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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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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. Vermont $1,442,094 $651,434 45.2% North Carolina $1,381,529 $450,446 32.6% North Dakota $1,523,518 $422,314 27.7%

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The accountant’s guide to state taxes on retirement income

ThomsonReuters

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

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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. Loved by entrepreneurs, accountants, and lawyers, CorpNet offers transparent pricing, a simple ordering process, and quickly scalable software and API solutions.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

These states include: Arizona ( House Bill 2130 ) Hawaii ( Senate Bill 360 and House Bill 490 ) Indiana ( House Bill 1243 ) Iowa ( Senate Bill 95 ) Minnesota ( Senate Bill 2 ) Mississippi ( Senate Bill 2286 ) Nebraska ( LB 57 ) North Dakota ( House Bill 1460 ) Oklahoma has two measures.

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Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

Once registered, employers will receive an employment withholding account number so state taxes can be withheld and remitted properly. If you have employees working in states that have state withholding tax, then the business will need to be registered with that state’s Department of Revenue “To Do Business.”

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How Small Retailers Can Handle Sales Tax on Shipping: State-by-State Guide

CPA Practice

North Dakota : Freight, delivery, and other transportation charges, including shipping and handling, are considered part of the sale price in North Dakota. Vermont : If an item is subject to Vermont sales tax, sales tax applies to delivery and freight charges for delivery of the item.

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