Dent Moses

MARCH 27, 2023

Homestead Exemption In Alabama, a homestead exemption is available for a single-family owner-occupied dwelling and the land thereto not exceeding 160 acres. Alabama classifies property using four classes with varying tax ratios applied to the assessed value. Tax ratios range from 10% to 30%.

Alabama 52

Alabama Tax Construction Account 52

Dent Moses

FEBRUARY 24, 2022

Yesterday, Alabama House Bill 231 and Alabama Senate Bill 152 were forwarded to Governor Kay Ivey for signature. This legislation, when signed, will effectively exempt from state income taxes certain federal benefits that taxpayers received from the American Rescue Plan Act last year, a coronavirus relief bill passed by Congress.

Alabama 52

Alabama income tax Tax tax return 52

Dent Moses

JUNE 21, 2023

Following this most recent 2022 filing season, many taxpayers in Alabama have reported receiving letters regarding nonpayment. Electronic payment methods, such as those available through the My Alabama Tax website, offer numerous advantages. The website provides a secure platform to post tax payments conveniently.

Alabama 52

Alabama Tax Construction Account 52

Dent Moses

FEBRUARY 3, 2023

For 2023, the tax savings are approximately $300 per person, increasing to $1,200 in 2026. Click here to see copy of the bill: Alabama HB162 Please contact your Dent Moses advisor if you have questions. The post 2023 Alabama Tax Cut for Retirees with 401k and IRA Distributions appeared first on Dent Moses, LLP.

Alabama 52

Alabama Tax Account accountant 52

CPA Practice

APRIL 22, 2024

The analysis accounts for average federal income taxes and withholdings for Social Security and Medicare, as well as state and local taxes. In Alabama, the analysis showed you will bring home just under 69% of your salary, after taxes. That means you’d need to earn $145,515 a year to bring home $100,000.

South Dakota 116

South Dakota Alabama New Hampshire Wyoming 116

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 126

West Virginia Rhode Island South Dakota North Dakota 126

TaxConnex

SEPTEMBER 29, 2020

In Alabama , rising pandemic-related online shopping has been a “life saver” for the state’s municipal governments and a “financial vaccine for Alabama’s counties,” the state said. The state’s SSUT has taken in more than $309 million overall during the current fiscal year – almost double the tax generated during all of fiscal 2018-19.

Sales 231

Sales Tax Alabama Texas 231

Dent Moses

APRIL 22, 2024

If you are still writing checks to make tax payments, there is a much better (and safer) alternative. Both the IRS and the State of Alabama have excellent platforms for making payments electronically via bank draft. A process to verify your identity requires access to a previous tax return.

Alabama 40

Alabama Tax tax return Account 40

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

TaxConnex

MAY 10, 2022

There’s always something changing in the world of tax, especially sales tax. Florida sales tax exemptions on hurricane-preparedness items may soon encompass purchases of pet food, thanks to the lobbying of a local Girl Scout troop. TaxConnex provides services to become your outsourced sales tax department.

Sales 163

Sales Tax Mississippi Non-Profits 163

TaxConnex

DECEMBER 7, 2021

Rolling the dice with sales tax compliance can backfire in a big way. Keep reading to see some recent sales tax missteps that had big costs. Tax air-or. million penalty for failing to pay sales tax on air-inflation services, as well as for tax avoidance schemes by underreporting sales and paying workers off the books.

Alabama 188

Alabama tax return New York Tax 188

TaxConnex

NOVEMBER 3, 2020

There’s always something changing or new going on in the world of tax, especially sales tax. In Alabama , tax licenses – including for sales tax, sellers use tax and the simplified sellers use tax – must be renewed annually as of Nov. New York City tax revenues in March and April fell $1.15

Sales 224

Sales Tax Wisconsin Vermont 224

TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries.

Sales 193

Sales Tax Colorado Massachusetts 193

TaxConnex

FEBRUARY 10, 2022

In a little more than three years since the Supreme Court’s Wayfair decision , multi-state sales tax has gone from a simple obligation for some companies that were based solely in one state to a nightmare of complying with 50 different states’ sales tax rules. Also with some states, you must specify the tax you’re registering for (e.g.,

Sales 200

Sales Tax E-commerce Alaska 200

Going Concern

JANUARY 8, 2024

The headline is a bit disappointing however the article is not: Tax prep fees are rising because accounting is not a ‘cool’ career American taxpayers had to pay at least 20% more on average to get their taxes done last year — and accountants aren’t thrilled about it either. increase from $167 two years ago.

Tax 92

Tax Account accountant accounted 92

CPA Practice

FEBRUARY 28, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 various tax filing and payment deadlines, including those for most calendar-year 2022 individual and business returns.

Tax 128

Tax Alabama tax return Georgia 128

CPA Practice

JULY 27, 2023

Five alumni of Auburn University who teamed together to create the software development company SmartWiz have been awarded $150,000 in developmental funds by Google to advance and distribute their tax accounting software.

Tax 94

Tax tax preparation Alabama Technology 94

CPA Practice

FEBRUARY 27, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 various tax filing and payment deadlines, including those for most calendar-year 2022 individual and business returns.

Tax 95

Tax Alabama tax return Georgia 95

Accounting Today

MARCH 5, 2024

An Alabama federal district court held that the Corporate Transparency Act is unconstitutional, stating it "exceeds the Constitution's limits on Congress' power."

Alabama 134

Alabama tax accountant Account accountant 134

CPA Practice

MARCH 6, 2024

Top 200 accounting firm Jackson Thornton acquired fellow Montgomery, AL-based firm MST CPAs & Advisors, effective March 1. Michael Shaw, MST provides consulting, tax, and accounting services to small and midsized businesses and nonprofit organizations throughout Central Alabama.

cpas 52

cpas Alabama accounting firms Tax 52

TaxConnex

MAY 11, 2021

Both the process of reporting sales tax and the level of sales tax detail required varies from state to state. Some reporting requirements that should be considered in your sales tax compliance process are: 1. In most cases, the greater the amount of tax you are collecting and remitting, the more frequent you will need to file.

Sales 131

Sales Tax Colorado tax return 131

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is indirect tax? Types of indirect tax The value of indirect tax to tax professionals Differences between direct and indirect tax Tax planning and management is one of the primary areas accountants help their clients. Taxes are either direct tax or indirect tax.

Tax 52

Tax income tax Manufacturing corporation tax 52

Going Concern

FEBRUARY 27, 2023

The Big 4 Accounting firm announced the independent review following the tragic death of EY worker Aishwarya Venkatachalam, 27, who fell to her death from the 11th floor of the company’s Sydney office in August last year. From FloQast : Six in ten (63%) U.K. From FloQast : Six in ten (63%) U.K.

Technology 101

Technology Account accountant accounted 101

Dent Moses

JUNE 14, 2023

The Alabama Legislature recently passed HB217 which was signed into law by Governor Ivy. The bill eliminates the 5% tax on overtime pay for a fixed period of time. Key Provisions: The bill exempts Alabama state tax withholding on overtime from January 2024 through June of 2025 – extension will require a renewal by lawmakers.

income tax 52

income tax Alabama Tax payroll 52

CPA Practice

APRIL 19, 2024

By 2027, marketplaces may account for 59% of ecommerce globally. But running a marketplace also brings unique tax and compliance challenges. Our 2024 Avalara Tax Changes report explores new and changing requirements for marketplace facilitators and sellers across a variety of industries. Who wouldn’t want a piece of that pie?

Tax 59

Tax Wyoming Alaska Louisiana 59

Going Concern

MARCH 10, 2023

And I oop– It’s true (Part II, Item 8 “Report of Independent Registered Public Accounting Firm”). deficit grows to $262 billion in February as tax refunds surge [ Reuters ] The U.S. He has pledged not to raise taxes on anyone earning less than $400,000 annually. KPMG has served as SVB auditor since 1994.

Tax 106

Tax auditor audit accounting and finance 106

CPA Practice

MARCH 28, 2024

In a deal expected to close in May, top 20 accounting firm EisnerAmper is merging in top 200 firm Tidwell Group, based in Birmingham, AL. Founded in 1997, Tidwell is a tax, assurance and advisory, and real estate consulting firm with 40 partners and a staff of more than 200 professionals.

Real Estate 52

Real Estate Alabama Georgia Ohio 52

Xero

JANUARY 9, 2024

The XPAC is made up of a diverse panel of accountants and bookkeepers who are thought leaders and pioneers in the profession, and eager to share their unique ways of thinking, case studies and past successes to inform the future. Korbyn Gallegos, Director of Accounting, Ignite Spot Korbyn has been a critical player at Ignite Spot since 2015.

Alabama 77

Alabama bookkeeping Technology E-commerce 77

CPA Practice

OCTOBER 18, 2023

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

business tax 59

business tax Tax Alaska South Dakota 59

Dent Moses

NOVEMBER 30, 2023

Effective in 2024, this rule enables unused college savings to shift to tax and penalty-free retirement accounts. Many only funded a 529 plan for the amount they felt would be used and invested additional funds elsewhere, possibly losing any available state tax deduction. The 529 account must be at least 15 years old.

Alabama 52

Alabama Education Tax Account 52

Dent Moses

FEBRUARY 15, 2023

Federal and Alabama taxes are collected on a pay-as-you-go system, either through withholding or estimated taxes. If your income is mainly from wages and you always have a substantial balance due at tax time, increase withholding and pass on making estimates. Do You Need to Pay Estimates? How do you get there?

Tax 52

Tax Alabama Maine Construction 52

Anders CPA

MAY 15, 2023

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

LyfeAccounting

JULY 22, 2021

if you love paying property taxes then this is not the post for you. Because today, we’re going to uncover the best states to live in to save on property taxes. We recently published a post with a list of the worst property taxes by states. And was it ugly that some states had property taxes as high as 2.5%

South Carolina 52

South Carolina Hawaii West Virginia Delaware 52

CPA Practice

DECEMBER 19, 2023

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. It’s common for companies to choose an effective date of January 1 to simplify selecting a calendar year for taxes and relieve businesses of paying state franchise taxes for the prior year.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

LyfeAccounting

JULY 22, 2021

if you love paying property taxes then this is not the post for you. Because today, we’re going to uncover the best states to live in to save on property taxes. We recently published a post with a list of the worst property taxes by states. And was it ugly that some states had property taxes as high as 2.5%

South Carolina 52

South Carolina Hawaii West Virginia Delaware 52

ThomsonReuters

JULY 7, 2021

Federal Employment Taxes. The United States first imposed a federal income tax briefly during the American Civil War and also in the 1890s. Constitution in 1913 that permanently legalized a federal income tax. Next, in 1939, the Federal Unemployment Tax Act (FUTA) was passed, which resulted in an employer tax (typically, 0.6%

payroll 59

payroll Tax income tax payroll tax 59

CPA Practice

JULY 18, 2023

If you’re part of that rising tide, you need to know how to tax shipping and delivery charges. Charges for a company to deliver goods in its own vehicle are often taxed differently than charges for delivery by common carrier or private carrier. or “Is there sales tax on U.S. What follows are general guidelines, not tax advice.

Sales 98

Sales Retail Tax West Virginia 98