Withum

OCTOBER 6, 2022

Last week, the Federal Government released guidance allowing certain federal tax filings and payments to be extended until February 15, 2023, for the victims of Hurricane Ian. Individuals and households affected by Hurricane Ian that reside anywhere in Florida qualify for tax relief. Who can obtain relief (i.e., Contact Us.

Government

TaxConnex

MARCH 18, 2021

As a result, out-of-state taxpayers could now be required to collect and remit sales tax due to only having an economic connection with the state. Sales Tax Implications of Wayfair. One of the easiest ways to do so was to enact economic nexus standards for state business tax purposes. Supreme Court.

income tax

CPA Practice

OCTOBER 18, 2023

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

business tax

CPA Practice

OCTOBER 1, 2024

The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. 23 in Florida; Sept. 22, 2024, in Alabama; Sept. 24 in Georgia; Sept.

South Carolina

CPA Practice

OCTOBER 10, 2024

Florida Institute of CPAs FICPA hosted a webinar on Oct. FICPA will be hosting a second webinar with Schreiber on disaster tax matters at 10 a.m. FICPA said it has been in close communication with the IRS and the Florida Department of Revenue to help secure filing extensions and to seek guidance where needed.

North Carolina

CPA Practice

OCTOBER 2, 2023

Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. This list continues to be updated regularly.

South Carolina

CPA Practice

OCTOBER 16, 2023

Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. This list continues to be updated regularly.

South Carolina

Withum

JANUARY 16, 2024

Butler (D) Butler (202) 224-3841 California Alex Padilla (D) Padilla (202) 224-3553 Florida Marco Rubio (R) Rubio (202) 224-3041 Florida Rick Scott (R) Scott (202) 224-5274 New Jersey Cory A. Let’s Chat The post Tax Framework Released: Tax Relief for American Families and Workers Act of 2024 appeared first on Withum.

Tax

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

business tax

TaxConnex

AUGUST 9, 2022

That’s the consensus of a recent report from the Institute on Taxation and Economic Policy, which notes that “so far this year 20 states have decided to forgo a combined $1 billion in vital tax revenue?in in favor of conveniently popular yet ultimately ineffective sales tax holidays.”. Path to simplicity.

Sales

Withum

SEPTEMBER 1, 2023

On August 30, 2023, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in parts of Florida that were affected by Hurricane Idalia. 46 of Florida’s 67 counties were mentioned in the News Release, but others have been added since then.

Tax

Going Concern

NOVEMBER 24, 2022

Past locations have included Las Vegas, Rocky Point, Florida, and San Diego. Responsibilities: You will be deeply involved with preparing tax planning & tax consulting services. Reviewing and preparing individual, partnership, trust, and corporate tax returns. 10 days PTO plus holidays. Annual team retreat.

Tax

Withum

OCTOBER 3, 2024

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia.

South Carolina

CPA Practice

SEPTEMBER 1, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. 15, 2024, to file various federal individual and business tax returns and make tax payments. These taxpayers now have until Feb.

Tax

CPA Practice

JANUARY 30, 2024

A team of students from University of Nebraska , Lincoln, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case.

Nebraska

CPA Practice

SEPTEMBER 13, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in 28 of the state’s 159 counties in Georgia. 15, 2024, to file various federal individual and business tax returns and make tax payments. These taxpayers now have until Feb.

Georgia

CPA Practice

OCTOBER 7, 2024

Florida Institute of CPAs FICPA hosted a webinar on Oct. FICPA will be hosting a second webinar with Schreiber on disaster tax matters at 10 a.m. FICPA said it has been in close communication with the IRS and the Florida Department of Revenue to help secure filing extensions and to seek guidance where needed.

North Carolina

CPA Practice

FEBRUARY 9, 2023

A team of students from the Southern Illinois University, Carbondale, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case.

Illinois

CPA Practice

JULY 28, 2023

For example, you’ll have to register for California sales and use tax if your total combined sales of tangible personal property in the state (including nontaxable sales) reach $500,000. In Florida, the economic nexus threshold is $100,000 in taxable sales of tangible personal property delivered physically in the state.

Sales

xendoo

JANUARY 21, 2022

This Startups to Watch feature by the South Florida Business Journal includes businesses from a variety of industries, with everything from virtual reality to psychedelic mental health care represented. The companies are tackling the future of work, crypto investing, real estate development, banking, and more.

Real Estate

Snyder

JUNE 9, 2022

Note: The important thing is that the United States income tax rates are marginal , which just means that each tax rate applies to only one part of your income. . Income tax calculations are reflected in the business tax return. In the USA, the IRS or local tax agencies play the role of such authority.

income tax

CPA Practice

SEPTEMBER 17, 2024

LGA Welcomes Matt Foley, CPA, MST, as Tax Partner LGA recently welcomed Matt Foley, CPA, MST, as a Tax Partner. Matt brings a wealth of experience in corporate, flow-through, and personal taxation to our business tax practice.

Construction

inDinero Tax Tips

MARCH 13, 2023

For instance, in states like Florida, you will not pay state income tax on profits earned through an S corp. At inDinero we want to help businesses like yours understand their tax responsibilities and save time and money by preparing year-round. Download your copy of The Entrepreneur’s Business Tax Pack now.

income tax

inDinero Tax Tips

MARCH 13, 2023

For instance, in states like Florida, you will not pay state income tax on profits earned through an S corp. At inDinero we want to help businesses like yours understand their tax responsibilities and save time and money by preparing year-round. Download your copy of The Entrepreneur’s Business Tax Pack now.

income tax

ThomsonReuters

OCTOBER 20, 2020

In response to the fluid and uncertain situation that many businesses are facing, Checkpoint Catalyst conducted a comprehensive survey of state tax agencies to find out how individual states are managing tax issues related to COVID-19 worker displacement.

South Dakota

CPA Practice

JULY 1, 2024

The IRS on June 28 issued a reminder that marijuana remains a Schedule I controlled substance, meaning that cannabis businesses are still unable to claim normal business tax deductions.

Florida

PYMNTS

NOVEMBER 3, 2017

According to reports in The New York Times , Republican tax reform efforts would impose a minimum global tax of 10 percent for American multinational corporations. The corporate or business tax rate would also be cut from 35 percent to 20 percent according to the new plan.

corporation tax

CPA Practice

AUGUST 2, 2024

The bill would revive a trio of business tax breaks, including the full upfront deduction of research and development expenses, and expand the child tax credit to make it more generous to low-income families. The House passed the legislation on a 357-70 vote in January.

Tax

CPA Practice

AUGUST 11, 2023

An impasse on if or how to bolster the benefit has now held up tax negotiations for a year. While Democrats are demanding a child credit boost in any bipartisan tax package that also revives lapsed business tax breaks, some lawmakers in Republicans’ narrow House majority are also naming it a top concern.

Tax

Going Concern

DECEMBER 2, 2022

Florida state tax website bug exposed filers’ data [ TechCrunch ]. A security flaw on the Florida Department of Revenue website exposed at least hundreds of taxpayers’ Social Security numbers and bank account numbers, a security researcher found.

public accounting

CPA Practice

OCTOBER 11, 2024

Because of hurricanes Debby, Helene, and, most recently, Milton, all taxpayers in Florida now have until May 2025 to file individual and business tax returns and make tax payments, the IRS announced on Friday. 9 and crossed through Florida during the morning of Oct. For details, see the Florida page on IRS.gov.

Florida

Withum

NOVEMBER 6, 2024

If a Florida resident receives a W-2 showing that he or she worked 100 days in Florida and 100 days in Georgia, Georgia would be entitled to tax one-half of the individual’s compensation. Individuals working in states where they do not reside generally get a credit for taxes paid to a nonresident state in their resident state.

payroll tax

Going Concern

FEBRUARY 3, 2025

LLP , “a well-established accounting and advisory firm with deep roots in Georgia and Florida.” ” Said Fred Massanova, Baker Tillys chief growth officer and managing principal Eastern U.S., “The Southeast is a vital region for businesses of all sizes. Baruch came in second, University of Florida third.

accounted