TaxConnex

JANUARY 19, 2023

Georgia adds that examples include (but are sure not limited to) individuals who serve as officers and directors; control company financials; hire and fire; sign checks (and sales tax returns); and control the company funds and bank accounts. Personal liability can often apply whether the imposed tax was collected or not.

Wisconsin 191

Wisconsin Georgia Texas tax return 191

TaxConnex

NOVEMBER 3, 2020

Sales tax accounted for the largest decline, falling $918 million, or 23 percent. Sales tax is the largest source of state funding for the Texas budget, accounting for 60 percent of all tax collections. New York City tax revenues in March and April fell $1.15 billion (3.5 percent) from the same period in 2019. Tony Evers.

Sales 224

Sales Tax Wisconsin Vermont 224

BuildYourFirm

APRIL 28, 2020

For twenty consecutive years, Allan has been named by Accounting Today as one of the Top 100 Most Influential People in the accounting profession. Koltin was also voted one of the 10 Most Recommended Consultants for the sixteenth straight year in the “Annual Survey of Firms” conducted by INSIDE Public Accounting.

Wisconsin 168

Wisconsin cpas CPA accounting degree 168

CPA Practice

DECEMBER 20, 2023

Top 200 accounting firm Honkamp recently added one of the 20 largest CPA firms in the St. Louis, Honkamp has eight offices in Iowa and Wisconsin. Louis, Honkamp has eight offices in Iowa and Wisconsin. Honkamp added Nigl Accounting, based in Oshkosh, WI, in December 2021. Louis metro area to its team. In addition to St.

cpa firm 104

cpa firm CPA Iowa Wisconsin 104

Going Concern

JUNE 12, 2023

Funny enough Reddit is completely down this morning so I can’t confirm r/accounting is MIA. KPMG on the UK economic forecast via The Guardian : A new report by the accountancy firm KPMG has found that the economy has enjoyed a better start to the year than it had thought, and is now expected to grow by 0.3%

Account 52

Account accountant accounted audit 52

TaxConnex

DECEMBER 12, 2023

Among specific statute language of responsibilities, Georgia, to name one state, adds that examples include (but are sure not limited to) individuals who: serve as officers and directors; control company financials; hire and fire; sign checks (and sales tax returns); and control the company funds and bank accounts.

Sales 193

Sales Tax Ohio Georgia 193

ThomsonReuters

APRIL 25, 2024

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

South Dakota 52

South Dakota Rhode Island New Hampshire Wyoming 52

Going Concern

MAY 31, 2023

Coffey, CPA Consulting – Client Accounting Services (Dallas, Texas) Kevin Coonan , MBA Consulting – Healthcare Solutions (Chicago, Illinois) Matthew J. Hediger, CPA Assurance – Public Sector (Eau Clare, Wisconsin) Caroline H. Kleist, CPA Assurance – Real Estate and Construction (Madison, Wisconsin) Andrew J.

Wisconsin 52

Wisconsin Real Estate Pennsylvania Illinois 52

TaxConnex

JUNE 9, 2022

States’ sales taxes account for almost 30% of state tax revenue, but most sales taxes are imposed on narrow and still-narrowing bases, according to a new report from the Tax Foundation. accountable for not collecting an appropriate amount of sales tax on the promotional gift cards given with certain purchases. Time for a renovation?

Sales 192

Sales Tax Colorado Massachusetts 192

CPA Practice

APRIL 5, 2024

Taxpayers in Washington will pay the most on everyday expenses ($83,014), followed by those in California ($78,191), accounting for food, clothing, personal care, and entertainment. Wisconsin $1,497,577 $562,204 37.5% Wisconsin $1,497,577 $562,204 37.5% Connecticut $1,731,261 $855,307 49.4% Vermont $1,442,094 $651,434 45.2%

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

TaxConnex

JUNE 29, 2023

Government Accountability Office (GAO) reports that one business with some $40 million in gross receipts incurred a cost of almost $250,000 beyond taxes owed due to an error in software code. States like Wisconsin are already well above that. “As Can all those tax authorities really all keep up with your obligations?

Wisconsin 130

Wisconsin Pennsylvania Tax Sales 130

CTP

MAY 8, 2024

Again, the key is that the state tax is paid on the business level to avoid the SALT limits placed on individual taxpayers, so the PTE tax must be paid with the entity’s bank account, even if that means the individual advances money into the company to pay the tax.

Rhode Island 93

Rhode Island Tax South Carolina Connecticut 93

CPA Practice

DECEMBER 22, 2023

Top 200 accounting firm Honkamp recently added one of the 20 largest CPA firms in the St. Louis, Honkamp has eight offices in Iowa and Wisconsin. Louis, Honkamp has eight offices in Iowa and Wisconsin. Honkamp added Nigl Accounting, based in Oshkosh, WI, in December 2021. Louis metro area to its team. In addition to St.

cpa firm 52

cpa firm CPA Iowa Wisconsin 52

TaxConnex

AUGUST 24, 2021

If you are selling through a marketplace, the majority of states now have these laws in place, including, recently , Georgia, Florida, Hawaii, Wisconsin, Illinois, Michigan, South Carolina and North Carolina. Devil in the details. The reason being?

Sales 212

Sales South Dakota Tax South Carolina 212

TaxConnex

JUNE 22, 2023

Government Accountability Office. The birth-state of Wayfair joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds. But the latter then had to evaluate changing tax responsibilities under economic nexus thresholds and physical presence standards. As of Aug.

South Dakota 130

South Dakota North Dakota Colorado Minnesota 130

MyIRSRelief

MAY 24, 2023

When to Seek Help from a Certified Public Accountant A certified public accountant (CPA) is a licensed professional who has met certain education, experience, and examination requirements. CPAs are qualified to provide a wide range of accounting, tax, and consulting services.

North Carolina 147

North Carolina Oklahoma Ohio Tax 147

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. Loved by entrepreneurs, accountants, and lawyers, CorpNet offers transparent pricing, a simple ordering process, and quickly scalable software and API solutions.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

TaxConnex

FEBRUARY 3, 2022

The Sales Tax Institute reports that Maine, Illinois, California, Massachusetts, Wisconsin and Washington have been the most aggressive states in sending notices and audit requests since the U.S. California audits about 1% of active accounts each year, “concentrating on those most likely to be inaccurate in their tax reporting.”

audit 172

audit Sales Tax auditor 172

MyIRSRelief

MAY 24, 2023

When to Seek Help from a Certified Public Accountant A certified public accountant (CPA) is a licensed professional who has met certain education, experience, and examination requirements. CPAs are qualified to provide a wide range of accounting, tax, and consulting services.

North Carolina 130

North Carolina Oklahoma Ohio Tax 130

Going Concern

APRIL 7, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Build ChatGPT into Excel [ Journal of Accountancy ] Note that this process currently works in Microsoft Excel 365, Microsoft Excel 365 for Mac, and Excel for the web. I can imagine it.

auditor 104

auditor chartered accountant audit accounting and finance 104

Wendy Tietz

SEPTEMBER 28, 2022

Starting in late 2022 or early 2023, those gummy bears will also be made in the US when Haribo finishes construction on its new plant in Pleasant Prairie, Wisconsin. Those bears are currently made in 16 plants around the world. Worldwide, about 100 million gummy bears are made […].

Manufacturing 52

Manufacturing Wisconsin Construction managerial accounting 52

PYMNTS

AUGUST 14, 2020

Initially, the loans are available in the following states via the waitlist: Alaska, Arkansas, Connecticut, Florida, Georgia, Illinois, Massachusetts, New Hampshire, New Jersey, North Carolina, Oregon, Texas, Virginia, Nebraska, Utah, Wisconsin and Wyoming.

North Carolina 107

North Carolina New Hampshire Wyoming Nebraska 107

ThomsonReuters

SEPTEMBER 12, 2023

Therefore, it is important that accounting professionals are familiar with reciprocity states to simplify filing and reduce the tax burden for those commuting workers who can benefit from reciprocal agreements. The post State-by-state reciprocity agreements appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Indiana 98

Indiana Montana Pennsylvania income tax 98

TaxConnex

DECEMBER 23, 2021

The Sales Tax Institute reports that Maine, Illinois, California, Massachusetts, Wisconsin and Washington have been the most aggressive states in sending notices and audit requests. Industry observers look for New York, Ohio and New Jersey to soon intensify enforcement.

audit 167

audit Sales Tax auditor 167

RitaKeller

JANUARY 4, 2022

I have often suggested, for an accounting firm, to utilize some high school interns. I think it is important to introduce the world of public accounting to a younger audience. If you have elementary children, why not volunteer to talk to their class about the accounting profession?

Wisconsin 45

Wisconsin cpa firm public accounting CPA 45

TaxConnex

DECEMBER 29, 2022

Government Accountability Office of just how well states had done since Wayfair four years before: 33 states had reported $23 billion in remote sales tax revenue in 2021. Illinois and Wisconsin would follow suit by the end of the year. Especially if, again, the Government Accountability Office has anything to say about it.

Sales 130

Sales Tax Maryland Louisiana 130

PYMNTS

NOVEMBER 3, 2020

With the approval in Alabama, CORO is now available in the Apple App Store and Google Play store to residents in 13 states: Florida, Alabama, Arizona, Arkansas, Alaska, Delaware, Idaho, Montana, Massachusetts, Oregon, South Carolina, Washington State and Wisconsin. Mark Goode , CEO of CORO Global, in a press release.

Alabama 93

Alabama South Carolina Montana Idaho 93

Going Concern

SEPTEMBER 15, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Happy National Leave Your Accountant the F**k Alone Day , everyone! The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m.

audit 109

audit Colorado CPA Texas 109

CPA Practice

FEBRUARY 9, 2023

The Deloitte FanTAXtic case competition is an amazing experience for our students that allows them to build valuable relationships with other students, tax faculty and Deloitte professionals,” said Tim Hurley, clinical assistant professor at Southern Illinois University, Carbondale.

Illinois 52

Illinois Wisconsin Iowa Louisiana 52

PYMNTS

OCTOBER 29, 2020

Unemployment numbers don't take into account the people who have simply stopped looking for a job. During the week ending Oct. Unemployment has been high since the pandemic began. Since the week ending March 20, more than 55 million individuals have filed for new unemployment insurance claims.

Rhode Island 83

Rhode Island West Virginia South Carolina North Carolina 83

ThomsonReuters

FEBRUARY 10, 2022

unemployment insurance originated in Wisconsin in 1932. In benefit-ration states, an employer pays voluntary contributions to cancel benefit charges to its account, thereby reducing its benefit ratio. In the U.S., Virgin Islands. State assistance for voluntary unemployment contributions.

South Dakota 52

South Dakota Wisconsin North Carolina Nebraska 52

Nancy McClelland, LLC

JANUARY 15, 2023

As you might imagine, we get quite a few inquiries for tax preparation services, but a) we only do taxes for our small business accounting & bookkeeping clients, and b) we only work with clients in Illinois, Indiana and Wisconsin. It’s an arena rife with underrepresentation issues.).

tax preparation 52

tax preparation Tax bookkeeping Wisconsin 52

PYMNTS

APRIL 23, 2020

For many Americans, the federal government’s stimulus website has remained a source of frustration as they are unable to work due to the coronavirus pandemic and their bank accounts become depleted, according to CNBC. The website launched April 15 purporting to update people as to the status of their stimulus payments.

Wisconsin 70

Wisconsin Connecticut tax return Tax 70

CPA Practice

SEPTEMBER 6, 2023

million reasons to ensure tax laws account for sales of NFTs and other new tech, crafting tax policies for NFTs is difficult. In both Minnesota and Wisconsin , the sale or purchase of an NFT is taxable if the underlying product, good, or service is subject to sales tax. That kind of money could turn any tax official’s head.

Washington 121

Washington Pennsylvania Technology Tax 121

LyfeAccounting

JULY 14, 2021

About 5 million people live in Wisconsin, so that’s about 5 million people paying sky-high property taxes. But Wisconsin is famous for its beer so maybe whoever came up with their property tax rate was drunk at the time. People in Wisconsin pay 1.85% of their home values in property taxes. Comment below and let us know!

Rhode Island 52

Rhode Island New Hampshire Vermont Wisconsin 52

TaxConnex

JUNE 22, 2021

General Accountability Office has estimated that state and local governments could gain billions in tax revenue if states could require sales tax collection from all remote sellers. Wisconsin prepared to require out-of-state businesses to collect sales tax by the fall, soon followed by Alabama, North Carolina, Pennsylvania, and others.

South Dakota 130

South Dakota E-commerce South Carolina Missouri 130

CTP

FEBRUARY 29, 2024

So, as an accountant of a gambling client, you need to have detailed knowledge about gambling winnings and losses, as well as all the rules and regulations related to tax on gambling income. As an accountant, you must analyze your client type, their category, and how much their gambling income will be considered as taxable income.

Gambling 105

Gambling Tax Account accountant 105