article thumbnail

Fundamentals of Co-op Taxation — A “Must Watch” NSAC Webinar, 4/19/23

Nancy McClelland, LLC

They provide the education and outreach to help accountants excel in this often-misunderstood realm of society. To operate on a cooperative basis for tax purposes, a company must meet specific tax rules in Subchapter T of the Internal Revenue Code. Field of Study: Taxes Program Level: Basic CPE Credit: 1.5

article thumbnail

Top Remote Accountants of the Week | May 16, 2024

Going Concern

With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

National Society Of Accountants For Co-ops Upcoming Webinars

Nancy McClelland, LLC

Things have changed a lot since back then, with the National Society of Accountants for Co-ops ( NSAC ), National Cooperative Business Association ( NCBA ), and the Co-op Professionals Guild ( CPG ) all offering online education. Additionally, the CLN will explore any anticipated future tax law changes. Click for more info.

article thumbnail

Last Week in Payroll: Backup Withholding

ThomsonReuters

Generally, the payer does not withhold taxes from these types of payments, as it is assumed that the payee will report and pay taxes on this income when the federal income tax return is filed. Form 1099-NEC took effect for the 2020 tax year. The draft forms include information related to the COVID-19 tax credits.

payroll 98
article thumbnail

How to Prepare Your Business for Tax Time

xendoo

Income Tax for Individuals, Sole Proprietors, and Single-Owner LLCs. Individual taxpayers, sole proprietors, and single-owner LLCs must make estimated tax payments on a quarterly basis and file an annual income tax return. . 2021 Tax Filing Deadlines for Estimated Income Tax. Corporate Income Tax Returns.

Tax 52
article thumbnail

A Run Through of the Payroll-Related Provisions of the Latest COVID-19 Law

ThomsonReuters

Eligible entities for the loans include for-profit businesses, certain non-profit organizations, housing cooperatives, veterans’ organizations, tribal businesses, self-employed individuals, sole proprietors, independent contractors, and small agricultural co-operatives. Loan forgiveness. rent, mortgage, interest and utilities) of up to 40%.

payroll 118