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Herbein Acquires Bumpers & Co. in Delaware

CPA Practice

has established its first location in Delaware after acquiring Bumpers & Co., team to help clients succeed with confidence in the Delaware market,” Stonesifer said in a statement. Top 200 accounting firm Herbein + Co. a Wilmington, DE-based full-service accounting and advisory firm, effective Oct.

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More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

inDinero Tax Tips

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Why Do So Many Companies Incorporate in Delaware? Does Delaware Have Sales Tax?

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Tax Court Weakens Self-Employment Tax Exception for Limited Partners

Withum

On November 28, 2023, the Tax Court ruled that the exception from self-employment tax for limited partners does not apply to limited partners who actively participate in the partnership’s business operations. It concluded that their level of participation was inconsistent with an exception from self-employment tax.

Tax 121
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CPA Advisory Firm Cover & Rossiter to Join The Bonadio Group

CPA Practice

The merger is expected to close on December 1, 2024, when all employees of the Delaware-based CPA firm will join The Bonadio Group and C&R will begin to operate under The Bonadio Group brand. Its primary clientele includes businesses, nonprofits, families, and individuals.

CPA 52
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Professionals on the Move – July 2024

CPA Practice

Kowalsky Joins CohnReznick as Government and Public Sector Advisory Principal CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that Ted Kowalsky is joining the firm as a Principal in its Government and Public Sector Advisory practice.

Delaware 101
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Tax Implementation Guides: Forming a New Entity

CTP

Formulating a tax strategy is just the first step in moving your clients toward tax savings. If you use a tax planning software solution like Tru Tax Planner , you will have access to ready-made implementation guides for even complicated tax strategies. Other factors come into play when choosing a state.

Tax 52
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Understanding New York’s “Convenience of the Employer” Rule: A Guide for Tech Companies with Remote Workforces

Shay CPA

With remote work becoming more prevalent, especially in the tech industry, it’s crucial for businesses to understand the tax implications of having employees work from various locations. One such consideration is New York’s “Convenience of the Employer” rule, which impacts how nonresident employees are taxed.