CPA Practice

JUNE 30, 2025

From tax prep to asset management, invoicing and portals, and auditing to remote CFO functions, the services the accounting and tax pros provide are dependent on the technologies they use. The awards highlight the most useful technology for firms and clients.

Technology

Accounting Today

JULY 24, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email The not-so-great outdoors; spear itself; pain and gain; and other highlights of recent tax cases. From 2017 to 2022, Heaton, who pleaded guilty in February, underreported his income to the IRS. He underreported his taxable personal income, which resulted in his evading at least $1.9

Tax

Accounting Today

JUNE 19, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. million in taxes on income he earned from his business.

Tax

CPA Practice

JULY 7, 2025

Xuan Phuc Tran (California), a graduate of the University of California, Irvine with a Bachelor of Arts in Business Administration, is employed with PricewaterhouseCoopers in San Jose, CA. Property and Fiscal Office on accounting programs, financial systems, and operational business processes.

cpas

Accounting Today

JUNE 26, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Another Naughty list; a couple of sharks; Miami vice; and other highlights of recent tax cases. Individuals disciplined include: California: Enrolled Agent William E. Olson was also one of the owners and operators of a day spa in Saratoga, California. All rights reserved.

Tax

Withum

DECEMBER 17, 2024

The Tax Cuts and Jobs Act (TCJA) enacted several tax rate cuts when it was enacted in 2017. This included a reduction of the C Corporation rate to 21% and a temporary provision that allowed owners of S Corporations and Partnerships a reduction of their taxes by deducting an additional 20% of the taxable profit from their businesses.

Tax

CPA Practice

JUNE 12, 2025

Among the winning companies are: Mi Terro (Los Angeles, California): Leverages big data to create compostable, fossil-fuel alternative biomaterials made from plant-based agricultural waste. The event brought together founders from the program’s Core Cohort, startups based across the U.S., © 2025 Firmworks, LLC.

Technology

CPA Practice

AUGUST 5, 2025

Jason Bramwell Private equity-backed tax and accounting firm Prosperity Partners said Tuesday it has acquired Vienna, VA-based transaction services firm Pipaya. The firm provides tax advisory, tax consulting, tax preparation, valuation, outsourced back-office accounting, fractional CFO, litigation support, and startup business services.

Virginia

Accounting Today

JUNE 9, 2025

As youve probably heard, theres a lot going on on the tax front in Washington, D.C., Its got a host of tax provisions and some other provisions that could affect their profession in it as well. But were just going to really talk about the tax provisions right now that affect that. All rights reserved. as we record this.

Washington

Accounting Today

JULY 10, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases. Augusta, Georgia: Two ghost preparers have pleaded guilty to a tax scheme. All rights reserved. By Jeff Stimpson July 10, 2025, 6:14 p.m.

Tax

CPA Practice

JULY 25, 2025

Section 1202 provides for a substantial exclusion of gain from federal income taxes when stockholders sell qualified small business stock (QSBS). [1] Additional information can be found on our QSBS & Tax Planning Services page. By Scott W. This article first appeared on the Frost Brown Todd website. Used with permission.]

income tax

Going Concern

APRIL 11, 2025

The rule change that could blow open US law [ Financial Times ] Large accounting firms have long coveted the legal fees that lawyers in California and elsewhere receive for serving their best clients, the general counsels of 10 large law firms noted in a tetchy public letter arguing against liberalisation in Arizonas neighbour in 2019.

audit

Going Concern

JULY 18, 2025

These are hand-picked tax, audit, and accounting professionals with all kinds of experience sure to meet your needs. Tax The Risk of California FTB Audits is Increasing [ JD Supra ] Did you know that the number of California FTB audits is increasing when compared to the trend of IRS audits in 2025?

audit

CapataCPA

FEBRUARY 18, 2025

Tax Relief for Los Angeles County Wildfire Victims: Extended Deadlines & Property Tax Relief In response to the devastating wildfires in Los Angeles County, federal and state authorities have announced significant tax relief measures for affected taxpayers. Calendar-year tax-exempt organization returns due May 15, 2025.

Tax

TaxConnex

JULY 31, 2025

There’s always something changing in the world of sales tax, and this year has been no exception. Louisiana, for instance, hiked its sales tax and made its combined rate among the highest in the country. Kansas finally dropped its sales tax on some groceries to zero. Here’s a look at the major trends. Rates elevator.

Sales

CPA Practice

JULY 7, 2025

What’s the difference between business registration and tax registration? There may also be legal and tax benefits to registering your business. This allows you to pay federal taxes and hire employees. How much does it cost to register my business? What’s the difference between registering a business and licensing a business?

Technology

CPA Practice

AUGUST 1, 2025

via TNS) The Internal Revenue Service is poised to discontinue its Direct File program, which allows millions of Americans to file their taxes for free, drawing criticism from some Democrats. During a tax summit on July 28, IRS Commissioner Billy Long said the cost-free service is “gone,” according to Bloomberg Tax.

Technology

CPA Practice

JULY 9, 2025

Among the winning companies are: Mi Terro (Los Angeles, California): Leverages big data to create compostable, fossil-fuel alternative biomaterials made from plant-based agricultural waste. The event brought together founders from the program’s Core Cohort, startups based across the U.S., debt on the economy. © 2025 Firmworks, LLC.

Technology

Withum

JULY 16, 2025

The bill includes a variety of tax items that will impact auto dealer business taxes, personal income taxes and estate and gift taxation. Business Tax Provisions Section 168(k) “Bonus” Depreciation The bill permanently extends 100% bonus depreciation for qualified property acquired after January 19, 2025.

Rhode Island

CPA Practice

JULY 24, 2025

Before adjusting for seasonal factors, initial claims plummeted by more than 45,000, led by big states like New York and California, as well as in Michigan, Missouri and Ohio—which are home to car factories. With assistance from Chris Middleton. © 2025 Firmworks, LLC.

Technology

CPA Practice

OCTOBER 22, 2024

In this white paper, we break down the key federal payroll laws, explore important compliance insights, highlight the role of technology, and provide practical tips for maintaining compliance. federal payroll compliance is an ongoing process that requires vigilance and dedication.

payroll

CPA Practice

JULY 4, 2025

House sent a bill to President Donald Trump’s desk that kills tax credits of up to $7,500 for EV customers that were part of the 2022 Inflation Reduction Act. However, the tax credits helped fuel an EV market far more robust and affordable than drivers enjoyed before the rebates kicked in two and a half years ago.

Tax

ThomsonReuters

JULY 14, 2025

The oil and gas industry operates in an extremely complex and ever-evolving tax environment , one that presents a multitude of challenges for those involved in tax planning and compliance efforts. Which taxes apply to oil and gas companies? Aside from the taxes that most international companies pay (e.g.,

North Carolina

RogerRossmeisl

SEPTEMBER 26, 2021

California Assembly Bill No. 50 (AB-50) established the California Main Street Small Business Tax Credit II, which will provide COVID-19 financial relief to qualified small business employers. Small Business Tax Credit. The credits are reserved on a first-come, first-served basis.

Maine

RogerRossmeisl

AUGUST 15, 2021

On 7/16/2021, Governor Newsom signed into law AB-150, which provides a means by which certain pass-through entities (Qualified Entities) can make an election to pay California income tax (at the entity-level) on behalf of their owners, for which their consent must be given. Curiously the IRS has approved.

California

TaxConnex

MARCH 18, 2021

Wayfair created enormous changes for businesses making remote sales into the states related to sales tax. Could Wayfair have also impacted the way you manage your state income tax obligations? Sales Tax Perspective. Sales tax nexus can be physical or economic – or both. Sales Tax Implications of Wayfair.

income tax

TaxConnex

SEPTEMBER 10, 2024

When you sell across multiple states – or even within various localities in a single state – one striking observation emerges: the consistent inconsistency of sales tax rates. The federal income tax has just seven brackets to cover the whole span of what somebody can make. Why do sales tax rates have to be so complex?

Rhode Island

RogerRossmeisl

NOVEMBER 17, 2020

The California Legislature passed, and the governor signed, Senate Bill 1447 (click here for FTB Bill Analysis) into law creating a new small business hiring credit (SBHC) for small businesses impacted by economic disturbances in 2020. The post California Small Business Hiring Credit FAQs appeared first on Roger Rossmeisl, CPA.

California

TaxConnex

MARCH 31, 2022

One such phrase is “sales and use tax.”. We sure know what “sales” tax is. What about Use Tax? Use tax is defined ?as as a tax on the storage, use or consumption of a taxable item or service on which no sales tax has been paid. Use tax or sales tax is due on a sale, but not both. Your ‘choice’.

Alabama

TaxConnex

OCTOBER 7, 2021

There’s always something changing in the world of tax, especially sales tax. There are currently five states with no state-level sales tax. Alaska has long heard rumblings of a statewide sales tax. First came the state’s Remote Seller Sales Tax Commission of municipalities banding together to tax sales.

West Virginia

TaxConnex

AUGUST 18, 2022

A lot of times regarding sales tax, the answer to any question is, “It depends.” Covid created unique conditions for companies that must collect and remit sales tax, including many temporary breaks regarding worker locations. has long included employees working in tax jurisdictions different from your office locations.

Sales

TaxConnex

MARCH 1, 2022

It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how? For some 90 years, states have levied sales tax on goods (West Virginia was the first to do so , in 1921). Sourcing is huge.

South Dakota

MyIRSRelief

OCTOBER 28, 2022

In case you were not aware of what the FTB is, it is the California board that is responsible for collecting all of the personal income tax and business franchise taxes that are assessed every year for people and companies in California. The board uses several methods to collect owed taxes.

California

CPA Practice

MAY 8, 2023

Reducing taxes is one way to cut costs, and sometimes moving from a high-tax state to a low-tax state can eliminate thousands of dollars in expenses year after year. Tennessee, Texas, and Florida are among the most commonly moved-to states, and it just so happens that these states don’t tax income.

New York

TaxConnex

JULY 25, 2023

In addition to state and local taxes, your business may also be subject to various federal and state regulatory obligations. Most taxes are administered by the state Departments of Revenue (DOR) and local jurisdictions. The remainder of this blog will discuss the various tax requirements for a telecom company. to 7 percent.

Tax

MyIRSRelief

OCTOBER 3, 2022

If you own a property, a business, or are employed, you’ll likely have to pay taxes. According to the 16th Amendment in our Constitution, individuals are required to pay taxes from income sources. Taxes can be broken down into three categories: what you purchase, what you own, and what you earn.

tax services

RogerRossmeisl

MARCH 28, 2022

You may have wondered why, in a given year, you may be taxed on more S corporation income than was distributed to you from the S corporation in which you are a shareholder. The answers lies in the way S corporations and their shareholders are taxed. entity-level tax).

income tax