Cherry Bekaert

MAY 16, 2023

S corporations are corporations that elect to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed at their individual income tax rates.

income tax 88

income tax Tax tax return Connecticut 88

TaxConnex

DECEMBER 29, 2022

The year started with attention on new online products and sales tax – notably in Maryland with its tax on digital advertising. The state imposed a gross receipts tax on digital ads so long as the companies had at least $1 million in advertising revenue within the state for the year. More doubters would pop up later. (In

Sales 130

Sales Tax Maryland Louisiana 130

Going Concern

OCTOBER 21, 2022

KPMG flunks US overseas audit inspections twice as often as rivals [ Financial Times ] US regulators were twice as likely to find flaws in audits conducted by the overseas affiliates of KPMG than those of any other Big Four accounting firm, an analysis of inspection data shows. EisnerAmper Merges in Maryland Firm. Other Stuff.

audit 75

audit CPA accounting firms accounting and finance 75

CPA Practice

JULY 28, 2023

The digital economy has caused an incredible shift in how jurisdictions create, administer, remit and audit indirect taxes. Properly structuring tax models and aligning regimes that are equitable for all stakeholders, while attempting to balance the economic interests of all participants has now become a vital societal priority.

Maryland 52

Maryland Tax Virginia West Virginia 52