PYMNTS

FEBRUARY 26, 2019

When the state of Ohio partnered with cryptocurrency company BitPay last year, it meant the state would become the first in the U.S. to allow businesses to pay their corporate taxes in bitcoin. Ohio’s effort signaled a renewed push for corporate adoption of cryptocurrency.

corporation tax

CPA Practice

JANUARY 12, 2024

By Caitlin Reilly, CQ-Roll Call (TNS) A bipartisan, bicameral $70 billion tax agreement taking shape on the Hill is drawing mixed reviews, pointing to potential challenges ahead for Senate Finance Chair Ron Wyden and Ways and Means Chairman Jason Smith. said, referring to the child tax credit. “In Thom Tillis, R-N.C.,

Tax

CPA Practice

APRIL 10, 2023

Still, whatever discomfort I experience when booking a room has nothing on what lodging platforms have to endure to comply with the multitude of lodging tax requirements in the United States. We talk a lot about how complicated sales tax compliance is at the Avalara Tax Desk, and it is. Sometimes you just have to go with it.

Tax

PYMNTS

FEBRUARY 28, 2019

“We’re launching a business account which offers all of the same great features and puts a stop to the pain encountered by crypto businesses when opening an account under a legal entity name.”. Cryptocurrency and business relationships have been slowly becoming more mainstream.

business accounting

CPA Practice

NOVEMBER 10, 2023

Top 30 accounting firm Sikich has signed an agreement to acquire the operating assets of Thornhill Financial, a Cleveland-based accounting firm that provides tax, audit, and financial advisory services. The deal, which was announced on Nov. 9, is expected to close at the end of this month.

Ohio

ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. Does every corporation file income tax returns?

tax return

Withum

APRIL 4, 2022

District Court in Tennessee invalidated IRS Notice 2016-66 (November 2016) , which announced the IRS view that certain micro-captive insurance transactions are transactions of interest (essentially tax shelter transactions) and that they are subject to the special reporting regime applicable to so-called reportable transactions. Contact Us.

Tennessee

Withum

MARCH 27, 2024

Even though the House of Representatives passed the Tax Relief for American Families and Workers Act of 2024 , including the reinstitution of immediate expensing for domestic research expenditures, in a staggering bipartisan vote of 357 to 70, it still remains unclear if the Senate can pass this crucial legislation.

Finance

CPA Practice

DECEMBER 10, 2024

Eide Bailly Welcomes Chad Martin as Principal in the National Tax Office, Leading Transfer Pricing Practice Eide Bailly, a nationally recognized certified public accounting and business advisory firm recently welcomed Chad Martin as Principal in the National Tax Office.

public accounting

ThomsonReuters

OCTOBER 20, 2020

Many companies are discovering that this massive shift in work behavior may also have unforeseen tax implications. While businesses may focus on the potential for new income and activity tax liabilities, they should be aware that indirect tax responsibilities may be affected as well. In 2018, the U.S.

South Dakota

CPA Practice

JANUARY 16, 2024

Senate Finance Chairman Ron Wyden and House Ways and Means Chairman Jason Smith unveiled a roughly $78 billion tax deal Tuesday that would revive a trio of business tax credits, expand the child tax credit and boost low-income housing. aim to pass the tax package before Jan. Wyden, D-Ore., and Smith, R-Mo.,

tax planning

CPA Practice

MAY 19, 2023

Sherrod Brown wants to tweak a controversial upcoming tax rule that would require third-party payment platforms to issue 1099-K forms to small business owners and entrepreneurs who have at least $600 in sales. Ohio small businesses are frustrated with the 1099-K reporting threshold.

Tax

Going Concern

NOVEMBER 10, 2023

See also: Academics Let AI Ruthlessly Slander Big 4 Firms, They’re Very Sorry They Didn’t Think to Fact Check Talent Don’t slack on hiring tax talent, pre-game your busy season and be ready with a fully staffed team when things get crazy.

audit

PYMNTS

SEPTEMBER 26, 2017

25), found small businesses’ confidence in President Donald Trump’s administration to make good on promises of tax reform have declined. The third-quarter survey also found more small businesses than Q2 expect tax policy to have “no effect” on their businesses (33 percent, up from 40 percent in Q2).

Tax

CPA Practice

AUGUST 2, 2024

Caitlin Reilly CQ-Roll Call (TNS) WASHINGTON — The Senate fell short as expected Thursday of the 60 votes needed to start debate on a $79 billion tax bill that would deliver financial relief to businesses and low-income families, amid opposition from most Republicans and some on the majority side of the aisle as well.

Tax

CPA Practice

AUGUST 11, 2023

By Laura Weiss, CQ-Roll Call (TNS) Some House Republicans defending vulnerable seats in the 2024 elections are working on an expansion of the child tax credit and view it as a priority in discussions about broader tax legislation this fall. An impasse on if or how to bolster the benefit has now held up tax negotiations for a year.

Tax