Remove accounted Remove Illinois Remove payroll tax Remove tax planning
article thumbnail

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. States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days).

article thumbnail

Friday Footnotes: IRS Chief Hoping for ‘Financial Sacrifice’; PwC Spin-Off Layoff; KPMG Unites Deals and Other Deals | 10.27.23

Going Concern

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 82
article thumbnail

Top tax season client questions

ThomsonReuters

There are new tax laws and changes that could affect your business’s year-end tax planning, including the SECURE 2.0 Act, which made some major changes to employee and employer retirement plans that take effect in 2023. Tax Planning and Advisory Guide—Health Care Reform—premium tax credit expansion) The SECURE 2.0

Tax 52