CPA Practice

OCTOBER 18, 2023

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

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business tax Tax Alaska South Dakota 59

CPA Practice

DECEMBER 19, 2023

Incorporating at the End of the Year The primary advantage of incorporating before the end of the year is your clients can then take advantage of the tax benefits owning a corporation offers, including writing off the costs of incorporating on this year’s taxes.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

ThomsonReuters

JULY 19, 2022

For example, in New Hampshire, employers must pay employees wages on a weekly or bi-weekly schedule. Semi-monthly and monthly pay frequencies must be approved by the New Hampshire Department of Labor (NHDOL). New survey on impact of same-day pay. Interested in payroll topics? However, some U.S.

New Hampshire 98

New Hampshire payroll Construction California 98

ThomsonReuters

JANUARY 2, 2024

Checkpoint Payroll discussed these possibilities with Carrie Hoffman, Chair of Foley & Lardner’s Labor and Employment Practice, who shared her thoughts on the various components that PFML legislation may tackle. For example, as noted, the New Hampshire program is the only state invited that has a voluntary program.

Legal 52

Legal New Hampshire Colorado New Jersey 52

CPA Practice

MARCH 7, 2023

For example, it makes sense to suggest electing S Corp status to your clients when their self-employment tax burden exceeds the tax burden if the corporation converted to an S Corp. For businesses structured as corporations, being an S Corp can help them avoid paying taxes at the corporate and shareholder levels. for Medicare.

New Hampshire 114

New Hampshire Tax tax return income tax 114

Steve Feinberg

OCTOBER 14, 2022

Improperly filled-out invoices, missed tax payments, or inaccurate purchase orders mean that other teams are operating under false pretenses, and sometimes these errors aren’t accounted for until the project is complete. Administrative Errors. It’s a fairly commonly understood aspect of business: People don’t work if they don’t get paid.

Construction 89

Construction bookkeeping tax preparation New Hampshire 89

Steve Feinberg

OCTOBER 14, 2022

Improperly filled-out invoices, missed tax payments, or inaccurate purchase orders mean that other teams are operating under false pretenses, and sometimes these errors aren’t accounted for until the project is complete. Administrative Errors. It’s a fairly commonly understood aspect of business: People don’t work if they don’t get paid.

Construction 87

Construction bookkeeping tax preparation New Hampshire 87

Going Concern

JANUARY 6, 2023

Nonfarm payrolls increased by 223,000 in December and the unemployment rate ticked downward by two-tenths of a point to 3.5%, the U.S. ” California Program Offers Black Students Path to Accounting [ Bloomberg Tax ]. CPAs rev up for a new tax season [ Journal of Accountancy ]. ” Employment. Firm M&A.

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cpa firm CPA New Hampshire Ohio 52

Steve Feinberg

NOVEMBER 30, 2022

This unstable cash flow makes it hard to estimate revenue and is affected by other highly individualized factors like wage rates, materials costs, insurance fees, equipment repairs, overtime, taxes, and a host of other surprises. Project-specific costs (such as payroll, subcontractor payments, and materials purchases).

bookkeeping 52

bookkeeping Construction New Hampshire payroll 52

Steve Feinberg

MARCH 15, 2023

Custom cabinetry companies don’t have the luxury of choosing jobs that aren’t profitable, but job delays, changing materials costs, and surprise tax issues can turn even simple contracts into time and cost-wasting nightmares. It all comes down to having the data on hand to justify your decision for the good of your company.

bookkeeping 52

bookkeeping Construction New Hampshire accounting and finance 52

ThomsonReuters

FEBRUARY 7, 2022

The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. New Hampshire. 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.

Missouri 98

Missouri Rhode Island Nebraska Mississippi 98

ThomsonReuters

JUNE 21, 2021

Repaying Deferred Social Security Taxes . In addition, a Presidential Memorandum signed on August 8, 2020, allowed employers to defer the employee’s share of Social Security tax from September 1, 2020 through the end of tax year 2020. . Federal News . State of New Hampshire v. The Acting U.S.

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payroll Tax Missouri Massachusetts 52

ThomsonReuters

JANUARY 24, 2022

New Hampshire. The New Hampshire Employment Security (NHES) has released FAQs regarding unemployment eligibility and employer vaccine mandates. The post Employer Vaccine Mandates, Worker Refusals, and Unemployment Benefits appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Rhode Island 119

Rhode Island West Virginia South Dakota Maryland 119

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware does tax companies. In 2011, Delaware garnered $860 million in taxes and fees from out-of-state business entities incorporated under its laws. With so few taxes, how does Delaware rake it in?

Delaware 64

Delaware Wyoming Nevada Oregon 64

Steve Feinberg

OCTOBER 31, 2022

This isn’t because these businesses don’t understand how important bookkeeping is, but proper record keeping for budgeting, job costing, and tax filing takes time that a busy owner simply might not have. When you submit your tax returns, you’ll have to choose between an accrual basis and a cash basis. Track everything.

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bookkeeping Construction New Hampshire tax return 52

ThomsonReuters

JULY 26, 2022

per hour effective July 24, 2009 (see Payroll Guide ¶18,200 ). See Payroll Guide ¶19,010 for a list of the current state minimum wage rates and further wage and hour information. per hour), Idaho, Iowa, Kansas, Kentucky, North Carolina, North Dakota, New Hampshire, Oklahoma, Pennsylvania, Utah, Wisconsin, and Wyoming.

North Dakota 98

North Dakota South Carolina North Carolina Michigan 98

ThomsonReuters

AUGUST 2, 2021

Now let’s go over some of the more important payroll stories from the past week. . Federal News . The IRS has updated its lengthy list of FAQs on paid sick and family leave tax credits under the American Rescue Plan Act (ARPA) relating to COVID-19 vaccines. New Hampshire. Learn more.

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ThomsonReuters

DECEMBER 14, 2020

The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals. The tax rules and regulations U.S. We’re left to approach tax-filing season with a great deal of uncertainty,” said Melissa Oaks, a Thomson Reuters tax specialist who presented the webinar. Recent Changes.

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business tax Tax Montana New Hampshire 94