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Indiana Accounting and Tax Professional Societies Collaborate on Pipeline and Workforce Challenges

CPA Practice

Accounting profession leaders from across the country attended Vision 2027 on May 10, 2024, in Indianapolis to collaborate on developing the CPA pipeline and workforce. State CPA Societies and Indiana business owners. State CPA Societies and Indiana business owners. It’s a simple math problem. ALPFA, INCPAS, NABA Inc.,

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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. Social Security Tax : Employers and employees each contribute 6.2%

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Getting digital with sales tax in 2023

TaxConnex

At least three states opened this year with proposals to revamp taxes concerning digital advertising and data. Massachusetts legislators seem to be leading the way, with multiple draft bills that would adopt a digital advertising services tax on commercial data collection or the sale of personal information. The bills are in committee.

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Sales Tax Updates for Technology Companies

TaxConnex

Sales tax obligations regarding software and other technology-related solutions can often come down to location and definition. Four states recently took a closer look at how sales tax applies to technology-related solutions, one of the more confusing industries for complying with sales and use tax requirements.

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Webinar: Tax Firm Innovation: Assessing and Enhancing Your Current Processes

CPA Practice

This webinar will be held on Tuesday, July 9, 2024 at 1:00pm ET Sponsor: SafeSend Duration: 1 Hour Register Now With so many new features, automation technologies and firm modernizations coming out in 2024, Tax & Accounting professionals have a lot to keep up with. Gail is a member of the AICPA’s PFS Credential Committee.

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How the 50 States Rank By Lifetime Taxes

CPA Practice

Earlier this week WalletHub released a study that shows which states’ residents have the highest and lowest tax burden , measured as the proportion of total personal income that residents pay toward state and local taxes. The study looks at how much tax the average person is estimated to pay in each state throughout their lifetime.

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Charging sales tax based on an IP address

TaxConnex

Many tech companies consider themselves service providers, exempt from sales and use tax. In these cases, IP addresses have been used for sales tax in certain situations because it can be mapped to a physical address. Will all social media networks now be required to obtain full addresses of their account holders?”

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