Cherry Bekaert

SEPTEMBER 21, 2023

Colorado The Colorado Department of Revenue (DOR) recently created an informational section on its website specifically for the state’s pass-through entity (PTE) Tax election. These can be filed online through a taxpayer’s Revenue Online account beginning September 1, 2023, and until June 30, 2024.

Minnesota 101

Minnesota Nebraska Oregon Mississippi 101

TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries.

Sales 192

Sales Tax Colorado Massachusetts 192

MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

North Carolina 147

North Carolina Oklahoma Ohio Tax 147

MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

North Carolina 130

North Carolina Oklahoma Ohio Tax 130

ThomsonReuters

APRIL 25, 2024

Navigating state taxes on retirement income is a critical aspect of financial planning for retirees. While federal tax rules apply uniformly across the country, state tax rules can vary widely. Jump to: • State tax on retirement income • Which states do not tax retirement income?

South Dakota 52

South Dakota Rhode Island New Hampshire Wyoming 52

CPA Practice

MAY 20, 2024

Treasury Department for tax breaks aimed at promoting production of cleaner jet fuel—made from ethanol and biofuels made from soybean oil—could provide a substantial opportunity for farmers and renewable fuel producers, according to industry leaders. A new 45Z-GREET will be developed for use with the 45Z tax credit. carbon emissions.

Iowa 52

Iowa Agriculture Tax Nebraska 52

Going Concern

APRIL 19, 2024

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. The Big Four accounting firm is considering adding about 85 U.S.

cpas 86

cpas accounting firms Account accountant 86

CPA Practice

MAY 1, 2023

(TNS) If your small business doesn’t offer a retirement account to your employees, now may be a good time to change that. More small businesses across the country are taking advantage of new tax credits to offer 401(k) programs , according to a report from the Wall Street Journal.

Oregon 134

Oregon Nebraska Colorado Illinois 134

CPA Practice

JULY 18, 2023

If you’re part of that rising tide, you need to know how to tax shipping and delivery charges. Charges for a company to deliver goods in its own vehicle are often taxed differently than charges for delivery by common carrier or private carrier. or “Is there sales tax on U.S. What follows are general guidelines, not tax advice.

Sales 98

Sales Retail Tax West Virginia 98

Anders CPA

MAY 15, 2023

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

LyfeAccounting

JULY 14, 2021

Your physical address might result in you paying significantly more in property taxes than someone else. And as millions of Americans rush from one state to another, one thing you just have to keep in mind is property taxes. That’s why in this post, we’re going to uncover the states with the worst property taxes in the country.

Rhode Island 52

Rhode Island New Hampshire Vermont Wisconsin 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. It’s common for companies to choose an effective date of January 1 to simplify selecting a calendar year for taxes and relieve businesses of paying state franchise taxes for the prior year.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

ThomsonReuters

FEBRUARY 26, 2024

There are many paths to accountancy, but this is one we don’t hear of often:  Erin Heath   grew up on a cattle ranch in South Dakota, where many of her “ranch-hand” duties sparked her interest in numbers. But it was an introduction to accounting class in high school that paved the way. “It It was love at first sight,” she recalls. “I

CPA 98

CPA South Dakota Nebraska Tax 98

CPA Practice

JUNE 1, 2023

AICPA & CIMA Now Offers New Learning Tools for Accounting Professionals The AICPA & CIMA recently announced the offering of anew online learning platform to help accounting and finance professionals improve and update their skills to take advantage of a digital accelerating business environment.

institute of chartered accountants 111

institute of chartered accountants chartered accountant North Dakota Wisconsin 111

Going Concern

MARCH 1, 2024

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. This is an accounting trick.

audit 102

audit Nebraska auditor chartered accountant 102

MyIRSRelief

JULY 3, 2023

Contact us for professional tax help today! During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. What Skills Should I Look for in a Tax Professional for ERC Audit Representation? Understanding ERC IRS Audits 1.1

audit 130

audit North Carolina Oklahoma Ohio 130

CPA Practice

MAY 18, 2023

Victoria Saravia Bazoberry (New York), a graduate of the University of Notre Dame with a Bachelor of Business Administration in accountancy, is employed with KPMG LLP in New York, NY. Sells, one of the first CPAs in the U.S., was active in the establishment of the AICPA and played a key role in advancing education within the profession.

CPA 128

CPA institute of chartered accountants chartered accountant North Dakota 128

CPA Practice

JUNE 6, 2023

31, 2022, went shopping recently and bought itself one of the 100 largest accounting firms in the U.S. While private equity firms getting into bed with accounting firms has been all the rage lately , the Creative Planning/BerganKDV deal is believed to be the first involving a wealth management firm purchasing a large CPA firm.

South Dakota 52

South Dakota cpa firm Nebraska Iowa 52

CPA Practice

JUNE 6, 2023

31, 2022, went shopping recently and bought itself one of the 100 largest accounting firms in the U.S. While private equity firms getting into bed with accounting firms has been all the rage lately , the Creative Planning/BerganKDV deal is believed to be the first involving a wealth management firm purchasing a large CPA firm.

South Dakota 52

South Dakota Minnesota cpa firm Nebraska 52

ThomsonReuters

FEBRUARY 10, 2022

Department of Labor explains that unemployment insurance is a federal-state program financed through federal and state employer payroll taxes. Federal Unemployment Tax Act (FUTA) taxes are paid and reported by employers. Generally, most employers receive a FUTA credit and only pay a net tax rate of 0.6% Virgin Islands.

South Dakota 52

South Dakota Wisconsin North Carolina Nebraska 52

ThomsonReuters

JANUARY 30, 2023

Table of contents: Minimum wage Paid leave Tax credits Unemployment Earned wage access Pay transparency Tipped workers Worker classification State-run retirement plans Work scheduling 1. Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees. New Hampshire.

payroll 105

payroll Hawaii West Virginia Oklahoma 105

CPA Practice

JANUARY 12, 2024

But one of the one of the major things I think that needs to be said about it is that the major the major AI initiative that TR is chasing is the is incorporating sure preps document and information ingesting process on the front end of a tax return. That’s the CEO about the allocation of AI to tax and accounting.

Technology 40

Technology Account accountant accounted 40

ThomsonReuters

FEBRUARY 7, 2022

The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. The program would be funded through private donations, funds transferred from the Nebraska Health Care Cash Fund, and contributions by covered employers at a rate of 1% of gross wages paid. 2022, H447 ). . Proposed legislation ( L.

Missouri 98

Missouri Rhode Island Nebraska Mississippi 98

LyfeAccounting

JUNE 9, 2021

And depending on the state, you may also have to pay state franchise taxes. When you do file your LLC, there are some states like New York and Nebraska that require new LLCs to publish a notice of their formation in a newspaper. Like applying for your EIN, setting up your bank account, or even being your registered agent.

Rhode Island 52

Rhode Island Nebraska Iowa Nevada 52

ThomsonReuters

JUNE 11, 2024

Employers and payroll professionals face a complex web of challenges while managing remote and hybrid work arrangements, particularly concerning state income tax withholding and compliance with varying state labor laws. Wylam added that these additional tax jurisdiction concerns can also occur at the local level.

accounting firms 59

accounting firms Account accountant accounted 59

ThomsonReuters

JANUARY 24, 2022

The question arises whether a worker who refuses an employer’s vaccine mandate is eligible to collect unemployment benefits, and if so, are employer unemployment accounts impacted by those claims. Meanwhile, employers across the nation, who are not prohibited by a state law, may impose their own vaccination policy. California.

Rhode Island 119

Rhode Island West Virginia South Dakota Maryland 119

PYMNTS

NOVEMBER 29, 2019

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair. The hard part?

South Dakota 53

South Dakota Tax Nebraska audit 53

ThomsonReuters

OCTOBER 20, 2020

Many companies are discovering that this massive shift in work behavior may also have unforeseen tax implications. While businesses may focus on the potential for new income and activity tax liabilities, they should be aware that indirect tax responsibilities may be affected as well. Economic nexus vs. physical presence nexus.

South Dakota 40

South Dakota Sales Tax Rhode Island 40