CPA Practice

JULY 24, 2023

million in taxes. According to court documents, Lohrasb “Jeff” Jafari, 72, of Alpharetta, Georgia, was the executive vice president of PRAD Group, an architectural, design, and construction management firm headquartered in Atlanta that performed services for the City of Atlanta and DeKalb County. million in taxes. Polite, Jr.

Georgia 98

Georgia Tax income tax tax return 98

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. 31, April 30, and July 31.

Tax 95

Tax Alabama tax return Georgia 95

TaxConnex

APRIL 6, 2021

Municipalities in Alaska, which has no statewide sales tax, have begun banding together to impose tax on remote online sales into their jurisdictions. Georgia lawmakers have introduced H.B. 594 , which would impose the Georgia sales tax on digital goods or services. 10 to report use tax.

West Virginia 130

West Virginia Sales Nebraska Alaska 130

Going Concern

NOVEMBER 22, 2023

INSIDE Public Accounting Top 300 firm BST & Co. See: Lawsuit says Rudy Giuliani stiffed Colonie accounting firm out of $10K published today by Times Union. Mayor Giuliani is suing Joe Biden for defamation, and I get asked about a potential tax issue. ” Hopefully that is a different accountant.

New York 102

New York Georgia Legal Florida 102

ThomsonReuters

JUNE 15, 2022

In the middle of a busy legislative season, several states have made important changes in their tax code that practitioners across the nation will want to be aware of in order to service clients who may have multistate needs. Tax Relief Enacted in Delaware, Florida, Georgia, and New Mexico. Florida Sales Tax Holiday.

Rhode Island 105

Rhode Island Delaware Oklahoma Tax 105

Going Concern

AUGUST 5, 2022

note: are you obsessed with accounting news? If the world had no accountants [ The Indicator from Planet Money ] As the unsung heroes of the financial world, CPAs (Certified Public Accountants) are responsible for a wide range of important tasks, from balancing the books to investigating fraud. Yeah, us too. million (Sh4.8

Account 97

Account accountant accounted audit 97

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. Self-assessment tax. Buying property.

Tax 52

Tax Georgia income tax tax return 52

Going Concern

MAY 19, 2022

One Georgia accountant is gonna give it a shot anyway. We’re talking about the case today not because we care what is happening with these people but rather because the couple’s accountant is in trouble as well and said accountant’s lawyer has offered an interesting defense for why he got tied up in this mess.

CPA 97

CPA Tax Georgia accounting and finance 97

ThomsonReuters

JULY 10, 2023

Use tax only applies to out-of-state purchases where no sales tax was collected and, as noted earlier, the consumer is typically responsible for remitting use tax per calendar year. People can use tax return due dates to pay use taxes. However, many consumers do not pay the tax.

Tax 97

Tax Sales Arizona Georgia 97

CPA Practice

APRIL 24, 2023

The IRS considers partnerships and multi-member LLCs “disregarded entities,” which means members/owners report their share of company profits and losses on their personal tax returns. C Corporations A C Corporation is a separate legal entity from its owners and files separate tax returns.

Legal 98

Legal income tax tax return Mississippi 98

ThomsonReuters

DECEMBER 7, 2022

Navigating the complexities begins with having a solid grasp of the basics, like the fundamentals of fiduciary tax. What is fiduciary tax? In simplest terms, fiduciary income tax is the income taxation of a person ‘ s estate or trust assets. Savings accounts. Who files a fiduciary tax return?

Tax 59

Tax North Carolina income tax tax return 59

Going Concern

OCTOBER 27, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. They also expressed doubt IRS would deliver on its promise to not increase audits on those making less than $400,000 per year, promising to hold IRS Commissioner Danny Werfel accountable. “My

CPA 86

CPA auditor accounting and finance audit 86

CPA Practice

APRIL 10, 2023

States typically take one of five different approaches to taxing accommodations: A single, statewide tax on accommodations but no additional local taxes (e.g., Connecticut, Maine, New Hampshire) A combined state/local sales tax on accommodations and local jurisdictions can impose an additional local accommodations tax (e.g.,

Tax 85

Tax West Virginia Wisconsin Virginia 85

Menzies

NOVEMBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. Understanding the differences between the available allowances is crucial for enhancing tax savings and bolstering cash flow, particularly in the early stages of a tech enterprise, where capital investments may be significant.

Technology 59

Technology Tax chartered accountant Maine 59

CPA Practice

APRIL 19, 2024

By 2027, marketplaces may account for 59% of ecommerce globally. Remit sales tax to the proper tax authority Once sales tax has been collected as required, it must be remitted on time with a sales tax return to the proper tax authority. That’s the case in Georgia and Tennessee. By Gail Cole.

Tax 59

Tax Wyoming Alaska Louisiana 59

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.

Tax 86

Tax auditor audit tax return 86

LyfeAccounting

JULY 3, 2021

When people give you money or they give you grants, they can write them off as a charitable donation on their tax return. For example, in Georgia, your nonprofit must include at least 3 directors not related to each other. So in Georgia, you need 3 people, and in California, you need 6 people.

Tax 52

Tax Georgia Start-ups Legal 52

LyfeAccounting

DECEMBER 1, 2020

C-corps are taxed once at the company level, and distributions of profits (aka dividends) to shareholders are taxed again on shareholders’ personal tax returns. Here is what this process looks like for Georgia. After you have your EIN, you’ll then be able to open a business bank account. Make sense?

bookkeeping 52

bookkeeping accounting and finance Georgia Tax 52

LyfeAccounting

DECEMBER 28, 2020

And while I can’t tell you if those stories are true or not, or whether or not they’re committing fraud or not… I can tell you for a FACT that there are incentives BAKED into the tax law that allows businesses and individuals to save on their taxes. The “What” and “Why” of Business Tax Credits. But WHY does this exist?

business tax 52

business tax Tax tax return Government 52

inDinero Tax Tips

APRIL 11, 2023

The Delaware franchise tax A franchise tax is a state charge on corporations to conduct business in their state. Other states that have a franchise tax include Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma.

Delaware 52

Delaware Nevada Tax Sales 52

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. facilitator who made sure the money moved from the victims in the U.S. to the scammers in Nigeria.

Tax 42

Tax Louisiana Legal Colorado 42

inDinero Tax Tips

APRIL 20, 2021

Partnership entities such as limited partnerships, limited liability corporations, and general partnerships are not required to file an annual report in Delaware, but they do pay a $300 tax annually. The Delaware franchise tax. A franchise tax is a charge by states on corporations to conduct business in their state.

Delaware 64

Delaware Wyoming Nevada Oregon 64