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Sales Tax Updates: What’s new in sales tax for April?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. A bill that would raise the online sales tax in Alabama is progressing with state lawmakers. The current Alabama sales tax is 8% for online purchases, the same as for purchases at the state’s brick-and-mortar stores. Leveling the field.

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State Tax Break for New Jersey Cannabis Companies

Withum

On May 8, 2023, Governor Phil Murphy signed into law A3946 , which effectively decoupled New Jersey from Federal Internal Revenue Code (“IRC”) section 280E. The bill, which has been making its way through the New Jersey legislature since May 12, 2022, states, “For cannabis licensees, New Jersey gross income under subsections b.

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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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Shutting Down a Tech Company – Some Tax/Accounting Tips

Shay CPA

Before you shut down your tech company, you need to take some final tax steps. . We’ve seen founders left holding the bag in resolving tax issues, even years after they thought they had closed their companies. Close your accounts. Sales tax accounts. State franchise and income tax accounts.

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PKF O’Connor Davies Picks Up a Boutique Firm in New Jersey

CPA Practice

Top 30 accounting firm PKF O’Connor Davies acquired Little Falls, NJ-based SuárezBaldomero, a boutique CPA firm with a growing international clientele, on Jan. Kevin Keane “With over a decade of experience working with inbound companies on various tax-related matters, SuárezBaldomero, P.A. Financial terms of the deal weren’t disclosed.

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NJCPA Names Joe Breen a 2022 Emerging Leaders Ovation Award Winner

Withum

The New Jersey Society of Certified Public Accountants (NJCPA) has named Joe Breen a 2022 Ovation Award winner in the Emerging Leaders category. Joe is a Senior Tax Accountant working in both the Construction Industry Team and Private Client Services , specifically with High Net-Worth Individuals.

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Prager Metis Merges in Goldsmith Molis & Gray

CPA Practice

Top 60 accounting firm Prager Metis has expanded its presence in North Carolina by combining with Asheville-based Goldsmith Molis & Gray, a full-service tax, accounting, payroll, and consulting firm. New York-based Prager Metis has one other North Carolina office location in Charlotte. 1, weren’t disclosed.