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What's new in state sales and use taxes

TaxConnex

The state made permanent the sales and use tax exemption for tangible personal property sold to or used by a hospital owner that owns one or more hospitals licensed under the Hospital Licensing Act or operated under the University of Illinois Hospital Act, or a hospital affiliate that is not already exempt and meets the criteria for an exemption.

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What If you can’t pay your self assessment income tax bill on time

Menzies

If you find in this time of uncertainty that you are unable to pay your self assessment income tax liability, there is help at hand. How you contact HMRC will depend on how much tax you have to pay (see below). Menzies LLP - A leading chartered accountancy firm. I AM UNABLE TO PAY MY 31 JANUARY 2024 LIABILITY – WHAT SHOULD I DO?

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Andersen Expands Presence in SoCal, Adds New Offices in Des Moines and Pittsburgh

CPA Practice

Collectively, the professionals joining Andersen deepen the firm’s expertise serving high net worth individuals, families, and businesses across a range of industries, including real estate, manufacturing, construction, professional services, hospitality, entertainment, technology, retail, financial planning, and agriculture.

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Hawaii to Offer Tax Amnesty to Switch Short Term Rentals to Long Term

CPA Practice

All outstanding taxes for gross income, gross rental, or gross rental proceeds received for furnishing the property as a Hawaii short-term rental must be paid. However, the income tax exemption was struck. To discover more, read the lodging tax changes chapter of the Avalara Tax Changes 2024 report.

Hawaii 116
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Tax Credits You May Claim Now

MyIRSRelief

That’s why so many people choose to hire a tax preparer/ EA, Attorney, CPA, they don’t want the hassle of doing it themselves, and they trust an expert to handle their business. Tax credits to look out for. Earned Income Tax Credit (EITC). Fix and flip businesses, which renovate residential properties.

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Friday Footnotes: Firms on India Hiring Spree; PCAOB Heads Overseas; PwC Lets You See Your Family This Summer | 5.6.22

Going Concern

The claim, which relates to a seven-year period in which EY was engaged to oversee the hospital operator’s accounts, was filed at the High Court in London on Thursday, according to press reports. Alvarez & Marsal Launches $2.5B billion claim against Big Four auditor EY for alleged negligence.

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??Tax Attorney Weighs In on Payroll Tax Provisions in FY 2024 Budget?

ThomsonReuters

Its use poses a unique issue for employers in terms of constructive receipt.  In general, wages are taxable for federal withholding tax, FICA taxes, and FUTA when the employee is paid the wages and not when they are earned. This is known as constructive receipt. 31, 2025 the Work Opportunity Tax Credit under  Code Sec.