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Massachusetts CPA Firm Venning Set to Become Largest Minority Owned Firm in U.S.

CPA Practice

one of the most respected accounting and tax firms in Central Massachusetts, recently announced an ownership change and rebranding of the firm as Venning. The firm merged with Agawam, Massachusetts-based accounting firm, Corbin & Tapases on September 27. Venning & Jacques, Inc.,

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What's new in May for state sales and use taxes

TaxConnex

States’ sales taxes account for almost 30% of state tax revenue, but most sales taxes are imposed on narrow and still-narrowing bases, according to a new report from the Tax Foundation. Sales taxes have become less neutral, less equitable, and less economically efficient over time,” the Foundation said.

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PKF O’Connor Davies Picks Up Robert Philipson & Co.

CPA Practice

Top 30 accounting firm PKF O’Connor Davies has acquired Silver Springs, MD-based Robert Philipson & Co., an accounting, tax, and management advisory firm that specializes in serving private clients through sophisticated tax services. Financial terms of the deal, which became official on Jan. weren’t disclosed.

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Tax Season to Start January 29, 2024

CPA Practice

An enhanced IRS Individual Online Account that includes chat, the option to schedule and cancel future payments, revise payment plans and validate and save bank accounts. Taxpayers living in Maine or Massachusetts have until April 17, 2024, due to the Patriot’s Day and Emancipation Day holidays.

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IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers

CPA Practice

“We’ve taken important steps to add more improvements to help taxpayers, ranging from expanded in-person hours, better online options and improved phone service.” The IRS reminds taxpayers the deadline to file a 2023 tax return and pay any tax owed is Monday, April 15, 2024. Online Account. on IRS.gov or the IRS2Go app.

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QSBS Exemption Explained: What Investors and C-Corp Executives Should Know

inDinero Accounting

However, the IRS rules surrounding this tax break are complicated and go beyond what we’ve covered in this article. If you want to dive deeper into this topic, you can connect with one of the experts on our business tax services team. Table of Contents What is the QSBS Exemption? A C Corporation must issue the shares.