Withum

AUGUST 3, 2023

On July 3, 2023, New Jersey enacted comprehensive tax legislation (A5323) that will likely impact every business in one shape or another. For background, in 2019, New Jersey implemented Corporate Business Tax (CBT) reform, which adopted market-based sourcing for the receipt of services.

New Jersey 52

New Jersey income tax Tax payroll 52

CPA Practice

JANUARY 11, 2024

Top 400 accounting firm Baratz & Associates, based in Marlton, NJ, went shopping in nearby Cherry Hill and bought CPA firm Renzi Bernardi Suarez & Co. Raymond Giunta “We are pleased to continue our growth plan and add Phil, Ed, and their team to our New Jersey base,” Managing Partner Raymond Giunta said in a statement.

New Jersey 65

New Jersey cpa firm CPA forensic accounting 65

CTP

FEBRUARY 29, 2024

Complex tax laws for filing and deducting gambling winnings and losses provide new hurdles for taxpayers. 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.

Gambling 105

Gambling Tax Account accountant 105

CPA Practice

APRIL 5, 2024

Earlier this week WalletHub released a study that shows which states’ residents have the highest and lowest tax burden , measured as the proportion of total personal income that residents pay toward state and local taxes. The study looks at how much tax the average person is estimated to pay in each state throughout their lifetime.

West Virginia 127

West Virginia Rhode Island South Dakota North Dakota 127

CPA Practice

JUNE 6, 2023

The New Jersey Society of Certified Public Accountants (NJCPA) will host its 2023 Convention & Expo, themed “Breaking Through,” at the Borgata in Atlantic City June 13-16. Jeffrey Kaszerman, NJCPA vice president of government relations, will host the panel, featuring Roosevelt D.

New Jersey 52

New Jersey CPA cpas Washington 52

CPA Practice

JANUARY 10, 2024

With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers. With over a decade specializing in gambling taxes, this Las Vegas CPA has worked with everyone from professional poker players to casual sports bettors.

Gambling 80

Gambling Tax Account accountant 80

TaxConnex

APRIL 19, 2022

Sales tax has a universe of changing conditions. What are the sales tax ramifications? has possibly the most complex sales tax regime. Each state sets its own sales tax rules, often with widely varying approaches. Each state sets its own sales tax rules, often with widely varying approaches. Enter taxes.

Sales 185

Sales Tax Colorado New Jersey 185

CPA Practice

FEBRUARY 14, 2024

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.

New Jersey 52

New Jersey forensic accounting cpa firm audit 52

TaxConnex

MARCH 9, 2023

At least three states opened this year with proposals to revamp taxes concerning digital advertising and data. Massachusetts legislators seem to be leading the way, with multiple draft bills that would adopt a digital advertising services tax on commercial data collection or the sale of personal information. The bills are in committee.

Sales 147

Sales Tax Indiana Massachusetts 147

TaxConnex

MAY 4, 2023

Many tech companies consider themselves service providers, exempt from sales and use tax. In these cases, IP addresses have been used for sales tax in certain situations because it can be mapped to a physical address. Will all social media networks now be required to obtain full addresses of their account holders?”

Sales 130

Sales Tax Maryland Oregon 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

Going Concern

MAY 20, 2024

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. Illinois CPA Society has issued a new pipeline report: Re-Decoding the Decline. Michael Shaub of Texas A&M University talks about the PCAOB’s new standards in Bloomberg Tax.

audit 100

audit auditor Account accountant 100

Shay CPA

MAY 1, 2024

If you start selling your product or service across state lines, you might need to register with that state and pay sales tax there, for example. In other words, having an employee perform services for your company from their home in that state might be enough to subject you to that state’s tax laws. Usually, the answer is yes.

Tax 52

Tax income tax New Jersey Education 52

TaxConnex

MARCH 2, 2021

There’s always something changing in the world of tax, especially sales tax. The Sunshine State previously bet a lot on tourism revenue making up for not taxing internet sales – but the pandemic has wrecked that industry. Estimates reportedly said the tax will generate up to $250 million but opponents promise legal challenges.

Sales 229

Sales Tax Missouri Wisconsin 229

CPA Practice

JULY 20, 2023

By Laura Weiss, CQ-Roll Call (TNS) House Republicans opposed to limits on deductions for state and local taxes are making their first stand in a move that could test their newfound power in the GOP conference. Several say no tax bill can get their support unless it allows more state and local tax deductions. New York Rep.

Tax 98

Tax New Jersey Missouri New York 98

TaxConnex

DECEMBER 23, 2021

If you and your company haven’t been hit with a sales tax audit yet, congrats. In TaxConnex’s recent market survey more than one in four (26.7%) top finance professionals in a variety of industries report seeing an increase in state sales tax audits in the past two years. Sales Tax Audit Triggers.

audit 167

audit Sales Tax auditor 167

TaxConnex

JANUARY 26, 2023

There’s always something changing in the world of tax, especially sales tax. Gary Bingel, partner-in-charge for state and local taxes in accounting firm EisnerAmper’s State and Local Tax National Tax Group, made several predictions for 2023 in sales and other taxes. Crystal ball time. Oneida, N.Y.,

Sales 130

Sales Tax Arkansas Missouri 130

CPA Practice

FEBRUARY 19, 2024

(TNS) This tax season, more entrepreneurs are looking to cash in on their work-from-home habit. Now, after investing in at-home monitors, standing desks, and Zoom-background-worthy bookshelves, they are discovering there’s a tax break for that—and giving their accountants a call. It’s not overly complex,” says Martin.

Tax 116

Tax Real Estate New Jersey CPA 116

CTP

MAY 8, 2024

The Tax Cuts and Jobs Acts (TCJA) of 2018 stirred up mixed responses by introducing a $10,000 cap on state and local tax (SALT) deductions for individual taxpayers. As of today, 19 states have enacted pass-through entity taxes. Prior to TCJA, many states did not have a PTE tax or the tax rate was much lower.

Rhode Island 52

Rhode Island Tax South Carolina Connecticut 52

Withum

MAY 30, 2024

Investigators often gather public information maintained by public bodies, such as individual real estate tax records, criminal tax histories, and civil court records. This quandary was addressed by Bridgeton, New Jersey Mayor, Albert B. Tragically, Hollander then fatally shot him and seriously injured his father.

New Jersey 52

New Jersey Real Estate Construction Tax 52

Shay CPA

DECEMBER 7, 2022

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.

tax accountant 59

tax accountant Tax tax return Account 59

Going Concern

JANUARY 23, 2023

Brazilian retailer and PwC client Americanas filed for bankruptcy, its three largest shareholders said over the weekend they had not known of $4 billion in accounting inconsistencies. “We didn’t know of and would never allow any accounting manipulation in the company”, they said in a statement. You’ve got this!

public accounting 112

public accounting Account accountant accounted 112

Katz,Sapper&Miller

DECEMBER 21, 2018

New Jersey is currently running an amnesty program that allows taxpayers an opportunity to become compliant with certain state tax liabilities and unfiled tax returns.

New Jersey 40

New Jersey tax return Tax Account 40

CPA Practice

MAY 11, 2023

In a recent study, Tipalti found which states were the best to pursue a career in finance or accounting by analyzing the number of jobs available, average salaries, and university rankings. Here’s which states ranked best for a career in finance or accounting. They also determined the best-paying jobs for finance graduates.

Account 104

Account accountant accounted accounting and finance 104

Going Concern

FEBRUARY 1, 2023

Image via CliftonLarsonAllen CLA has merged with New Jersey’s SobelCo (a firm we’ve heard only good things about) and produced the obligatory press release about the union. Shout out to Allan Koltin, the prenuptial counselor of accounting firm marriages, who helped with the deal.

New Jersey 92

New Jersey Pennsylvania New York cpa firm 92

CPA Practice

JULY 12, 2023

Inevitably, your clients with growing businesses will want to hire, so you’ll be better able to help them if you have a clear understanding of the differences between SUI (state unemployment insurance) and SIT (state income tax) and how they affect your clients’ businesses. What is SUI Tax? The federal tax rate is a flat 6%.

income tax 98

income tax Tax South Dakota Alaska 98

CPA Practice

JANUARY 11, 2024

Canopy , a maker of accounting practice management software, has launched its new podcast, “Canopy Practice Success.” The podcast features interviews with top accounting profession thought leaders and firm owners. He gives his perspective on the evolving role of AI in his creative endeavors within the accounting industry.

accounting firms 52

accounting firms North Carolina Account accountant 52

CPA Practice

DECEMBER 10, 2023

While chestnuts crackle and we gear up for the annual tax preparation season, it becomes clear that the winter holidays bring more than just festivities and time off; they also mark the beginning of the tax preparation party. Tax preparation has its spotlight, tax planning follows a rhythmic beat … and tax advisory ?

tax planning 69

tax planning Tax tax preparation bookkeeping course 69

Withum

JUNE 27, 2022

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.

New Jersey 98

New Jersey Construction Education public accounting 98

Going Concern

APRIL 22, 2024

Carmine’s post: The aftermath article goes on: Schmoozing the firm’s Japanese partners alongside Di Sibio was his successor, Janet Truncale, the EY lifer from New Jersey who, in July, takes the reins at the firm she joined as an intern in 1991. EY was not so convivial this time last spring.

auditor 93

auditor Account accountant accounted 93

Withum

MARCH 4, 2024

Scott Mariani , Partner and Practice Leader of the Healthcare Services Group Michael is a frequent industry speaker and previously served on the New Jersey Board of Directors for the Health Care Financial Management Association (HFMA), where he remains an active member of the association.

Healthcare 105

Healthcare New Jersey audit Education 105

Going Concern

JULY 1, 2022

Accountants are voted the best kissers in Britain ahead of doctors and nurses while civil servants, bankers and lawyers are rated as the worst [ Daily Mail ] Often ridiculed as boring beancounters, accountants have surprisingly been voted the best kissers – ahead of doctors, nurses and engineers. Enjoy the holiday weekend maybe?

Tax 57

Tax Account accountant accounted 57

Going Concern

OCTOBER 9, 2023

A key focus of this survey is to understand why a growing number of accounting students and young professionals in accounting and finance careers don’t finish the CPA exam or elect to never take it at all. Who says accounting doesn’t pay??

Account 67

Account accountant accounted Iowa 67

MyIRSRelief

NOVEMBER 29, 2019

One of the most important things that a business must report is certain tax information for employment payroll on a quarterly and annual basis. They are required by the IRS to report the amount of 941/940 employment payroll taxes that have been either withheld from employees or what they owe to the government. Get debt relief.

payroll 140

payroll payroll tax Tax income tax 140

Going Concern

SEPTEMBER 29, 2023

But experts say one thing that young professionals can do, including young accountants, is to be more patient. Let’s say they’re in public accounting, and they get assigned to an engagement with a manager or client they don’t particularly like,” asked Maginnis. “Or That can be a tough fight to win.

accounting careers 126

accounting careers Account accountant accounted 126

Going Concern

JULY 10, 2023

New to Crain’s top 25 is New York-based KPMG. The audit, tax and advisory services firm reported a 6.4% Other leading accounting firms such as New York-based Deloitte and Ernst & Young also reported upticks in their Chicago headcounts. increase in its Chicago workforce, with 2,863 local employees. Guess what?

Account 87

Account accountant accounted CPA 87

Going Concern

APRIL 28, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Meanwhile, the government is mulling options that include banning tax advisory firms from tendering for contracts if they do not curb this kind of misconduct.

Colorado 104

Colorado New Jersey Georgia audit 104