CPA Practice

JANUARY 17, 2024

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.

North Dakota 58

North Dakota Rhode Island West Virginia South Dakota 58

TaxConnex

FEBRUARY 16, 2023

Our company is highly acquisitive and this results in lack of consistency when it comes to billing, accounting and reporting,” said one survey respondent. More than half of respondents (58%) use internal resources or their existing accounting system to try to manage their compliance obligations. Manual, cumbersome processes.

Sales 130

Sales Tax Alaska Missouri 130

CPA Practice

APRIL 5, 2024

Taxpayers in Washington will pay the most on everyday expenses ($83,014), followed by those in California ($78,191), accounting for food, clothing, personal care, and entertainment. Alaska $1,632,895 $400,742 24.5% Alaska $1,632,895 $400,742 24.5% Connecticut $1,731,261 $855,307 49.4% Vermont $1,442,094 $651,434 45.2%

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

TaxConnex

FEBRUARY 10, 2022

Some states — notably Alabama, Colorado, Louisiana, Alaska, among others — empower municipalities and other jurisdictions to levy sales taxes. Notices may arrive in the mail, show up in your email inbox or simply be posted to your account on the tax jurisdiction’s website. Some states will also ask for copies of driver’s licenses.

Sales 199

Sales Tax E-commerce Alaska 199

CPA Practice

OCTOBER 2, 2023

These areas include: Taxpayers affected by flooding in Illinois and Alaska. The IRS Online Account feature provides information to help taxpayers file an accurate return including AGI amounts from last year’s return, estimated tax payment amounts and refunds applied as a credit. They have until Oct. 31, 2023, to file. IRS Direct Pay.

South Carolina 124

South Carolina Tax Georgia income tax 124

Anders CPA

MAY 15, 2023

Once registered, employers will receive an employment withholding account number so state taxes can be withheld and remitted properly. Contact Anders The post Employer Payroll Tax Obligations When Employees Work Out-Of-State appeared first on Anders CPA.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

CPA Practice

OCTOBER 18, 2023

Alaska: Fostering small business development Alaska is known for its support of small businesses. The state of Alaska offers various tax incentives and credits specifically designed for startups and small enterprises. In total, 39 states allow local governments to impose sales taxes, some of which can be quite substantial.

business tax 59

business tax Tax Alaska South Dakota 59

CPA Practice

JULY 12, 2023

In Alaska, New Jersey, and Pennsylvania, both employers and employees contribute to the fund, with the employee’s portion of SUI deducted from their paychecks. They need EINs to set up an account with the unemployment office to file and remit SUI taxes. In all but three states, only employers contribute to SUI. What is SIT Tax?

income tax 98

income tax Tax South Dakota Alaska 98

CPA Practice

OCTOBER 16, 2023

These areas include: Taxpayers affected by flooding in Illinois and Alaska. The IRS Online Account feature provides information to help taxpayers file an accurate return including AGI amounts from last year’s return, estimated tax payment amounts and refunds applied as a credit. They have until Oct. 31, 2023, to file. IRS Direct Pay.

South Carolina 111

South Carolina Georgia income tax Vermont 111

MyIRSRelief

JULY 3, 2023

Certified Public Accountants (CPAs): CPAs are licensed accountants with expertise in tax matters. Verify their credentials, such as being an enrolled agent, tax attorney, or CPA, and check for any relevant certifications or affiliations. Tax Attorneys: Tax attorneys are lawyers who specialize in tax law.

audit 130

audit North Carolina Oklahoma Ohio 130

Shay CPA

FEBRUARY 7, 2024

Initial report filings If your business plans to start operating in any of the following states, you may be required to file an initial report: Alaska California Georgia Missouri New Mexico This is similar to your annual report, but the above states require a special format for your first one.

Alaska 52

Alaska Missouri New Mexico Georgia 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. Loved by entrepreneurs, accountants, and lawyers, CorpNet offers transparent pricing, a simple ordering process, and quickly scalable software and API solutions.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

CPA Practice

JUNE 13, 2023

With 46 states, parts of Alaska, and the District of Columbia enforcing online sales tax laws with different thresholds and rules, it’s clear that the complexity for businesses selling across channels and into multiple jurisdictions can mount quickly. As a result, 49% of U.S.

Technology 105

Technology Alaska Missouri Tax 105

CPA Practice

MARCH 7, 2023

Avalara now provides System and Organization Controls 2 (SOC 2) compliance for our core products, including Avalara AvaTax, Avalara Managed Returns, Avalara Returns for Accountants, Avalara Managed Returns for Accountants, and Avalara Exemption Certificate Management (ECM). The tricky 10. Do you owe taxes in The Last Frontier?

Sales 52

Sales Tax South Dakota Alaska 52

CPA Practice

APRIL 19, 2024

By 2027, marketplaces may account for 59% of ecommerce globally. To that end, Alabama created a Simplified Sellers Use Tax (SSUT), Colorado developed a Sales and Use Tax System (SUTS), and local governments in Alaska built a remote sales tax information portal. By Gail Cole. Who wouldn’t want a piece of that pie?

Tax 59

Tax Wyoming Alaska Louisiana 59

Going Concern

APRIL 1, 2024

Business Insider wrote about the accountant shortage, specifically Tupperware griping in regulatory filings that it can’t find enough people (again): The accountant shortage is so bad that companies are delaying filing key mandatory reports. A lot of this work that we’re doing is, I’d call it forensic accounting,” Cipriano said.

Account 104

Account accountant accounted audit 104

Snyder

FEBRUARY 12, 2023

From their side, the employer is responsible for: Paying their share of payroll taxes; Depositing tax dollars withheld from the employees’ paychecks; Preparing reconciliation reports; Accounting for the payroll expense; Filing payroll tax returns. To learn more about income taxes check our blog → Click here.

payroll tax 52

payroll tax payroll Tax income tax 52

CPA Practice

JUNE 1, 2023

AICPA News is a round-up of recent announcements from the American Institute of CPAs. The coalition includes the following organizations: AICPA Latino Tax Pros National Association of Black Accountants, Inc. This award is granted to CPA candidates who obtain a cumulative average score above 95.50

institute of chartered accountants 111

institute of chartered accountants chartered accountant North Dakota Wisconsin 111

CPA Practice

APRIL 10, 2023

Alaska, California, Nevada) But don’t let that little number 5 fool you: The taxing scenarios listed above amount to roughly 4,000+/- locally administered accommodations taxes across 30+/- states, according to the State Tax Research Institute (STRI). Gail Cole is a senior writer at Avalara.

Tax 85

Tax West Virginia Wisconsin Virginia 85

xendoo

JANUARY 16, 2023

A professional tax advisor or CPA can accurately file your business taxes on time. It’s best to check with an accountant or tax professional to comply with the applicable laws. This process usually requires you to list the items you plan to sell and provide account information. Legislation also impacts your tax bill.

business tax 52

business tax Tax income tax payroll tax 52

CPA Practice

OCTOBER 23, 2023

The interim report highlights four small businesses leveraging SSBCI funding, including a consultancy supporting the Latino community in Pennsylvania, a woman-owned telehealth startup in Maryland, and a Tribal LLC in Alaska.

Kansas 98

Kansas Michigan Vermont Manufacturing 98

Going Concern

JULY 27, 2023

.” First, the press release : Today, America First Legal’s (AFL) Center for Legal Equality sent a cease and desist letter to the accounting firm PricewaterhouseCoopers (PWC) demanding they stop using racial preferences in hiring and internship programs.

CPA 52

CPA cpas Legal Alaska 52

CPA Practice

APRIL 13, 2023

Taxes on bonuses and investment income account for almost 20% of the state’s general fund, according to Lierman. Alaska might have to sacrifice proposed school funding increases and cut oil dividends to residents after the state projected a deficit of around $900 million under Republican Gov. And Colorado projected a $532.2

Maryland 64

Maryland Virginia Alaska income tax 64

CPA Practice

AUGUST 23, 2023

He’s called for allowing younger Americans to invest a portion of their Social Security taxes in a private account and said he is open to phasing in a hike in the retirement age. Mike Pence, former vice president Mike Pence Social Security Pence has described Social Security and Medicare as causes of “runaway government spending.”

Tax 52

Tax North Dakota Arkansas South Carolina 52