CPA Practice

OCTOBER 18, 2023

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

business tax 59

business tax Tax Alaska South Dakota 59

CPA Practice

JULY 18, 2023

If you’re part of that rising tide, you need to know how to tax shipping and delivery charges. Charges for a company to deliver goods in its own vehicle are often taxed differently than charges for delivery by common carrier or private carrier. or “Is there sales tax on U.S. What follows are general guidelines, not tax advice.

Sales 98

Sales Retail Tax West Virginia 98

CPA Practice

MARCH 7, 2023

While you focus on your business, we stay on top of legislative and policy changes that can affect your tax compliance. How do you know if your business is required to register for sales tax in another state? Learn more about state efforts to simplify sales tax. Our favorite sales tax update has hit the Tax Desk.

Sales 52

Sales Tax South Dakota Alaska 52

Anders CPA

MAY 15, 2023

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

ThomsonReuters

JUNE 10, 2021

Summertime Tax Tips. Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. Biden Administration issues tax proposals “Green Book.” The Department of the Treasury has issued detailed information about the Biden Administration’s tax proposals for fiscal year 2022 in its “ Green Book.”

payroll 98

payroll Vermont Tax Connecticut 98

CPA Practice

DECEMBER 19, 2023

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. Your clients may want to delay the incorporation process until the new year for several good reasons. But your clients don’t have to select January 1 as their incorporation date.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

CPA Practice

OCTOBER 24, 2023

1, the team from San Antonio-based accounting firm Fisher, Herbst & Kemble P.C. Fort Worth-based Whitley Penn is acquiring FHK, a long-established CPA firm that provides audit, tax, and consulting services to clients, primarily financial institutions, construction companies, and retailers.

cpa firm 52

cpa firm Texas CPA New Mexico 52

ThomsonReuters

OCTOBER 6, 2021

State income tax is a direct tax on business income you’ve earned in a state. Each state gets to decide what matters most — your payroll, property, or sales — and in what ratio to account for them. Each state gets to decide what matters most — your payroll, property, or sales — and in what ratio to account for them.

income tax 52

income tax Tax payroll Massachusetts 52

ThomsonReuters

JANUARY 30, 2023

Table of contents: Minimum wage Paid leave Tax credits Unemployment Earned wage access Pay transparency Tipped workers Worker classification State-run retirement plans Work scheduling 1. New Hampshire. New Mexico. New Hampshire. New Mexico. The state’s last scheduled increase is $12.00

payroll 105

payroll Hawaii West Virginia Oklahoma 105

Shay CPA

FEBRUARY 7, 2024

Instead, complying with state and federal regulations, from taxes to employer requirements, feels most burdensome. This company offers business filings and tax registration services across all 50 states. Our team can also talk you through how their services work, and how we can leverage them alongside our accounting services.

Alaska 52

Alaska Missouri New Mexico Georgia 52

ThomsonReuters

MARCH 15, 2021

March 15 used to be a day some might beware of for tax reasons because from 1918 to 1954 this date was the income tax filing deadline. Increasing the earned income tax credit percentage and phase-out percentage from 7.65% to 15.3% IRS tax tip on repayment of deferred Social Security taxes. In the U.S.,

payroll 98

payroll Connecticut Massachusetts income tax 98

ThomsonReuters

JUNE 22, 2021

But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax. State by State Payroll Tax Changes. New Mexico. per hour for employees without. .

payroll 72

payroll Virginia Utah West Virginia 72

ThomsonReuters

JANUARY 24, 2022

The question arises whether a worker who refuses an employer’s vaccine mandate is eligible to collect unemployment benefits, and if so, are employer unemployment accounts impacted by those claims. Meanwhile, employers across the nation, who are not prohibited by a state law, may impose their own vaccination policy. California.

Rhode Island 119

Rhode Island West Virginia South Dakota Maryland 119

ThomsonReuters

FEBRUARY 7, 2022

The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. New Mexico. The post Federal Paid FMLA May Be Out While States Consider Possibilities appeared first on Tax & Accounting Blog Posts by Thomson Reuters. 2022, H447 ). . Proposed legislation ( L.

Missouri 98

Missouri Rhode Island Nebraska Mississippi 98

ThomsonReuters

FEBRUARY 7, 2022

New Mexico. The post 2022 Minimum Wage and Overtime Salary Threshold Increases appeared first on Tax & Accounting Blog Posts by Thomson Reuters. per hour for employers with 6 or more employees . per hour for employers with 5 or fewer employees . per hour for agricultural workers . per hour for tipped workers .

Rhode Island 92

Rhode Island South Dakota Connecticut Agriculture 92

ThomsonReuters

APRIL 26, 2022

that is tasked with accounting all workers in the fossil fuel energy sector as well as the anticipated closure dates of fossil fuel plants, nuclear power plants, and coal mines, and the impacts of closures including layoff numbers, early retirements, and salary changes. New Mexico Energy Transition Act. The state also has an?

payroll 95

payroll Vermont Rhode Island Hawaii 95

ThomsonReuters

AUGUST 16, 2021

New Mexico. In addition, please reach out to a sales or service specialist at Thomson Reuters Checkpoint for information on how our products can help you navigate through payroll tax and non-tax topics. Penalties for failure to comply may apply.

Legal 52

Legal payroll Connecticut Virginia 52