CPA Practice

JULY 12, 2023

Inevitably, your clients with growing businesses will want to hire, so you’ll be better able to help them if you have a clear understanding of the differences between SUI (state unemployment insurance) and SIT (state income tax) and how they affect your clients’ businesses. Some states require employers to pay additional payroll taxes.

income tax 98

income tax Tax South Dakota Alaska 98

Randal DeHart

NOVEMBER 25, 2022

Depending on the nature of your construction business, you may have workers who are employees or contractors, or you may have both. Each has its merits, but it's important to review which are to meet your tax obligations. When you have an employee, you must withhold income tax and report on additional benefits.

Construction 81

Construction payroll tax payroll income tax 81

Cherry Bekaert

FEBRUARY 7, 2024

Taxation Considerations Similar to S corps, LLCs (and partnerships) are considered “pass-through” entities in which a business’s income and expenses flow through to the partners and are reported on the partners’ personal income tax returns. This means that the partnership does not pay income tax.

Real Estate 103

Real Estate Tax income tax Legal 103

Cherry Bekaert

JUNE 30, 2023

How the Real Estate and Construction Industry Benefits from the Inflation Reduction Act of 2022 R&D Tax Credits: 2022 Year in Review CHIPS Act Provides New Federal Funding for the Industrial Manufacturing Industry Questions?

accounting and finance 95

accounting and finance Finance Account accountant 95

Withum

MARCH 3, 2023

The remaining five states do not impose a sales tax. To get started, you will need the following: Where the company currently files income tax, payroll tax, unclaimed property, and sales tax. Our team is staffed with dedicated professionals with many years of state and local tax experience.

South Dakota 52

South Dakota Tax Real Estate payroll tax 52

xendoo

JANUARY 30, 2023

Startups that have less than $5 million in annual gross receipts could apply up to $250,000 of the credit to offset payroll taxes. Since the IRS calculates the tax credit amount based on the amount a company spends on R&D, most early-stage startups don’t qualify for the full amount. For non-profits, it is up to 35%.

business tax 52

business tax Tax tax return income tax 52

MyIRSRelief

NOVEMBER 19, 2021

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.

Tax 100

Tax CPA Education business tax 100