Remove audit Remove New Mexico Remove tax return
article thumbnail

New Mexico weather victims get tax relief

Accounting Today

EDT 2 Min Read Facebook Twitter LinkedIn Email Individuals and businesses in New Mexico affected by severe storms, flooding and landslides that began on June 23 now have until next Feb. 2 to file various federal individual and business returns and make tax payments. 15, 2025, and Jan. 31, 2025, and Jan.

article thumbnail

Growing pains at the highest-growth firms

Accounting Today

Albuquerque, New Mexico-based Top 100 Firm REDW has experienced success in the challenging area of recruitment, according to managing principal Steven Cogan, though that achievement requires clear messaging. "So You know, Im just doing a tax return or Im just doing this. Im not worth it.

Insiders

Sign Up for our Newsletter

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

article thumbnail

6 topics SMBs need accountants' advice on

Accounting Today

These multi-hustles can range from hobbies like selling baseball cards on up to truly working multiple jobs at once, and its making those individuals financial, accounting and tax situations far more difficult. Traditionally, accounting firms may have offered a personal income tax return option along with a business owners C corp tax returns.

article thumbnail

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

TaxConnex

95 , beginning July 1, 2023, local tax collectors have to provide notice of their intent to audit that also “advise[s] the taxpayer that the taxpayer may request a multi-parish audit.”. Several states tinkered with their sales tax exemptions this summer. Iowa has modified its sales tax base. Free for all.

article thumbnail

Friday Footnotes: It’s BDO and Forvis Mazars’ Turn to Get Yelled at About Audit Quality; Eat Rice Because Deloitte Asked; PwC CEO’s Secret Bonus | 8.2.24

Going Concern

Get great candidates in tax, audit, and accounting in your inbox every week with no obligation to hire. Ernst & Young, Deloitte and PwC had an average 24 percent deficiency rate in their 2021 audits of public-company financials, up from 13 percent, according to the PCAOB’s most recent data, the Journal reported.

article thumbnail

What is state tax apportionment and how do you calculate it?

ThomsonReuters

The only type of business that must pay state income tax the way an individual does is a traditional corporation, otherwise known as a C corporation or C corp. This is because C corps are considered taxable entities; they are required to file state tax returns separate from the personal returns filed by their owners and employees.

article thumbnail

Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’

CPA Practice

To do this, we’ve added a new form of assistance: temporary pop-up centers, such as in Ciales, Puerto Rico and Gallup, New Mexico. We anticipate that Volunteer Income Tax Assistance will expand free assistance by approximately 50,000 returns this filing season. You have always gone above and beyond.

Tax