article thumbnail

Top 200 Firm Smith + Howard Merges with Tennessee’s Market Street Partners

CPA Practice

103 in the top 500 accounting firms in the U.S. by INSIDE Public Accounting , Smith + Howard provides tax, accounting, and advisory services to businesses across the U.S. in the construction, distribution, hospitality, manufacturing, nonprofit, real estate, and technology sectors.

article thumbnail

What's new in May for state sales and use taxes

TaxConnex

Voters will likely be asked this fall if they’re willing to increase the city’s 5% sales tax to 6% during the summer in exchange for exempting food from sales tax year-round. Exclusions include sales of the services in fulfillment of a lump-sum, fixed-fee contract, or a fixed-price sales contract executed on or before Feb.

Sales 193
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will the IRS Deny Your Claim for the Employee Retention Tax Credit?

Withum

Did the taxpayer calculate gross receipts correctly, as such term is defined in §448(c) (or §6033 for tax-exempt entities)? Recall the taxpayer should use the same method of tax accounting — cash or accrual, that it used for tax purposes for the relevant tax year. Business Tax Services. Contact Us.

Tax 126
article thumbnail

2022 Year-End Tax Planning Checklist

Withum

Geography, such as distressed zones, enterprise zones, or tax-increment finance districts. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Year-End Tax Planning for Businesses. The corporate tax rate is currently a flat 21% rate. Energy credits. Not-for-profits.

article thumbnail

Business Tax Credits to Lower Your Tax Bill

xendoo

This guide goes over business tax credits that could save you money on taxes. You’ll also learn how to maximize their impact with the help of an experienced CPA or tax accountant. Small Business Tax Credits vs. Deductions Small business tax credits and deductions are valuable tools for reducing your tax bill.