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How the 50 States Rank By Lifetime Taxes

CPA Practice

Taxpayers in Washington will pay the most on everyday expenses ($83,014), followed by those in California ($78,191), accounting for food, clothing, personal care, and entertainment. Massachusetts $1,857,438 $816,700 44.0% Louisiana $1,318,458 $358,611 27.2% Massachusetts $1,857,438 $816,700 44.0%

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Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.

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The accountant’s guide to state taxes on retirement income

ThomsonReuters

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

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What happened in sales tax in 2022

TaxConnex

Nevertheless, some states looked to increase their sales tax base: Massachusetts floated the idea of following Maryland in taxing digital advertising sales. Government Accountability Office of just how well states had done since Wayfair four years before: 33 states had reported $23 billion in remote sales tax revenue in 2021.

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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. Loved by entrepreneurs, accountants, and lawyers, CorpNet offers transparent pricing, a simple ordering process, and quickly scalable software and API solutions.

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Last Labor Report Before Election Shows Drop In US Jobless Claims

PYMNTS

17 were in Massachusetts (+5,442), Kansas (+3,010), Virginia (+2,255), Texas (+616) and Minnesota (+493), while the largest decreases were in California (-16,207), New York (-11,495), Georgia (-9,274), Florida (-7,834) and Michigan (-7,774). Unemployment numbers don't take into account the people who have simply stopped looking for a job.

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Southern Illinois University Wins 21st Annual Deloitte FanTAXtic National Case Study Competition

CPA Practice

Competition results First place team: Southern Illinois University, Carbondale Second place team: University of Southern California Third place team: University of California, Los Angeles The other teams that participated were: Brigham Young University; Fairfield University; Florida International University; John Carroll University; Louisiana Tech (..)