CPA Practice

FEBRUARY 29, 2024

The Internal Revenue Service has given tax relief for individuals and businesses in parts of Washington state affected by wildfires that began on Aug. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. 15, 2023, and Jan.

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Washington Tax tax return income tax 98

Snyder

JUNE 9, 2022

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. What is income tax? How does income tax work? Who has to file income tax?

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income tax tax return Tax E-commerce 52

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

business tax 52

business tax Tax income tax payroll tax 52

CPA Practice

OCTOBER 13, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The IRS has announced tax relief for taxpayers impacted by the Oct. 16 tax deadline for those who requested a federal filing extension for last year’s taxes. Taxes owed for 2022 returns were due April 18, so the tax relief does not extend these payments.)

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Tax tax return Washington tax preparation 118

CPA Practice

JANUARY 2, 2024

If there is a tax package, let’s look at what could potentially be included. Republicans want to fully restore three popular business tax breaks: Research and development: Before 2022, firms could fully expense R&D costs in the year incurred. Democrats’ main focus is an expanded child tax credit.

Tax 122

Tax income tax Washington Maine 122

CPA Practice

MARCH 8, 2023

Corporate Alternative Minimum Tax is Back Congress originally introduced the corporate AMT in 1986 to prevent large companies from using tax exemptions to avoid paying income taxes, despite high earnings. The new corporate AMT applies a 15 percent tax to a company’s  adjusted financial statement income  (AFSI).

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income tax Tax financial statements corporation tax 111

CPA Practice

JUNE 30, 2023

GOPers’ decision to pay for the cost of their plan by nixing some key green-energy tax breaks in last year’s Inflation Reduction Act is a nonstarter with Congressional Democrats. Also, the package omits provisions that Democratic lawmakers are passionate about, such as expansions to the child tax credit and earned income tax credit.

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Tax income tax Washington Start-ups 122