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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. By Nellie Akalp. Filing tax returns and remitting payments on time.

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Here Are the 40 Elijah Watt Sells Award Winners for 2023

CPA Practice

The AICPA last week announced the 40 winners of the 2023 Elijah Watt Sells Award, granted to CPA candidates who obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections of the exam on their first attempt, and completed testing in 2023.

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Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Going Concern

Sioux Falls CPA firm marks century in business [ SiouxFalls.Business ] The fourth-generation Sioux Falls firm Nelson & Nelson CPAs celebrates 100 years in business, providing tax, accounting, payroll and bookkeeping services. Nelson & Nelson CPAs is the oldest existing accounting firm established in South Dakota.

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How to Expand a Business to Another State

CPA Practice

Since the Supreme Court ruling on the South Dakota v. Nellie and her team recently launched a partner program for accountants, bookkeepers, CPAs, and other professionals to help streamline their clients’ business incorporation and compliance process. Is There Nexus? More info at: CorpNet.com/partners.

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SMB Tax Complexity Preserves Role For The Human Accountant

PYMNTS

While doing so may be more cost-effective than hiring a big-time accounting and consulting firm, there are inevitable points in the accounting process that cannot be managed with automated software alone, meaning small business owners must take on the burden of figuring out complex processes that even CPAs can struggle to manage.

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How SUI and State Income Taxes Affect Small Businesses

CPA Practice

Plus, currently, nine states do not levy a state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming, although Washington does impose a state capital gains tax. Some states have a progressive tax rate based on salary, while others charge a flat SIT rate.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

A professional tax advisor or CPA can accurately file your business taxes on time. Xendoo’s bookkeepers and CPAs are familiar with tracking and remitting sales tax for all types of businesses, including ecommerce. We have expert bookkeepers, accountants (CPAs), and tax specialists in-house. Xendoo is an all-in-one service.