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Michigan Gets IRS Tax Extension to June 17 Due to Storms

CPA Practice

Due to severe storms in August 2023, individuals and business taxpayers in some Michigan counties have until June 17, 2024, to file various federal individual and business tax returns and make tax payments, the the Internal Revenue Service has announced. Quarterly estimated income tax payments normally due on Sept.

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State CPA Society News & Updates – June 2023

CPA Practice

At Mazars, she specializes in accounting and auditing for transportation and logistics. Their energy and drive for the accounting profession is something we support and want to highlight at the NJCPA,” said Aiysha (AJ) Johnson, MA, IOM, CEO and executive director at the NJCPA. We could not be prouder of these two emerging leaders.

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Professional tax help Chicago: Taxpayers Facing Tax Audits, Back Taxes, and 941 Payroll Tax Problems

MyIRSRelief

Professional (EA, CPA, Lawyer) tax help can assist businesses in resolving 941 payroll tax problems by identifying the cause of the issue, gathering documentation, and communicating with the IRS on behalf of the business. They are knowledgeable in tax laws and can assist taxpayers in resolving tax-related matters.

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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

Note: The important thing is that the United States income tax rates are marginal , which just means that each tax rate applies to only one part of your income. . Income tax calculations are reflected in the business tax return. In the USA, the IRS or local tax agencies play the role of such authority.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees. A proposed bill in Michigan ( Senate Bill 40 ) would look to increase the maximum weeks that benefits may be claimed to 26 weeks. A work sharing program is being proposed in Indiana ( Senate Bill 347 ).

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Online Travel Agencies Face a Virtual World of Tax Obligations

CPA Practice

And sometimes tax requirements differ under different circumstances. In Michigan , for example, an online travel agency generally isn’t required to collect and remit applicable accommodations taxes on the net rate so long as the accommodations provider itself is registered for Michigan sales tax.

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Are Interstate Telecommuters During COVID-19 a Sales Tax Liability for Your Company?

ThomsonReuters

In response to the fluid and uncertain situation that many businesses are facing, Checkpoint Catalyst conducted a comprehensive survey of state tax agencies to find out how individual states are managing tax issues related to COVID-19 worker displacement. appeared first on Tax & Accounting Blog Posts by Thomson Reuters.