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Local Man Offers Terrible Advice to Desperate New Mexico Taxpayers

Going Concern

The AICPA noticed a concerning gap in accounting graduates and CPA exam candidates as early as 2014 , and we’ve known for a few years now that accounting enrollments were dropping off from a peak in 2015-16. The post Local Man Offers Terrible Advice to Desperate New Mexico Taxpayers appeared first on Going Concern.

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Sales tax and accounting services

TaxConnex

Tax preparers are generally accredited individuals – certified public accountant (CPA) and enrolled agent (EA) are two common preparer designations – who have completed previous and ongoing education to understand compliance for varied tax purposes. Accounting services are often, but not always, exempt.

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Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

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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Answers to Retail Business Questions About Sales Taxes

CPA Practice

For example, if you ship a rolling pin to 333 Apple Lane, Pie Town, New Mexico, 87827, and if you’re registered for New Mexico sales tax, you’d have to charge the sales tax rate in effect at 333 Apple Lane, Pie Town, New Mexico, 87827. Fun fact, New Mexico sales tax is actually a gross receipts tax.)

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How the 50 States Rank By Lifetime Taxes

CPA Practice

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. New York $1,658,872 $748,199 45.1% New Hampshire $1,674,402 $722,610 43.2% New Mexico $1,224,927 $379,638 31.0%

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Whitley Penn Acquires Texas CPA Firm Fisher, Herbst & Kemble

CPA Practice

1, the team from San Antonio-based accounting firm Fisher, Herbst & Kemble P.C. Whitley Penn currently has eight offices in Texas and one in New Mexico. will officially join top 40 firm Whitley Penn.

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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. Your clients may want to delay the incorporation process until the new year for several good reasons.