xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

business tax 52

business tax Tax income tax payroll tax 52

Withum

FEBRUARY 27, 2023

The last updated news release on February 24, 2023, states that affected taxpayers now have until October 16, 2023 to file various individual and business tax returns and make tax payments. What Items Are Now Extended Until October 16, 2023? The IRS also announced that the Oct.

California 119

California tax return Nevada payroll 119

Withum

JANUARY 12, 2023

These relief provisions provide an extended due date to May 15, 2023, for disaster-affected taxpayers to file returns. For more information about the IRS’ relief provisions for California taxpayers affected by this winter’s storms, please see IRS CA-2023-02 and IRS Alert IR-2023-03. Contact Us. Let’s Chat.

California 122

California Tax tax return payroll tax 122

CPA Practice

SEPTEMBER 1, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. 15, 2024, to file various federal individual and business tax returns and make tax payments. 27, 2023, through Feb. 15, 2023, and Jan. 31, 2023, and Jan.

Tax 119

Tax income tax tax return payroll 119

xendoo

JANUARY 30, 2023

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. How do you know which tax credits will save you the most money?

business tax 52

business tax Tax tax return income tax 52

CPA Practice

MARCH 9, 2023

Storms, wildfires and flooding damage have pushed back the tax filing deadlines for most Californians. 16 applies to California and federal individual and business tax returns and payments. The IRS said the extension includes most 2022 individual and business returns originally due April 18.

Tax 133

Tax tax return California payroll 133

Ronika Khanna CPA,CA

JANUARY 3, 2022

I have compiled a list of deadlines for all unincorporated small business owners which includes sole proprietors and self employed individuals. Download our free small business tax deadline calendar for 2022. Note that the usual deadline for sales tax (GST/HST and QST) payments and income tax returns is April 30th.

business tax 52

business tax Tax income tax tax return 52

Withum

OCTOBER 6, 2022

Last week, the Federal Government released guidance allowing certain federal tax filings and payments to be extended until February 15, 2023, for the victims of Hurricane Ian. This relief also includes the filing of Form 5500 series returns that were required to be filed on or after September 15, 2022, and before February 15, 2023.

Government 125

Government income tax tax return Florida 125

CPA Practice

SEPTEMBER 13, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in 28 of the state’s 159 counties in Georgia. 15, 2024, to file various federal individual and business tax returns and make tax payments. 30, 2023, through Feb. 15, 2023, and Jan.

Georgia 105

Georgia South Carolina income tax tax return 105

CPA Practice

MARCH 24, 2023

Residents and businesses in five New York counties affected by recent winter storms now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced. 17, 2023, and April 18, 2023. 31 and April 30, 2023.

New York 105

New York Tax tax return income tax 105

CPA Practice

AUGUST 19, 2023

The Internal Revenue Service will allow Hawaii taxpayers in Maui and Hawaii counties extra time – until February 15, 2024 – to file various federal individual and business tax returns and make tax payments that would have been normally been due before then. 8, 2023, through Feb. 15, 2023, and Jan.

Hawaii 97

Hawaii Tax income tax tax return 97

inDinero Tax Tips

JANUARY 16, 2024

Due dates for business taxes can change from year to year based on a variety of factors, including weekends and federal holidays. So, if you’re wondering when are taxes due in 2024, you’re asking the right question at the right time. Missing these tax payment deadlines might result in penalties or interest charges.

Tax 52

Tax tax return payroll tax Delaware 52

CPA Practice

APRIL 3, 2023

Individuals and households that reside or have a business in Cross, Lonoke and Pulaski counties in Arkansas now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced. See Publication 547 for details.

Arkansas 98

Arkansas Tax tax return income tax 98

CPA Practice

FEBRUARY 27, 2024

The Internal Revenue Service announced today tax relief for individuals and businesses in parts of California affected by severe storms and flooding that began on Jan. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. 15, 2025.

tax return 69

tax return income tax California payroll 69

CPA Practice

FEBRUARY 16, 2024

Due to severe storms in August 2023, individuals and business taxpayers in some Michigan counties have until June 17, 2024, to file various federal individual and business tax returns and make tax payments, the the Internal Revenue Service has announced. 24, 2023, through June 17, 2024 (postponement period).

Michigan 59

Michigan Tax tax return income tax 59

CPA Practice

FEBRUARY 28, 2023

16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 various tax filing and payment deadlines, including those for most calendar-year 2022 individual and business returns. The deadline already had been postponed to May 15 for these areas.

Tax 128

Tax Alabama tax return Georgia 128

ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

payroll tax 98

payroll tax payroll tax return Tax 98

CPA Practice

FEBRUARY 27, 2023

16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 various tax filing and payment deadlines, including those for most calendar-year 2022 individual and business returns. The deadline already had been postponed to May 15 for these areas.

Tax 95

Tax Alabama tax return Georgia 95

Ronika Khanna CPA,CA

FEBRUARY 9, 2024

While there are numerous payroll software that handle the filing of the T4 and RL1 slips , the RL1 summary is usually left to the employer (and/or their accountants) to file. The rate for 2023 is 0.0006 (0.06%) and maximum salary to which this applicable, for each individual employee is $91,000 in 2023.

payroll 98

payroll income tax Manufacturing accounting and finance 98

CPA Practice

JUNE 13, 2023

But part of what’s driving the ERC backlog in particular are adjusted or amended payroll tax returns, according to Michael Wronsky, a senior manager with Baker Tilly’s tax team. These returns are where the majority of credits have been claimed, and they must be paper filed,” Wronsky explains.

tax return 111

tax return Oregon payroll tax Tax 111

Nancy McClelland, LLC

APRIL 5, 2024

Photo by coco tafoya on Unsplash As my readers and colleagues know, I’m a huge proponent of leveraging technology to remove the drudgery from our jobs and those of our small business clients. Honestly, I randomly stumbled on it when I went into my own Gusto account to run weekly payroll.) We all have enough on our plates already!

tax preparation 52

tax preparation Tax bookkeeping payroll 52

Withum

SEPTEMBER 15, 2023

Many companies are experiencing unfavorable cash tax payments when filing their 2022 federal income tax returns this fall, as federal law no longer allows an immediate deduction for Section 174 Research and Experimental (“R&E”) expenses incurred for taxable years beginning after 2021.

tax return 69

tax return payroll tax income tax Tax 69

ThomsonReuters

AUGUST 25, 2023

Take this example: Your business client purchased software in December 2022 to process payroll, accounts payable, and accounts receivable, but they didn’t put that software into service until January 2023. How is software depreciated for tax purposes?

Tax 97

Tax Technology Manufacturing payroll 97

Ronika Khanna CPA,CA

OCTOBER 13, 2023

As an employee, your employer takes on the responsibility to pay certain payroll deductions to the governmen t, which are deducted directly from the employees’ gross salary. The net salary, which is the amount on the employees’ paycheque, is the amount received after payroll and income taxes have been deducted.

tax return 52

tax return Tax payroll income tax 52

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Tax Administration: Sole proprietorships and unincorporated businesses are required to include their business income and expenses in their personal tax returns by filling out the T-2125. This form can be found in most online tax filing software including Ufile and TurboTax.

Tax 52

Tax tax return business tax income tax 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. Also, they can lose their S Corp status if they have too many shareholders or make more than 25% of the business’s income from passive investment income.

New Hampshire 114

New Hampshire Tax tax return income tax 114

Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

income tax 80

income tax Tax accounting standards accounting and finance 80

ThomsonReuters

MAY 11, 2023

For accounting firms, automation is perhaps the single most effective and immediate way to achieve greater efficiency, particularly when it comes to eliminating the manual tasks associated with accounts payable/receivable , payroll, tax compliance, and financial reporting.

Technology 52

Technology payroll tax accounts payable accounting firms 52

CPA Practice

JUNE 29, 2023

And so, you know, I start watching the dollars on a trial balance for a business tax return. If so, do you do payroll? How many tax returns? And I’m not anti cloud, but the pricing models on the cloud product are almost always pre engagement for either prep company review, and or full audit. How many cops?

Technology 52

Technology audit general ledger Start-ups 52

KROST

APRIL 19, 2021

Funds must be used for eligible expenses (“Eligible Expenses”) no later than March 11, 2023. Eligible entities are businesses where the public or patrons assemble for the primary purpose of being served food or drink 1. Business Tax Identification Number. Eligible Entities. These include: Restaurants. Valid ITIN.

tax return 52

tax return Tax Non-Profits Sales 52