabama, Northeastern Division. Updated March 12, 2024. Originally published March 4, 2024.)

Alabama 98

Alabama Government Legal Tax 98

Withum

MARCH 20, 2024

Author: James Trubenbach-Byrne , CPA | jbyrne@withum.com Contact Us For more information on this topic, please contact a member of Withum’s Healthcare Services Team. The initial implementation site of the project will be at Aaron Henry Community Health Center in Tunica, Mississippi. appeared first on Withum.

Mississippi 72

Mississippi South Carolina North Carolina Kentucky 72

CPA Practice

MARCH 5, 2024

A federal district court in Alabama has found the Corporate Transparency Act, which includes the controversial Beneficial Ownership Information reporting requirements, to be unconstitutional. District Court for the Northern District of Alabama, Northeastern Division. Judge Liles Burke, U.S.

Alabama 110

Alabama Legal Government Tax 110

CPA Practice

MARCH 6, 2024

Michael Shaw, MST provides consulting, tax, and accounting services to small and midsized businesses and nonprofit organizations throughout Central Alabama. The firm has five locations in Alabama: Montgomery, Auburn, Dothan, Prattville, and Wetumpka. Founded in 2014 by Jeremiah Moreland and W.

cpas 52

cpas Alabama accounting firms Tax 52

CPA Practice

APRIL 3, 2024

Maine has the highest property tax burden, while Alabama has the lowest. The following are some key findings from WalletHub’s study: As previously stated, New York has the highest overall tax burden, while Alaska has the lowest. Washington has the highest sales and excise tax burden, while New Hampshire has the lowest.

Rhode Island 111

Rhode Island Alaska Tax New Hampshire 111

CPA Practice

APRIL 9, 2024

Maine has the highest property tax burden, while Alabama has the lowest. The following are some key findings from WalletHub’s study: As previously stated, New York has the highest overall tax burden, while Alaska has the lowest. Washington has the highest sales and excise tax burden, while New Hampshire has the lowest.

Rhode Island 106

Rhode Island Alaska Tax New Hampshire 106

Going Concern

SEPTEMBER 22, 2023

Though an attorney and not a CPA, I’ve spent over 30 years in and around the CPA profession, retiring from PwC as a Principal. The CPA profession knows this is a problem and is struggling with its causes – and solutions. CPAs love to study things. Full bio at the bottom. I love accounting.

Maryland 62

Maryland CPA cpas North Carolina 62

CPA Practice

MARCH 4, 2024

While it’s unclear if Biden will mention it in the speech, Republicans have been on the defensive over a recent Alabama Supreme Court ruling that frozen human embryos can be considered people under state law. Wade decision that had guaranteed those rights for nearly half a century.

Tax 120

Tax Alabama corporation tax Government 120

Going Concern

JANUARY 8, 2024

Here’s some news from the AICPA via CPA Journal : Firms had a strong fiscal 2022, but number of accounting majors drops sharply. It did not matter that the petition was filed timely in the time zone where the taxpayer was located (Alabama). Journal of Accountancy wrote up Jason Staats’ talk at Digital CPA.

Tax 92

Tax Account accountant accounted 92

CPA Practice

APRIL 5, 2024

Alabama $1,296,399 $360,053 27.8% The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3%

West Virginia 127

West Virginia Rhode Island South Dakota North Dakota 127

TaxConnex

FEBRUARY 10, 2022

Some states — notably Alabama, Colorado, Louisiana, Alaska, among others — empower municipalities and other jurisdictions to levy sales taxes. Many businesses find it helpful to outsource this function to a CPA or services firm to not have an additional burden and risk fall to their own financial teams.

Sales 199

Sales Tax E-commerce Alaska 199

CPA Practice

FEBRUARY 28, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. The deadline already had been postponed to May 15 for these areas.

Tax 128

Tax Alabama tax return Georgia 128

CPA Practice

MARCH 28, 2024

The firm has six offices across Alabama, Georgia, Texas, and Ohio. Founded in 1997, Tidwell is a tax, assurance and advisory, and real estate consulting firm with 40 partners and a staff of more than 200 professionals.

Real Estate 52

Real Estate Alabama Georgia Ohio 52

Going Concern

JANUARY 29, 2024

NYSSCPA CEO Calvin Harris, CPA said in a column for CPA Journal : But the winds of change have long been upon us. This is part of why New York Governor Kathy Hochul’s recent signing of “non-CPA ownership” into law is such a big deal. More on the New York non-CPA ownership bill. Let’s read a little bit.

auditor 52

auditor cpa firm Account accountant 52

CPA Practice

MAY 3, 2024

Alabama Alabama annual severe weather preparedness sales tax holiday , February 23–25, 2024 Portable generators priced $1,000 or less Supplies priced $60 or less (e.g., Fortunately, price caps were more normal during the 2023 Florida Freedom Summer sales tax holiday. What states have a sales tax holiday in 2024? and end at midnight.

Sales 119

Sales Tax Nevada West Virginia 119

Going Concern

AUGUST 25, 2023

Alabama State University ] This kid is already on the partner track and hasn’t even started yet, check the quote. An Alabama State University accounting student has been awarded a multi-year paid internship with the prestigious Big-4 accounting firm KPMG. Big 4 COBA Student Wins Big Internship!

tax preparation 92

tax preparation CPA payroll tax Illinois 92

CPA Practice

JUNE 29, 2023

The new IRS mailing will go to many California residents and taxpayers in designated disaster areas in other states, including Alabama, Arkansas, Florida, Georgia, Indiana, Mississippi, and Tennessee.

income tax 111

income tax Mississippi tax return Arkansas 111

CPA Practice

JANUARY 3, 2024

In Alabama, overtime pay relief kicked in as of Jan. As a result of the new law, Alabama is the only state (of the 41 states that impose an income tax), to exempt overtime pay. Ned Lamont has described the state’s $51 million budget signed last year as the largest income tax cut in the history of the Constitution State.

Tax 128

Tax Kansas income tax Montana 128

CPA Practice

FEBRUARY 9, 2024

Sports betting is illegal in Alabama, Alaska, California, Georgia, Hawaii, Idaho, Minnesota, Missouri, Oklahoma, South Carolina, Texas, and Utah. Now, the District of Columbia and most states allow some form of online sports betting, while another nine states only allow retail sports betting.

Gambling 122

Gambling Tax Sports South Carolina 122

Going Concern

FEBRUARY 27, 2023

The study is authored by Richard Hatfield from the University of Alabama, Curtis Mullis of Georgia State University, and Ken Trotman from the University of New South Wales. From FloQast : Six in ten (63%) U.K. From FloQast : Six in ten (63%) U.K.

Technology 101

Technology Account accountant accounted 101

CPA Practice

FEBRUARY 27, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. The deadline already had been postponed to May 15 for these areas.

Tax 95

Tax Alabama tax return Georgia 95

Withum

SEPTEMBER 16, 2022

Alabama, Alaska, Arizona, Colorado, and Louisiana are “home rule” states which permit the municipalities or counties to govern themselves with certain restrictions. Author: Bonnie Susmano , JD, CPA | bsusmano@withum.com. Contact Us. Let’s Chat.

Sales 80

Sales Retail Tax South Dakota 80

CPA Practice

NOVEMBER 16, 2023

With causes ranging from food scarcity to housing support, organizations supported included Bobby Dodd Institute in Atlanta, Community Food Bank of Central Alabama in Birmingham, Red Hook Farms in New York, Families Forward in Charlotte, and Duyan Ni Maria Children’s Home in the Philippines. “As

Non-Profits 52

Non-Profits Alabama New York Education 52

Going Concern

MARCH 10, 2023

Tax These Philadelphia high school students can do your taxes as well as any CPA — for free [ KYW Newsradio ] Students in the VITA program gain skills that can bolster their resumes, said Denise Magasich, a business and finance programs specialist from the school district’s career and technical education office.

Tax 106

Tax auditor audit accounting and finance 106

CPA Practice

MARCH 30, 2023

The letter highlights a recent example, noting that the IRS recently extended tax deadlines to October 16 for disaster area taxpayers in California, Alabama, and Georgia. Taxpayers impacted by these and other disasters should also have the benefit of the lookback period being aligned with the postponed return filing due date.

Alabama 59

Alabama Georgia Tax cpas 59

CPA Practice

JULY 27, 2023

Harbert College of Business and Justin Robinson from the College of Sciences and Mathematics , founded the Birmingham, Alabama-based company in 2018 and have grown it into a trusted service-based tax business.

Tax 94

Tax tax preparation Alabama Technology 94

CPA Practice

JANUARY 3, 2024

batteries, duct tape, nonelectric food storage coolers) Alabama annual back-to-school sales tax holiday , July 19–21, 2024 Books priced $30 or less Clothing priced $100 or less Computers, computer software, and school computer supplies priced $750 or less School supplies priced $50 or less Alabama tax-free weekends begin at 12:01 a.m.

Sales 78

Sales Nevada Tax West Virginia 78

CPA Practice

DECEMBER 11, 2023

The following tax changes have been monitored and tracked this year alone by Avalara: More than 8,700 sales and use tax rate changes across the U.S.

Tax 116

Tax Technology Alabama Kansas 116

CPA Practice

OCTOBER 12, 2023

For example: Alabama has a license tax on firearms and ammunition dealers ; the rate varies depending on the population of the county where the dealer operates Pennsylvania imposes a $3 firearm sales surcharge on the purchase of a firearm subject to tax; the fee is administered by the Pennsylvania State Police.

California 125

California Sales Tax Pennsylvania 125

Anders CPA

MAY 15, 2023

Contact Anders The post Employer Payroll Tax Obligations When Employees Work Out-Of-State appeared first on Anders CPA. Wage Base is the maximum amount of wages per employee on which an employer owes state unemployment tax.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

CPA Practice

DECEMBER 19, 2023

But your clients don’t have to select January 1 as their incorporation date. Generally, a company can choose a “future effective date” 30 to 90 days out.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

CPA Practice

OCTOBER 18, 2023

Two others have the dubious distinction of getting honorable mention: Alabama and Kansas. Of the 45 states (plus the District of Columbia) that have a general sales tax, 10 stand out as being especially tricky for sales tax compliance: Arizona, California, Colorado, Florida, Illinois, Louisiana, Missouri, New York, Tennessee, and Texas.

Sales 59

Sales South Dakota Tax Missouri 59

CPA Practice

JANUARY 17, 2024

The results are below, with the word “Accountant” bolded for emphasis: State The job most cautious of AI The second job most cautious of AI The third job most cautious of AI The fourth job most cautious of AI The fifth job most cautious of AI U.S.

North Dakota 58

North Dakota Rhode Island West Virginia South Dakota 58

CPA Practice

APRIL 12, 2023

State-by-state estimates of individuals who may be due 2019 income tax refunds State or District Estimated Number of Individuals Median Potential Refund Total Potential Refunds * Alabama 23,900 $880 $23,694,700 Alaska 6,000 $917 $6,542,300 Arizona 35,400 $824 $33,911,500 Arkansas 12,800 $864 $12,586,100 California 144,700 $856 $141,780,000 Colorado (..)

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

Going Concern

AUGUST 18, 2023

Accounting Thought Leaders Discuss the Real Impact of AI on Accounting Firms [ CPA Practice Advisor ] In a KPMG study in spring 2023, the Big 4 firm found that 77% of its business client respondents expected generative AI to have the largest impact on their businesses of all emerging technologies. “I

Account 85

Account accountant accounted accounting and finance 85