Accounting Insight

MAY 9, 2025

In this blog, we answer all your FAQs related to MTD for Income Tax , as there remains uncertainty about HMRCs scheme. What is MTD for Income Tax? Be able to provide their Income Tax return information to HMRC through compatible software. Who is exempt from MTD for Income Tax?

income tax

Withum

JUNE 24, 2025

This results in pass-through business owners avoiding the $10,000 state and local income tax limitation on their pass-through income. For example: Assume $500,000 of pass-through income is allocated to a New York state resident, filing a married filing joint return, for the 2028 calendar year.

Tax

Withum

JULY 1, 2025

House Bill vs. Senate Bill Comparisons of the major individual income tax provisions in the House bill versus the Senate bill are highlighted below. Permanently allows for the increased standard deduction amount provided under the Tax Cuts & Jobs Act. Effective for taxable years beginning after December 31, 2025.

Tax

TaxConnex

JULY 12, 2022

Georgia has amended the exemption from sales and use tax on the sale or lease of computer equipment to be used by qualifying Georgia high-tech companies. The bill also extends the sunset date of the sales tax exemption for the purchase of high-technology data center equipment to Dec.

Sales

Withum

JULY 28, 2023

Separate and apart from the Convenience of Employer rule, the legislation will offer a refundable gross income tax credit to New Jersey residents who can successfully dispute out-of-state tax on income derived from services performed by the resident taxpayer while within New Jersey.

New Jersey

CPA Practice

SEPTEMBER 12, 2024

Jeffrey Pawlow Joins Brady Martz & Associates as Chief Execution Officer Top 100 nationally ranked accounting and advisory services firm Brady Martz & Associates recently announced that Jeffrey Pawlow has joined the Firm as Chief Execution Officer. Before joining Brady Martz, he served as President of Engineered Tax Services, Inc.

Kansas

Withum

AUGUST 17, 2022

Depending on the auto dealership that is chosen, an individual may not have to wait until the filing of their income tax return to benefit from the credit. Alternatively, auto dealers can decrease their federal income tax payments based on the transferred credits. Transfer of Clean Vehicle Credit to a Dealer. Contact Us.

Tax