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Oct. 16, 2023, is Deadline for Millions Who Filed Tax Extensions; But Many Get More Time Due to Disasters

CPA Practice

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.

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Oct. 16, 2023, is Deadline for Taxpayers with an Extension

CPA Practice

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.

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Areas in the U.S. Where Inflation is Causing Property Taxes to Increase the Most

CPA Practice

Unfortunately, many New Yorkers are accustomed to this increase since 2023 marks the third consecutive year inflation rates have surpassed the 2% tax cap. And counties across the state are raising taxes.

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Georgia Taxpayers in 28 Counties Get Extension Due to Hurricane Idalia

CPA Practice

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.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

South Carolina ( Senate Bill 216 ) would set the state minimum wage at $2.00 Tax credits State legislators are looking to offer businesses tax incentives for certain benefits to employees. H583 would set the minimum wage at $8.50 per hour with a cash minimum wage for tipped workers at $3.62

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Lodging Tax Insanity — So Many Ways to Tax Accommodations

CPA Practice

States typically take one of five different approaches to taxing accommodations: A single, statewide tax on accommodations but no additional local taxes (e.g., Connecticut, Maine, New Hampshire) A combined state/local sales tax on accommodations and local jurisdictions can impose an additional local accommodations tax (e.g.,

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