CPA Practice

AUGUST 5, 2025

Jason Bramwell Accounting August 5, 2025  Platform Accounting Uncorks New Opportunities The Northern California-based accounting firm AWG Wine Advisors, formerly Allen Wine Group, has joined Platform Accounting Group. Jason Bramwell Mergers and Acquisitions August 5, 2025  Calvetti Ferguson Acquires Randy Walker & Co.

Virginia

Withum

DECEMBER 17, 2024

It is important to note the TCJA sunsetting will not eliminate the 21% corporate tax rate. As an example, owners of S Corporations and Partnerships currently have the potential to pay taxes up to a 37% federal income tax rate.

Tax

Accounting Today

JUNE 26, 2025

Individuals disciplined include: California: Enrolled Agent William E. San Jose, California: Execs Lalo Valdez and Matthew Olson have pleaded guilty to not paying over employment taxes to the IRS. Olson was also one of the owners and operators of a day spa in Saratoga, California. All rights reserved.

Tax

Accounting Today

JUNE 9, 2025

So youre in New York, you get a job in California, you relocate. We know New York, but, Neil Fishman (17:57): But the big thing was Dan Hood (17:58): New Jersey, Illinois, California all have Neil Fishman (18:01): Similar places. All rights reserved. 10:52): The moving expenses again remains only if youre an active duty military.

Washington

Accounting Today

JULY 10, 2025

Brown and other ghost preparers who worked with him falsified 63 federal income tax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds. Hollywood, California: Kevin J. He owned and operated We Are Taxes and boasted that "Everyone Gets a Check!" All rights reserved. in restitution.

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.

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

CPA Practice

JULY 7, 2025

A tobacco license is typically pricey and an alcohol license can cost even more: The application fee for a general priority license that permits the sale of beer, wine, and distilled spirits in California costs more than $17,000. Such licenses often need to be renewed on an annual basis, for a fee.

Technology

CPA Practice

AUGUST 1, 2025

It was later expanded to include 25 states, including California, New York, Florida, Texas, Illinois, North Carolina and Pennsylvania. Residents of these 25 states reporting W-2 wage income, Social Security income, retirement income, and other credits and deductions are able to use the free service.

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.,

Technology

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.

Technology

CPA Practice

OCTOBER 22, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

payroll

CPA Practice

JULY 4, 2025

It has frozen a $5 billion federal plan to build charging stations, primarily along rural interstate corridors and in low-income communities. The White House has also promised to lower regulations on tailpipe emissions and moved to block a California policy to ban gasoline-powered car sales by 2035.

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. In most cases, severance taxes can be deducted from a company’s federal corporate income tax.

North Carolina

MyIRSRelief

OCTOBER 3, 2022

According to the IRS, in 2019, Los Angeles county residents had 4,806,030 total 1040 tax returns. The minimum combined 2022 sales tax rate for Los Angeles County, California is 10.25%. This is the total of state and county sales tax rates. The California state sales tax rate is currently 6%.

tax services

Withum

AUGUST 24, 2023

The choice of where to establish one’s residency prior to a liquidity event can have far-reaching implications regarding income taxes and personal financial goals. Make sure you are considering the type of income when implementing state income tax planning techniques.

income tax

CPA Practice

JUNE 5, 2023

But the NBA Finals—and other sporting events—are connected to taxes in a big way. That’s partly due to a lucrative income tax imposed by all but five states known as the “jock tax.” And professional athletes aren’t the only ones affected by the tax. What is the jock tax? The tax has an interesting history.

income tax

Withum

FEBRUARY 29, 2024

However, unlike Social Security tax, the annual Medicare tax withholding is based on 100% of the employee’s annual gross salary (with limited exceptions such as employee’s contributions to employers’ medical plans). Next, let’s review his State tax liability.

income tax

Withum

FEBRUARY 29, 2024

However, unlike Social Security tax, the annual Medicare tax withholding is based on 100% of the employee’s annual gross salary (with limited exceptions such as employee’s contributions to employers’ medical plans). Next, let’s review his State tax liability.

Tax

MyIRSRelief

APRIL 3, 2023

Tax Planning and Preparation: An accountant (EA or CPA) can help small business owners navigate the complex world of tax laws and regulations, ensuring compliance and minimizing tax liabilities. Q: What can an accountant do to help with tax planning and preparation?

accounted

Withum

NOVEMBER 17, 2022

The Wayfair case validated economic nexus for sales tax purposes and amplified economic nexus for income tax purposes, signaling to all states that economic nexus is sound law. Although many businesses might be subject to nexus, with proper planning, income tax burdens can be alleviated or reduced with sales-sourcing analysis.

tax planning

Withum

SEPTEMBER 6, 2024

The landscape of estate and tax planning has undergone a substantial transformation due to the Tax Cuts and Jobs Act of 2017 (TCJA), which effectively doubled the federal estate exemption to over $11 million (indexed for inflation to $13,610,000 in 2024) and is not scheduled to sunset until the end of the 2025 tax year.

New Jersey

MyIRSRelief

APRIL 22, 2024

Discuss Payment Options: If you owe taxes, discuss payment options with your advisor. Form 941 is used by employers to report income taxes, social security tax, or Medicare tax withheld from employees’ paychecks. Problems with payroll taxes are serious and require immediate attention.

Tax

xendoo

FEBRUARY 15, 2022

If you own a business or earn a significant income, you may be wondering how to manage your tax situation and how much a tax consultant costs. There is a lot to consider when weighing the costs and benefits of hiring a tax consultant. A tax consultant can help with any of these issues. Complexity of Services .

tax consultant

CPA Practice

AUGUST 22, 2023

Once finalized, the merger will bring five partners and 20 staff into Eide Bailly and extend the firm’s footprint in California and the Greater Seattle area. “We With this shared vision, we are eager to contribute to the collective success and to forge a path of continued excellence together.”

cpa firm

KROST

FEBRUARY 14, 2022

On February 9, 2022, the California Governor signed Senate Bill 113 (SB113). SB113 addresses numerous tax provisions, including correction to issues related to Assembly Bill 150 (AB150). SB113 addresses most of these including: Repeal of the Tentative Minimum Tax limitation of the Passthrough Entity Elective Tax Credit.

California

CPA Practice

OCTOBER 23, 2024

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Rhode Island

CPA Practice

SEPTEMBER 12, 2024

Avantax Welcomes $60M Advisor Ali Kazemi and His Northern California-based Sentinel Financial Group Avantax, a Dallas-based leader in tax-intelligent financial planning and wealth managemen, recently welcomed Ali Kazemi, a seasoned financial services industry veteran with 30 years of experience.

Kansas

ThomsonReuters

JANUARY 16, 2024

The earned income tax credit (EITC) is determined based on a taxpayer’s earned income from wages and other sources. The earned income tax credit (EITC) is determined based on a taxpayer’s earned income from wages and other sources. How is the EITC changing?

Tax

CPA Practice

AUGUST 26, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve? million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve?

Rhode Island

CPA Practice

SEPTEMBER 20, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces? million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?

Rhode Island

CPA Practice

SEPTEMBER 3, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use? million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use?

Rhode Island

CPA Practice

JULY 19, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system? million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system?

Rhode Island

LyfeAccounting

JUNE 7, 2021

Did you know that some countries have zero income taxes? If you use places like Dubai, Monaco, or the Bahamas as your primary residence then you don’t have to pay any taxes. Well, there are other states that give you great tax benefits as well. Not into changing your citizenship? Tip #4: Make Charitable Donations.

Legal

LyfeAccounting

JULY 22, 2021

Hawaii also has the second-highest income tax in the country coming in at 11%. That’s 11 times more than other states like F lorida and Texas who virtually have no income tax at all. For some perspective, that’s $100,000 more than the homes in California. The median home value is $601,000.

South Carolina

LyfeAccounting

JULY 22, 2021

Hawaii also has the second-highest income tax in the country coming in at 11%. That’s 11 times more than other states like F lorida and Texas who virtually have no income tax at all. For some perspective, that’s $100,000 more than the homes in California. The median home value is $601,000.

South Carolina

CTP

JULY 1, 2024

Formulating a tax strategy is just the first step in moving your clients toward tax savings. The best-laid plan will be useless without an implementation strategy. If you use a tax planning software solution like Tru Tax Planner , you will have access to ready-made implementation guides for even complicated tax strategies.

Tax