Dent Moses

FEBRUARY 24, 2022

Yesterday, Alabama House Bill 231 and Alabama Senate Bill 152 were forwarded to Governor Kay Ivey for signature. The Alabama Society of Certified Public Accountants recently sent out the following guide which addresses many frequently asked questions. Which Alabama taxpayers does this new legislation impact?

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Alabama income tax Tax tax return 52

Dent Moses

AUGUST 31, 2023

The county utilizes a mass appraisal process set forth by the Alabama Department of Revenue. Calculation: Property Taxes = (Assessed Value * Tax Rate) – Exemptions Homestead Exemption The regular homestead exemption (Type H1) is available to Alabama residents who own and occupy a single-family home as their primary residence.

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Alabama Tax income tax tax return 40

PYMNTS

NOVEMBER 3, 2020

The company – and its gold trading app – just expanded its reach in the United States with the addition of a license to operate in Alabama. The Alabama Securities Commission on Tuesday (Nov. The future is looking a bit more golden for CORO Global. App users can trade in U.S.

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Alabama South Carolina Montana Idaho 93

Dent Moses

MARCH 27, 2023

Homestead Exemption In Alabama, a homestead exemption is available for a single-family owner-occupied dwelling and the land thereto not exceeding 160 acres. Alabama classifies property using four classes with varying tax ratios applied to the assessed value. Tax ratios range from 10% to 30%. Class II property has a tax ratio of 20%.

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Alabama Tax Construction Account 52

Dent Moses

FEBRUARY 3, 2023

Click here to see copy of the bill: Alabama HB162 Please contact your Dent Moses advisor if you have questions. The post 2023 Alabama Tax Cut for Retirees with 401k and IRA Distributions appeared first on Dent Moses, LLP. For 2023, the tax savings are approximately $300 per person, increasing to $1,200 in 2026.

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Alabama Tax Account accountant 52

Accounting Today

MARCH 5, 2024

An Alabama federal district court held that the Corporate Transparency Act is unconstitutional, stating it "exceeds the Constitution's limits on Congress' power."

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Alabama tax accountant Account accountant 133

TaxConnex

MARCH 31, 2022

One quick explanation of the difference is an example from Alabama : The consumers use tax is imposed on tangible personal property brought into Alabama for storage, use, or consumption in the state when the seller did not collect seller’s use tax on the sale of the property. California state income tax return.”.

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Tax Alabama Washington California 188

Accounting Today

SEPTEMBER 14, 2023

From Alabama dinosaurs to pickleball, accountants have studied some unusual things to fulfill their education requirement.

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cpas Alabama Education Account 128

TaxConnex

SEPTEMBER 26, 2023

Examples of states with home rule are Alabama, Louisiana, Illinois, Colorado and Alaska. In Alabama, the unified tax base means localities can’t make choices on what’s taxed and exempt. For TPP, where did possession take place? This applies in states where local jurisdictions have the authority to establish their own sales tax rules.

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Sales Tax South Dakota Colorado 201

TaxConnex

DECEMBER 7, 2021

Two decades later, SSVE’s new accounting firm discussed several tax and accounting issues with McCabe, including SSVE’s failure to collect the appropriate amount of sales tax. Montgomery, Alabama: Two convenience store operators have pleaded guilty to failing to pay sales taxes. McCabe still refused to change his ways.

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Alabama tax return New York Tax 186

CPA Practice

MARCH 6, 2024

Top 200 accounting firm Jackson Thornton acquired fellow Montgomery, AL-based firm MST CPAs & Advisors, effective March 1. Michael Shaw, MST provides consulting, tax, and accounting services to small and midsized businesses and nonprofit organizations throughout Central Alabama. Founded in 2014 by Jeremiah Moreland and W.

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cpas Alabama accounting firms Tax 52

CPA Practice

JANUARY 17, 2024

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.

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North Dakota Rhode Island West Virginia South Dakota 58

CPA Practice

JANUARY 17, 2024

Top 200 accounting firm BMSS Advisors & CPAs has combined with Haddox Reid Eubank Betts, a Ridgeland, MS-based CPA and advisory firm. Haddox Reid’s Ridgeland office will establish the first BMSS location outside of Alabama. Terms of the deal weren’t disclosed. million, which would put the firm among the 100 largest in the U.S.

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cpa firm CPA Alabama cpas 59

Xero

JANUARY 9, 2024

The XPAC is made up of a diverse panel of accountants and bookkeepers who are thought leaders and pioneers in the profession, and eager to share their unique ways of thinking, case studies and past successes to inform the future. Korbyn Gallegos, Director of Accounting, Ignite Spot Korbyn has been a critical player at Ignite Spot since 2015.

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Alabama bookkeeping Technology E-commerce 77

Insightful Accountant

DECEMBER 11, 2023

Whether you're from Oklahoma or Ontario, from Alabama or Australia, from Nevada to Nigeria, from Colorado to Costa Rica, every ProAdvisor should nominate a qualified deserving ProAdvisor or nominate themselves for the 2024 Awards process.

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Oklahoma Nevada Alabama Colorado 85

Going Concern

FEBRUARY 27, 2023

The Big 4 Accounting firm announced the independent review following the tragic death of EY worker Aishwarya Venkatachalam, 27, who fell to her death from the 11th floor of the company’s Sydney office in August last year. Go forth and account. From FloQast : Six in ten (63%) U.K. From FloQast : Six in ten (63%) U.K.

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Technology Account accountant accounted 103

TaxConnex

SEPTEMBER 29, 2020

In Alabama , rising pandemic-related online shopping has been a “life saver” for the state’s municipal governments and a “financial vaccine for Alabama’s counties,” the state said. Critics say the latter failed to account for local sales taxes in the state’s complex sales tax system. The Decatur, Ala.,

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Sales Tax Alabama Texas 230

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. Alabama $1,296,399 $360,053 27.8% Alabama $1,296,399 $360,053 27.8% Connecticut $1,731,261 $855,307 49.4% Vermont $1,442,094 $651,434 45.2%

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West Virginia Rhode Island South Dakota North Dakota 126

Going Concern

JANUARY 8, 2024

The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% more on average to get their taxes done last year — and accountants aren’t thrilled about it either. This eclipses the 4.2% In Sanders v. Comm’r, 160 T.C.

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Tax Account accountant accounted 99

PYMNTS

AUGUST 3, 2020

BBVA USA is collaborating with Google to offer consumers a digital bank account through Google Pay. The Alabama-based bank holding company said the partnership is key to its strategy? insured digital account will be built on BBVA’s infrastructure and powered by Google Pay. of growing the bank throughout the U.S.

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Alabama Account accountant accounted 88

CPA Practice

OCTOBER 5, 2023

The Illinois CPA Society (ICPAS), in partnership with the Center for Accounting Transformation (the Center) and a coalition of other stakeholders, is launching a new, national survey to gain fresh insight into what’s driving the decline in individuals pursuing the certified public accountant (CPA) credential.

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CPA Rhode Island cpas Montana 119

CPA Practice

MARCH 28, 2024

In a deal expected to close in May, top 20 accounting firm EisnerAmper is merging in top 200 firm Tidwell Group, based in Birmingham, AL. The firm has six offices across Alabama, Georgia, Texas, and Ohio.

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Real Estate Alabama Georgia Ohio 52

CPA Practice

FEBRUARY 28, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to make 2022 contributions to their IRAs and health savings accounts. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 to file their 2022 return and pay any tax due.

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Tax Alabama tax return Georgia 128

Dent Moses

NOVEMBER 30, 2023

Effective in 2024, this rule enables unused college savings to shift to tax and penalty-free retirement accounts. In Alabama, that’s an annual deduction of $10,000 for married taxpayers filing a joint return. The 529 account must be at least 15 years old. Jack still had $29,000 in the 529 account upon graduating in 2023.

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Alabama Education Tax Account 52

Going Concern

JANUARY 29, 2024

Accounting Ranks First In Something Good For Once More 2. We are in the midst of a transformation, if not a revolution, whereby the role of an “accountant” is no longer confined to ledgers and balance sheets, but extends to realms previously unimagined. To No One’s Surprise Except the AICPA’s, AICPA Membership Is Falling 4.

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auditor cpa firm Account accountant 52

Going Concern

AUGUST 18, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The accounting firm said it will challenge the finding. “We This is according to a recent survey conducted by accounting firm network Moore Global. PwC Will Appeal $65.5

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Account accountant accounted accounting and finance 94

Dent Moses

JUNE 14, 2023

The Alabama Legislature recently passed HB217 which was signed into law by Governor Ivy. Key Provisions: The bill exempts Alabama state tax withholding on overtime from January 2024 through June of 2025 – extension will require a renewal by lawmakers. The bill eliminates the 5% tax on overtime pay for a fixed period of time.

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income tax Alabama Tax payroll 52

TaxConnex

MAY 10, 2022

originally issued June 4, 2020), concluding that a company providing online account access services to credit unions was providing taxable digital automated services (DAS). Here’s a review of some of the recent changes and updates. has become the second state this year to expand its sales tax exemption involving gold and silver. 41 WTD 118 ?(originally

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Sales Tax Mississippi Non-Profits 162

CPA Practice

AUGUST 4, 2023

He graduated from St John Paul the Great high school at 12, went on to college at Western Governors University and got a bachelor’s degree and master in accounting by 14. He also has the highest LSAT—the law school entrance exam—score in Alabama, Mississippi and Louisiana. It was a lot of relief,” Chilimigras said when he passed.

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CPA Mississippi Louisiana Alabama 97

CPA Practice

JULY 31, 2023

The American Institute of CPAs (AICPA) has formed an advisory group representing a broad spectrum of the accounting profession that will help shape a national strategy to address the profession’s talent shortage, including accounting students who go on to obtain a CPA license.

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CPA Practice

FEBRUARY 27, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to make 2022 contributions to their IRAs and health savings accounts. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 to file their 2022 return and pay any tax due.

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Tax Alabama tax return Georgia 95

PYMNTS

MARCH 1, 2019

shareholders over the scandal involving its bank employees opening up millions of unauthorized customer accounts. The shareholders in the settlement were led by pension plans in Alabama and Colorado, with their lawyers noting that this is largest insurer-funded cash settlement in a U.S. 28) with the federal court in San Francisco.

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Account accountant accounted Alabama 59

CPA Practice

JULY 27, 2023

Five alumni of Auburn University who teamed together to create the software development company SmartWiz have been awarded $150,000 in developmental funds by Google to advance and distribute their tax accounting software.

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Tax tax preparation Alabama Technology 94

CPA Practice

NOVEMBER 16, 2023

Aprio, LLP , the fastest-growing business advisory and accounting firm in the U.S., today announced the completion of its annual Community Impact Week, the firm’s company-wide initiative dedicated to supporting its local communities.

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Non-Profits Alabama New York Education 52

PYMNTS

NOVEMBER 4, 2020

NOW Money will offer clients contactless-enabled Visa payment cards that will be connected to a NOW Money account, which can be used digitally and at payment terminals across the globe. CORO Global Brings Gold Payment App to Alabama. On Tuesday (Nov.

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Alabama accounting and finance Florida Finance 65

Dent Moses

APRIL 11, 2023

State of Alabama A business license is required for basically everyone engaged in business within the state. The Alabama Department of Revenue does not administer municipal licenses. The state and county licenses are issued by the county Probate Judge or License Commissioner in the county where the business is located.

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Alabama tax return Legal Tax 52

TaxConnex

NOVEMBER 3, 2020

In Alabama , tax licenses – including for sales tax, sellers use tax and the simplified sellers use tax – must be renewed annually as of Nov. Sales tax accounted for the largest decline, falling $918 million, or 23 percent. There’s always something changing or new going on in the world of tax, especially sales tax. billion (3.5

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Sales Tax Wisconsin Vermont 223