Remove accountant Remove New Mexico Remove tax return
article thumbnail

New Mexico weather victims get tax relief

Accounting Today

EDT 2 Min Read Facebook Twitter LinkedIn Email Individuals and businesses in New Mexico affected by severe storms, flooding and landslides that began on June 23 now have until next Feb. 2 to file various federal individual and business returns and make tax payments. All rights reserved. 15, 2025, and Jan.

article thumbnail

Growing pains at the highest-growth firms

Accounting Today

Prosperity Partner CEO Jeremy Dubow Jesse Sutton "Its always the people challenge in accounting right now," shared Jeremy Dubow, CEO of Chicago-based Prosperity Partners, the No. Our profession needs a 4% increase in accountants to be sustainable, yet were experiencing a greater than 1% decline since 2019," he explained.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 topics SMBs need accountants' advice on

Accounting Today

The financial services and retirement account provider Vanguard says it saw a record number of "hardship" withdrawals in 2022 and 2023. Traditionally, accounting firms may have offered a personal income tax return option along with a business owners C corp tax returns. All rights reserved.

article thumbnail

Taxability complexities | TaxConnex

TaxConnex

That’s a term states often consider too broad; best to keep “professional services” as a defined activity of architecture, engineering, medical, legal and accounting. Telecom , by the way, is in our opinion one of the most taxed and regulated products/services across all states.

article thumbnail

IRS Expands Free File to 24 States

CPA Practice

During the pilot last year, Direct File was available in Arizona, California, Florida, Massachusetts, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington State and Wyoming. It guides taxpayers through a series of questions to prepare their federal tax return step-by-step.

article thumbnail

Third Estimated Tax Payment Due Sept. 16, IRS Says

CPA Practice

As a general rule, taxpayers should make estimated tax payments if they expect: To owe at least $1,000 in taxes for 2024 after subtracting their withholding and tax credits. The Payments page on IRS.gov provides complete tax payment information, how and when to pay, payment options, and more.

article thumbnail

Are Your Clients Compliant with Tangible Personal Property Taxes?

CPA Practice

There are a few other differences you should know : Real estate property does not necessitate filing a tax return; an assessor estimates the value of your property and sends you a notice detailing the valuation and taxable amounts. When it’s time to pay, you’ll receive a real property tax bill in the mail.