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 to make 2022 contributions to their IRAs and health savings accounts.

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TaxConnex

JULY 12, 2022

Georgia has amended the exemption from sales and use tax on the sale or lease of computer equipment to be used by qualifying Georgia high-tech companies. The online portal for the Department of Revenue is currently used for individual income tax and business registrations and the state will provide further instructions?for

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CPA Practice

JANUARY 31, 2023

Professionals on the Move is a round-up of recent hiring and leadership announcements in and around the accounting profession. Her experience includes helping claim tax credits for clients of all sizes, from startups to Fortune 500. In his practice, he provides accounting and audit services to the construction and non-profit sectors.

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CPA Practice

SEPTEMBER 28, 2023

The convictions stem from Fisher and Sinnott’s fraudulent tax shelter scheme involving syndicated conservation easements dating back nearly two decades. District Court Chief Judge Timothy Batten for the Northern District of Georgia remanded Fisher and Sinnott into custody pending their sentencing. Attorney Ryan K. Attorney Dena J.

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North Carolina Georgia tax return Tax 110

Menzies

JULY 26, 2022

Menzies LLP - A leading chartered accountancy firm. Thinking of going freelance when you graduate, or started your own side business already, but don’t know what to do about tax? You may also need to pay additional ‘payments on account’ due by 31 st January and 31 st July annually. Making Tax Digital (MTD).

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Anders CPA

MAY 15, 2023

Below we dive into the state and unemployment tax responsibilities employers need to know. 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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ThomsonReuters

DECEMBER 7, 2022

This also extends to the income an individual receives after their death, which is subject to income tax. The income taxation of estates and trusts may not garner as much attention as other areas of tax, so helping clients better understand the tax issues related to estates and trusts is important.

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Tax North Carolina income tax tax return 59

ThomsonReuters

JULY 10, 2023

At the state level, it is not uncommon to have more than one sales tax rate. Items deemed necessities like groceries may have a lower tax rate (or even be exempt) in an effort to provide some low-income tax relief. As noted above, many states also have local sales taxes. The seller does not charge sales tax.

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inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware offers perhaps the most favorable tax treatment to businesses. Historically, in the U.S.,

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Delaware Nevada Tax Sales 52

CPA Practice

NOVEMBER 2, 2023

One of the topics the minds of many tax and accounting professionals is the environment. Diana has 30 years’ experience in bookkeeping, tax, government auditing and fraud investigations. By Diana Crawford, CPA. Legislation is playing a role in this. Department of Health and Human Services, and the U.S. Department of Labor.

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LyfeAccounting

APRIL 22, 2021

This basically means Amazon got a federal tax refund for millions of dollars. Over 91 Fortune 500 companies, including Nike, Netflix, and FedEx, don’t pay much in federal income tax, if at all. In this post, we’ll be uncovering how Amazon was able to completely write off taxes. How to Write Off Taxes Like Amazon.

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ThomsonReuters

JUNE 15, 2022

These legislative highlights have been grouped into two categories: new opportunities for tax relief and new tax obligations. Tax Relief Enacted in Delaware, Florida, Georgia, and New Mexico. The tax credit is referred to as a “relief rebate.” The tax credit is referred to as a “relief rebate.”

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Rhode Island Delaware Oklahoma Tax 105

PYMNTS

JANUARY 8, 2018

And the world learned that the Nigerian royalty that has been trying to scam them for the last several years is neither Nigerian nor a prince – just a guy from Georgia with a side hustle working for scammers. Good Tax Lending Karma. Consumers who file electronically wait, on average, three to four weeks to clear their refund.

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CPA Practice

APRIL 24, 2023

The LLC owners (called members) also report business profits and losses on their individual income taxes. For filing season 2022, the Treasury Department and the IRS updated the 1065 partnership form to simplify the computation of deductions and credits and how partners compute their federal income tax liability.

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inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. To compete for business tax income with New Jersey and New York, Delaware made incorporating within its borders easier for absentee (aka out-of-state) companies and incentivized absentee companies to do so.

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inDinero Tax Tips

DECEMBER 13, 2020

If Democrats win both Georgia Senate seats in January, and. If the US House, Senate, and president all agree to raise (cap gains) taxes in 2021, and. If that’s the case, you can deduct only $3,000 per year against your ordinary income on your Form 1040, and the remainder gets carried forward for possible use in future years.

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ThomsonReuters

FEBRUARY 1, 2021

Mundaca and Melissa Oaks , Senior Manager at Thomson Reuters , recently discussed the prospects for Biden’s tax proposals—and how corporate taxpayers can prepare—on the Tax & Tech Talks podcast. Tax Proposals. Dissecting the Fast Pace of Digital Transformation and Its Tax Implications.

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CPA Practice

MARCH 24, 2023

Buddy Carter, R-Georgia. Carter legitimately wants to “defund” the IRS, as his Fair Tax proposal would replace the income tax system with a national sales tax. That’s $1 trillion per year in taxes not being paid to Uncle Sam, at a time when yearly deficits are over $1 trillion. Defund the IRS!”

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Georgia income tax Tax Washington 128

ThomsonReuters

DECEMBER 14, 2020

On top of these final regulations, there are a lot of proposed regulations for business taxation and proposed and final regs on the individual income tax side, as well.”. Adding to the complexity and uncertainty, tax authorities have routinely issued sub-regulatory guidance such as FAQ documents, Oaks said. “On

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business tax Tax Montana New Hampshire 94

Going Concern

DECEMBER 23, 2022

We will be out of office next week but have scheduled some things to run while we’re gone for those individuals who are severely addicted to accounting shitposts and simply cannot go without. The average British worker’s pay in 2023 is expected to fall back to 2006 levels once inflation is taken into account, according to PwC.

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