article thumbnail

Oct. 16, 2023, is Deadline for Millions Who Filed Tax Extensions; But Many Get More Time Due to Disasters

CPA Practice

Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. 24, 2024, to file various individual and business tax returns. Taxpayers can get answers to many tax law questions by using the IRS’s Interactive Tax Assistant tool. IRS Direct Pay. Pay by card.

article thumbnail

Oct. 16, 2023, is Deadline for Taxpayers with an Extension

CPA Practice

Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. 24, 2024, to file various individual and business tax returns. Taxpayers can get answers to many tax law questions by using the IRS’s Interactive Tax Assistant tool. IRS Direct Pay. Pay by card.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

These states include: Arizona ( House Bill 2130 ) Hawaii ( Senate Bill 360 and House Bill 490 ) Indiana ( House Bill 1243 ) Iowa ( Senate Bill 95 ) Minnesota ( Senate Bill 2 ) Mississippi ( Senate Bill 2286 ) Nebraska ( LB 57 ) North Dakota ( House Bill 1460 ) Oklahoma has two measures.

payroll 105
article thumbnail

Guidelines For Deducting Conference and Training Expenses

Ronika Khanna CPA,CA

Eg, the Canadian Institute of Chartered Accountants would have to hold the qualifying event somewhere in Canada otherwise the deduction might be denied. There is an exception with respect to conventions, held in the United States, that are “national in character” which are allowable as a business expense. with a CCA rate of 5%.

article thumbnail

How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

Note: The important thing is that the United States income tax rates are marginal , which just means that each tax rate applies to only one part of your income. . Income tax calculations are reflected in the business tax return. In the USA, the IRS or local tax agencies play the role of such authority.

article thumbnail

Q&A With A Founder

SingleTrackAccounting

At Singletrack Accounting, we love hearing from happy small business owners that our team has saved time, headaches, and the stress of the dreaded tax filing season. Kim: When you first started your business, was accounting on your mind? Alley: Not exactly. Full transparency – it was a big, giant mess!

article thumbnail

Online Travel Agencies Face a Virtual World of Tax Obligations

CPA Practice

Fortunately, you can automate the calculation, collection, and remittance of hospitality-related taxes. In 2015, the Hawaii Supreme Court ruled that nine online travel companies owed up to tens of millions of dollars in back taxes to the state for selling Hawaii hotel rooms over the internet.

Tax 98