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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Close your accounts. You’ve probably already thought about closing your bank accounts, but that’s not the only area where you need to get things sorted. Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts.

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Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

MyIRSRelief

Understanding the Importance of Maintaining Tax-Exempt Status One of the primary concerns for any nonprofit is maintaining its tax-exempt status under IRC Section 501(c)(3). This status exempts nonprofits from federal income tax on their earnings related to their exempt purpose. and foreign tax laws. A : Not quite!

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Professionals on the Move – May 2024

CPA Practice

FORVIS adds two managing directors to State & Local Tax team FORVIS , an integrated professional services firm has hired two new managing directors to bolster its State & Local Tax (SALT) practice in two key markets. Ecroyd is a licensed CPA in New York and Colorado. Albany in New York.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Indeed, trust is not built on mitigating risks alone. million from the federal government.

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Withum Introduces CEO-elect Pat Walsh to Succeed Bill Hagaman

Withum

Withum, a national top 25 accounting and advisory firm, announced today that Pat Walsh , Partner and Market Leader for Withum’s National Tax Services Practice, will succeed CEO and Managing Partner Bill Hagaman , after his term ends in 2023. Bill Hagaman, CPA, CGMA Managing Partner and CEO, Withum.

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NYU School of Professional Studies Presents 42nd Annual Institute on State and Local Taxation on December 11-12 in NYC

CPA Practice

On December 11-12, the NYU 42 nd Annual Institute on State and Local Taxation, hosted by the NYU School of Professional Studies Division of Programs in Business , will take place at the Westin New York at Times Square. In addition, what re the tax accounting considerations of the insured?

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Don’t Let New York’s Franchise Tax Sneak Up On You

Shay CPA

When you think about taxes, you probably directly associate the money that goes out to tax authorities with the money that’s come in. Take sales tax as an example. Income tax isn’t so different: the more you earn, the bigger your tax bill. Instead, there are three different tax bases.

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