Withum

JULY 25, 2022

Our dedicated team of Withum COVID relief experts has helped hundreds of organizations determine eligibility for a variety of COVID-related government relief programs. Business Tax Services. For more information on this topic, please contact a member of Withum’s Business Tax Services team.

New York 78

New York tax services business tax payroll 78

Withum

FEBRUARY 27, 2023

Over the past few days, the IRS has issued several updates regarding tax relief for victims of severe winter storms, flooding, landslides, and mudslides. The last updated news release on February 24, 2023, states that affected taxpayers now have until October 16, 2023 to file various individual and business tax returns and make tax payments.

California 119

California tax return Nevada payroll 119

inDinero Tax Tips

MAY 13, 2024

It’s money collected from employee wages and used to fund Social Security, Medicare, unemployment insurance, and other government programs. Since businesses are responsible for calculating, withholding, and remitting the tax to the government, navigating this process can be an administrative challenge.

payroll tax 52

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Withum

MARCH 27, 2024

Crapo continued the discussion by praising the panelists for their examples of why extending the three business tax provisions from the Tax Cuts and Jobs Act is so critical. The immediate deduction of research expenditures is imperative for the growth of business. Supporting immediate research expensing to foster U.S.

Finance 59

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Withum

MARCH 16, 2022

Government issued Executive Order 14068 prohibiting certain imports, exports and new investment with Russia. Person, to the Government of Russia or any person located in Russia; any approval, financing, facilitation, or guarantee by a U.S. Business Tax Services. On March 11, 2022, the U.S. Contact Us. Contact Us.

Sports 121

Sports Government Finance tax services 121

Withum

NOVEMBER 29, 2023

FinCEN will store the information in a secure, non-public database and it will be made available only to certain government agencies and foreign officials that submit a request to FinCEN related to national security, intelligence, or law enforcement. Will the reported beneficial ownership information become public? See FAQ #A.3.

Legal 115

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Withum

MARCH 12, 2024

The only things that have changed are the makeup of the United States Supreme Court, the increasing legalization of cannabis at the state level, and the willingness of the federal government to enforce the CSA against businesses that operate in conformity with state cannabis laws.

Tax 119

Tax tax return Legal Manufacturing 119

xendoo

APRIL 3, 2023

For example, if your tax bill is $15,000 but you have $5,000 in tax credits, you’ll only owe $10,000. But, there are over 30 business tax credits. Which should you claim to get the most tax savings? You might be unaware that you qualify for multiple credits that will lower your total tax burden significantly.

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xendoo

APRIL 3, 2023

For example, if your tax bill is $15,000 but you have $5,000 in tax credits, you’ll only owe $10,000. But, there are over 30 business tax credits. Which should you claim to get the most tax savings? You might be unaware that you qualify for multiple credits that will lower your total tax burden significantly.

Tax 52

Tax tax preparation business tax income tax 52

Withum

NOVEMBER 29, 2023

FinCEN will store the information in a secure, non-public database and will be made available only to certain government agencies and foreign officials that submit a request to FinCEN related to national security, intelligence, and law enforcement. Will the reported beneficial ownership information become public? See FAQ #A.3.

Legal 91

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Withum

SEPTEMBER 2, 2022

For more information on this topic, please contact a member of Withum’s Business Tax Services Team. The post Extension of the Energy Investment Tax Credit appeared first on Withum. Contact Us. Let’s Chat.

Tax 69

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Withum

MAY 23, 2022

Any order, proclamation, or decree from the Federal government or any State or local government can qualify as long as it limits commerce, travel, or group meetings due to COVID-19 and relates to the suspension of the supplier’s trade or business. Business Tax Services. Contact Us. Contact Us.

Government 78

Government audit tax services Tax 78

Withum

SEPTEMBER 22, 2022

The IRS examined the rules governing the PPP and noted that in order to receive loan forgiveness, a taxpayer had to be an eligible recipient and the PPP loan proceeds had to be spent on eligible expenses within the covered period. For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

Tax 125

Tax payroll audit tax services 125

Withum

DECEMBER 23, 2023

More recently, tax writers were meeting on a regular basis and the news reported on a rough outline of a plan, but that came to nothing. So now Congressional leaders have departed for winter recess and will return to a full plate of financing the government when they return. appeared first on Withum.

Pharmaceutical 52

Pharmaceutical accounting and finance Tax income tax 52

Withum

JANUARY 13, 2022

From the Paycheck Protection Program (PPP) to the Employee Retention Credit (ERC), small businesses were infused with billions of dollars in government assistance to keep the economy running and businesses afloat. Now that these programs are expiring it is time to report all these funds on taxpayer’s 2021 business tax returns.

Tax 126

Tax tax return income tax corporation tax 126

Withum

APRIL 4, 2022

For taxpayer’s contesting or litigating one of these cases, it is important to note that the court refused to enjoin government agencies from introducing in future judicial or administrative proceedings any information obtained unlawfully under the Notice. Business Tax Services. Contact Us. Contact Us.

Tennessee 64

Tennessee Kentucky Michigan Ohio 64

Withum

APRIL 24, 2023

If you want a quick overview of the rules governing QSBS, you can read about them here. The rules governing QSBS are complex. There is no substitute for timely and independent advice from a qualified tax advisor. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

Real Estate 78

Real Estate Tax Government accounting and finance 78

Withum

NOVEMBER 14, 2022

In a nutshell, late-filing relief is granted to taxpayers who act reasonably and in good faith, and granting relief will not prejudice the interests of the government. For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Contact Us. Let’s Chat.

tax return 113

tax return Entertainment Tax Sales 113

MazumaBusinessAccounting

JULY 27, 2022

For example, do you know how much your business has spent on payroll this year? Tax Filing. Business taxes are complex and time-consuming and can be stressful when trying to do them alone. Bookkeeping services that include tax filing take a lot off your plate come tax time. Get Extra Peace of Mind.

bookkeeping 52

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Withum

MAY 4, 2022

Many states across the nation have enacted electable PTETs in an effort to provide businesses a workaround to the federal state and local tax (“SALT”) deduction limitation that the Tax Cuts and Jobs Act (“TCJA”) put in place. PTET Income Tax Addback. State and Local Tax Services. Contact Us.

income tax 112

income tax New York Tax New Jersey 112

Withum

APRIL 8, 2022

As the contributions are made with pre-tax dollars, the federal government has instituted a required minimum distribution age to ensure taxation in the taxpayer’s lifetime. If the House Bill is passed, a careful review of one’s retirement portfolio should take place with their financial and tax advisor. Business Tax Services.

income tax 75

income tax Tax Start-ups Maine 75

Withum

SEPTEMBER 6, 2022

Concerns related to whether the government is using this collected data, tracking user locations, tracking driving and reading personal files have some users avoiding the use of e-commerce – specifically platforms relating to buying potent substances such as cannabis. Author: Kim Gordon | kgordon@withum.com. Contact Us. Let’s Chat.

E-commerce 52

E-commerce Management Consulting Retail Transportation 52

Withum

JUNE 22, 2022

The rules governing qualified rollovers are complex and the strategies discussed in this article should be undertaken only with advice from a qualified tax advisor. Business Tax Services. The taxpayer’s ability to document the facts will be important. Conclusion. Contact Us.

Entertainment 122

Entertainment Sales Tax Start-ups 122

CPA Practice

OCTOBER 18, 2023

Each of those six products can have its own sales tax rate (or exemption), with the beer and wine also incurring different excise taxes. Tax rates on services are similarly varied. Some states tax services, others don’t. So companies like Uber or Care.com need to know when to apply tax and when to exempt it.

Tax 52

Tax Sales audit tax services 52

xendoo

JANUARY 30, 2023

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. How do you know which tax credits will save you the most money?

business tax 52

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Withum

JULY 26, 2023

Generally, entities that can make a direct-pay election include tax-exempt organizations, State or political subdivisions, local governments, Indian tribal governments, Alaska Native Corporations, the Tennessee Valley Authority, rural electric co-ops, U.S. Once an election is made to transfer a credit, it is irrevocable.

Tax 52

Tax tax return Alaska Tennessee 52

Withum

OCTOBER 11, 2023

Even though Congress may have recently provided bi-partisan legislation by passing the continuing resolution to keep the government funded through November 17 th , it is unclear whether similar bi-partisan legislation can be passed in order to retain and support continued R&E practices in the United States.

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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 52

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inDinero Tax Tips

NOVEMBER 15, 2021

Understanding Deductible Business Expenses. After subtracting deductions, you’ll only need to pay taxes for your net revenue. The current business tax rate is 21% at the federal level, plus state corporate taxes that range anywhere from 0-11.5%. Deductions work by reducing your total gross income.

Tax 52

Tax income tax Legal Entertainment 52

xendoo

JANUARY 17, 2022

As a business owner, how do you go about filing personal and business taxes with the IRS? The answer to this question actually depends on the way your business is structured, so there’s not a one-size-fits-all approach to filing small business taxes. Are Business Taxes and Personal Taxes FiledTogether?

business tax 105

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Withum

JUNE 27, 2022

These various versions can cause problems when trying to manage these models and maintain governance on multiple models that are essentially the same in the back end with different reports attached to the front end. Digital and Technology Transformation Services. Contact Us. Contact Us.

Government 52

Government tax services business tax Technology 52

xendoo

JANUARY 26, 2023

The Internal Revenue Service (IRS) can send you a bill for penalties and additional fees. However, we understand that tax filing requirements and rules change each year. It’s hard to keep up without your own accountant or business tax services. Types of Penalties How Long Can You Go Without Filing Business Taxes?

Tax 52

Tax tax return Non-Profits Legal 52

inDinero Tax Tips

MAY 24, 2023

You need to have a clear picture of what you’re spending on your business, not to mention the IRS requires documentation for all business expenses claimed on tax returns. Beyond that, certain industries, such as healthcare or businesses receiving government funding, also have legal documentation requirements.

Tax 52

Tax income tax tax return Legal 52

Withum

SEPTEMBER 2, 2022

Applicable entities, including tax exempt entities, state or local governments, and Indian tribal governments can make a direct pay election for this credit to effectively treat the tax credits as taxes paid on a filed return. The post Is It Time for Businesses To Invest in Electric Vehicles? Contact Us.

Construction 80

Construction Manufacturing Tax Government 80

Withum

MARCH 21, 2022

After all, why were the large C Corporations being given such favorable treatment when the majority of the businesses in the United States operate as pass-through entities? Aren’t federal income taxes grand? Business Tax Services. Contact Us. Contact Us.

Tax 128

Tax corporation tax income tax tax services 128

Going Concern

NOVEMBER 10, 2023

” Wilkinson’s comments came in the wake of news reports saying the government paid KPMG nearly $670,000 to find ways to save money — and after the the Trudeau government announced an initiative to tighten spending and reduce its reliance on outside consultants. .

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Ryan Lazanis

APRIL 4, 2022

Your productized service should be broken down into 3 components: Component 1: Services Every core offering will contain professional services and accounting work. In order to deliver your client’s ideal result, what services do you need to provide? Monthly accounting and bookkeeping services? Advisory Services?

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