Withum

MAY 12, 2025

Author: Mike Mcloughlin | mmcloughlin@withum.com Contact Us For more information on this topic, please contact a member of Withum’s State and Local Tax Services Team. Let’s Chat The post New York Governor Signs 2025-2026 Budget That Includes Business Tax Hikes appeared first on Withum.

New York 52

New York business tax Tax payroll tax 52

Nancy McClelland, LLC

APRIL 8, 2025

Did your accountant (possibly me) ask you to make a business tax payment for your Illinois pass-through entity, such as a Partnership or S-Corp — maybe an estimated tax payment or extension payment? On the Summary tab, look for the Business Income Tax section. (In Well, you’ve come to the right place.

Illinois 52

Illinois business tax Tax income tax 52

MyIRSRelief

OCTOBER 4, 2024

For Businesses: Filing Form 1120-X or 1065-X Identify the Error: Determine the specific error on your original business tax return (Form 1120 for corporations or Form 1065 for partnerships). Correcting errors on your individual or business tax return is essential to ensure compliance with tax laws and avoid potential penalties.

tax return 130

tax return business tax Tax income tax 130

MyIRSRelief

OCTOBER 11, 2024

If you’re searching for an “Enrolled Agent near me,” you’re likely looking for someone who can provide a wide range of tax services. Get help today by calling us at 1-877-78-TAXES [1-877-788-2937]. Business Tax Preparation Business tax preparation is another critical service offered by Enrolled Agents.

tax services 130

tax services payroll tax Tax tax preparation 130

RogerRossmeisl

AUGUST 11, 2024

The reason has to do with a tax law that’s scheduled to expire in about 17 months and how politicians in Washington would like to handle it. How we got here The Tax Cuts and Jobs Act (TCJA), which generally took effect in 2018, made extensive changes to small business taxes.

Tax 261

Tax Washington business tax CPA 261

FraudFiles

APRIL 14, 2025

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets.

tax return 52

tax return forensic accounting business tax Tax 52

Accounting Today

OCTOBER 17, 2024

With the November election mere weeks away, there is still time for tax pros to ponder the strategies available to meet the proposals of each candidate.

business tax 124

business tax Tax 124

inDinero Tax Tips

OCTOBER 22, 2024

Table of Contents LLCs Are “Pass-Through” Entities LLC Taxes in Nevada Nevada Commerce Tax Frequently Asked Questions Conclusion The Entrepreneur’s Guide to Tax Saving Strategies Fill out the form to download your guide to find out how you can pay less in taxes Click Here LLCs Are “Pass-Through” Entities LLCs aren’t taxed directly.

Nevada 105

Nevada Tax income tax payroll tax 105

RogerRossmeisl

JANUARY 12, 2023

On January 10, 2023, IRS news release IR-2023-03 announced that California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).

California 246

California Tax tax return CPA 246

RogerRossmeisl

JULY 14, 2021

And you may be able to: Shift your high-taxed income into tax-free or low-taxed income, Realize payroll tax savings (depending on the child’s age and how your business is organized), and Enable retirement plan contributions for the children.

Tax 246

Tax income tax payroll tax payroll 246

RogerRossmeisl

FEBRUARY 26, 2023

As reported in IR-2023-33 on 2/24/2023 Disaster-area taxpayers in most of California now have until October 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced last Friday. Previously, the deadline had been postponed to May 15, 2023 for these areas.

California 246

California Tax tax return CPA 246

RogerRossmeisl

SEPTEMBER 25, 2022

Now that Labor Day has passed, it’s a good time to think about making moves that may help lower your small business taxes for this year and next.

tax planning 211

tax planning Tax business tax CPA 211

CPA Practice

NOVEMBER 20, 2024

Accounting and Tax Pricing Benchmark report from Ignition, which surveyed 345 owners and decision-makers in accounting firms, adds that most firms are planning to increase fees across services by 5% or 10% in 2025. 90% plan to increase fees for individual tax returns. 87% plan to increase fees for business tax returns.

accounting firms 116

accounting firms Account accountant accounted 116

Going Concern

NOVEMBER 7, 2024

Ignition has released its 2024 US Accounting and Tax Pricing Benchmark report and it reveals that the 325 Ignition customers surveyed are going all-in on fee increases in 2025. Or at least half-in. 57% of accounting firms plan to increase fees across all services in 2025.

cost accounting 115

cost accounting accounting firms Account accountant 115

RogerRossmeisl

DECEMBER 15, 2024

As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel expenses are tax deductible can significantly affect your bottom line. Properly managing travel costs can help ensure compliance and maximize your tax savings.

Tax 246

Tax CPA business tax 246

Withum

DECEMBER 18, 2024

Meet our team and let us cross the tax provision off your to-do list, so you can focus on the things that matter the most. Author: Karin Salmeri | ksalmeri@withum.com Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

Tax 122

Tax auditor financial statements income tax 122

CPA Practice

APRIL 14, 2025

3 to file various individual and business tax returns and make tax payments. As a result of the severe storms, which included tornados and flooding, that began on April 2, taxpayers now have until Nov.

Tennessee 113

Tennessee Tax tax return business tax 113

RogerRossmeisl

DECEMBER 29, 2024

Youre not alone if youre confused about the federal tax treatment of business-related meal and entertainment expenses. Current law The Tax Cuts and Jobs Act eliminated deductions for most business-related entertainment expenses. The rules have changed in recent years. Lets take a look at what you can deduct in 2024.

Entertainment 263

Entertainment Gaming CPA Tax 263

Accounting Today

JULY 23, 2024

Individuals and businesses in the affected counties now have until next Feb. 3 to file various federal individual and business tax returns and make tax payments.

Texas 128

Texas Tax tax return business tax 128

RogerRossmeisl

OCTOBER 20, 2024

The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit rates for large corporations with assets exceeding $250 million. Under these plans, partnerships with assets over $10 million will also see audit rates increase tenfold by 2026.

audit 264

audit CPA Tax business tax 264

RogerRossmeisl

DECEMBER 15, 2024

How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for retirement plans, as well as other qualified plans, for 2025.

CPA 263

CPA Government business tax Tax 263

RogerRossmeisl

FEBRUARY 16, 2025

When deciding on the best structure for your business, one option to consider is a Ccorporation. This entity offers several advantages and disadvantages that may significantly affect your business operations and financial health. Heres a detailed look at the pros and cons of operating as a C corporation.

Non-Profits 257

Non-Profits corporation tax CPA Tax 257

Accounting Today

DECEMBER 12, 2024

The Internal Revenue Service is adding more features to the Tax Pro Account, Business Tax Account and Individual Online Account, and starting a new enforcement campaign.

Tax 118

Tax Account accountant accounted 118

RogerRossmeisl

MARCH 3, 2025

citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either.

CPA 219

CPA business tax Tax 219

RogerRossmeisl

OCTOBER 27, 2024

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $176,100 for 2025 (up from $168,600 for 2024). Wages and self-employment income above this amount aren’t subject to Social Security tax. As we approach 2025, changes are coming to the Social Security wage base.

Hospitality 263

Hospitality payroll CPA Tax 263

RogerRossmeisl

APRIL 26, 2025

Are you starting a business with partners and deciding on the right entity? An Scorporation might be the best choice for your new venture. One benefit of an Scorporation One major advantage of an Scorporation over a partnership is that shareholders arent personally liable for corporate debts.

CPA 213

CPA Finance Tax business tax 213

RogerRossmeisl

APRIL 26, 2025

Whether youre ready to retire, you wish to step back your involvement or you want a solid contingency plan should you unexpectedly be unable to run the business, exploring different succession strategies is key.

Tax 217

Tax CPA Sales business tax 217

ThomsonReuters

NOVEMBER 26, 2024

Let’s take a look at what a digital tax workflow is all about and how it can unlock efficiencies for your accounting firm. Jump to ↓ What is a digital tax workflow? What is tax workflow automation? What is a digital tax workflow? First, the basics. Tens of thousands of U.S.

Technology 52

Technology accounting firms Tax tax preparation 52

Withum

APRIL 14, 2025

Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Let’s Chat The post LLCs vs. S Corporations vs. C Corporations: Choosing the Right Entity for Your Business appeared first on Withum.

tax return 80

tax return corporation tax payroll income tax 80

RogerRossmeisl

DECEMBER 15, 2024

If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This is also an option for self-employed individuals or business owners who wish to upgrade from a SIMPLE IRA or Simplified Employee Pension (SEP) plan.

CPA 241

CPA Tax accountant Account 241

Withum

FEBRUARY 13, 2025

Our team closely monitors and analyzes proposed tax legislation, providing individuals and businesses with timely insights to help navigate the evolving tax landscape. Visit Resource Center Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

New York 75

New York audit Washington Tax 75

RogerRossmeisl

FEBRUARY 23, 2025

With todays hiring challenges, business owners should be aware that the Work Opportunity Tax Credit (WOTC) is available to employers that hire workers from targeted groups who face significant barriers to employment. According to the U.S. from May to November of 2024.

Tax 213

Tax CPA cpa firm business tax 213

RogerRossmeisl

FEBRUARY 16, 2025

Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in todays businesses. The tax treatment of these assets can be complex, but businesses need to understand the issues involved. Here are some answers to frequently asked questions. What are intangible assets?

Tax 232

Tax CPA business tax 232

LSLCPAs

APRIL 8, 2025

When buying or selling a business, taxes play a critical role in determining the financial outcome of the transaction. The way a deal is structuredwhether as a stock sale or an asset salecan significantly impact the tax liabilities for both buyers and sellers.

Tax 52

Tax cpas business tax Sales 52

Shay CPA

APRIL 28, 2025

Tax Credits and Incentives for Setting Up a Retirement Plan Setting up a 401(k) or similar plan can bring federal tax benefits, including: SECURE Act Small Business Tax Credit: Employers with fewer than 100 employees may claim a tax credit for up to three years to offset the administrative costs of starting a retirement plan.

New York 52

New York payroll New Jersey CPA 52

CPA Practice

APRIL 18, 2025

The Tax Law Roundup is a collection of recent sales, VAT and other transactional and business operations tax news compiled and shared with us by the transaction and business tax experts at Avalara.

Tax 96

Tax business tax Sales 96

Going Concern

NOVEMBER 15, 2024

News Tax CARES Act coronavirus ERC Fraud fuck you pay me National Taxpayer Advocate Small Business Tax Credits

Tax 52

Tax business tax payroll CPA 52