CPA Practice

JUNE 20, 2023

Variety (via TNS) Hunter Biden has been charged with illegally possessing a handgun in 2018 as well as two tax misdemeanors, for failing to file and pay taxes on time in 2017 and 2018, according to a court filing by the U.S. Attorney in Delaware. Clark, in a statement shared with Variety.

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CPA Practice

FEBRUARY 6, 2024

State and local taxes, also often referred to as SALT, are one of the most dynamic areas of tax practice, with thousands of jurisdictions across the U.S. imposing increases or newly-created taxes on real or other property. In response to the dismissal of the earlier state lawsuit, Apple Inc.

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Shay CPA

FEBRUARY 28, 2024

Don’t shoot the messenger: it’s time to do your taxes. Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. Very few founders enjoy doing their taxes. for 2024.

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CPA Practice

MARCH 21, 2024

Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership. Soroban GP challenged this increase in Tax Court. By Julie M. At the end of 2023, the U.S.

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CPA Practice

DECEMBER 19, 2023

11 in a Los Angeles court to respond to federal charges that he failed to pay taxes on millions of dollars he received from foreign businesses, court records show. Biden also faces a separate trial in Delaware on federal gun charges. Both trials would have been unnecessary under a plea deal he agreed to July in Delaware.

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CPA Practice

APRIL 3, 2024

A new study by WalletHub revealed that residents of New York state are burdened by taxes the most among the 50 states, while Alaska residents have the lowest tax burden. The following are some key findings from WalletHub’s study: As previously stated, New York has the highest overall tax burden, while Alaska has the lowest.

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CPA Practice

APRIL 9, 2024

A new study by WalletHub revealed that residents of New York state are burdened by taxes the most among the 50 states, while Alaska residents have the lowest tax burden. The following are some key findings from WalletHub’s study: As previously stated, New York has the highest overall tax burden, while Alaska has the lowest.

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Rhode Island Alaska Tax New Hampshire 105

CPA Practice

JANUARY 11, 2024

Kavanagh joins CohnReznick as Assurance Partner CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that Charles (Chuck) Kavanagh , CPA has joined the firm as an assurance partner. DeRose, CPA, CGMA, as its new Managing Director. LGA, LLP Welcomes Jeffrey S.

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CPA Practice

JANUARY 12, 2024

By Matt Hamilton, Los Angeles Times (TNS) Hunter Biden, the son of President Joe Biden, pleaded not guilty Thursday in downtown Los Angeles on federal tax charges—one of two criminal cases filed after the collapse of a plea deal that would have averted trial during the 2024 campaign season. The tax case in L.A.

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Delaware Tax tax return Entertainment 64

CPA Practice

APRIL 27, 2023

By Dave Goldiner, New York Daily News (TNS) A senior IRS agent says the agency has mishandled an investigation into Hunter Biden and is seeking whistleblower status to openly disclose concerns about the presidential son’s taxes. The White House said in a statement that the Hunter Biden probe has been handled “without interference.”

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CPA Practice

FEBRUARY 13, 2023

Regardless of the reason for wanting to unload property, they all likely have one common goal – to protect as much of their wealth as possible when they sell by reducing the taxes due when they sell an investment property. So each time your client conducts a 1031 exchange, they’re locking in value and deferring taxes.

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Real Estate Delaware Tax income tax 126

CPA Practice

APRIL 2, 2024

By James Queally, Los Angeles Times (TNS) A federal judge rejected Hunter Biden’s bid to dismiss multiple counts of tax-related offenses in an 82-page ruling handed down Monday, clearing the way for the president’s son to face court proceedings during the contentious 2024 election cycle. District Judge Mark C.

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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. These states allow for easier and faster tax calculations.

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income tax tax planning South Dakota Wyoming 52

CPA Practice

DECEMBER 11, 2023

By Matt Hamilton, Los Angeles Times (TNS) Hunter Biden, the president’s son, was indicted Thursday in Los Angeles on several federal tax charges, marking the start of a second criminal case that will proceed during his father’s reelection campaign. attorney in Delaware, as special counsel.

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Delaware Tax tax return California 52

Shay CPA

FEBRUARY 8, 2023

The Delaware Annual Filing is due on March 1st, just 3 weeks away. So make sure to be on the lookout for an email from your registered agent in Delaware. You will need your file number, which you can find on your articles of incorporation or by conducting a simple search on Delaware’s Division of Corporation website.

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Delaware CPA Maine Tax 13

Shay CPA

FEBRUARY 15, 2023

Don’t shoot the messenger: it’s time to do your taxes. Plus, getting things in order before you go to your accountant can streamline the process, helping you avoid extra expenses like troubleshooting services from your bookkeeper or rush-order billable hours with your CPA. Very few founders enjoy doing their taxes. for 2022.

Tax 52

Tax CPA bookkeeping tax preparation 52

Anders CPA

MAY 23, 2023

Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees.

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Shay CPA

DECEMBER 7, 2022

Before you shut down your tech company, you need to take some final tax steps. . We’ve seen founders left holding the bag in resolving tax issues, even years after they thought they had closed their companies. Sales tax accounts. State franchise and income tax accounts. You’re not there yet, though. Workers’ compensation.

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tax accountant Tax tax return Account 59

CPA Practice

JUNE 26, 2023

on July 1, after the sixth largest accounting firm in the nation by revenue officially changes from its current partnership structure to a professional services corporation based in Delaware. Even though partnerships aren’t taxed, they must file a tax return each year unless the partnership has no income or expenses.

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income tax tax return Delaware cpa firm 72

CPA Practice

MAY 3, 2023

Fernandez, Kiplinger Consumer News Service (TNS) For investors looking for a way to defer capital gains taxes when selling a real estate investment property, there are a variety of strategies to leverage depending on circumstances. Both of these strategies allow investors to defer capital gains taxes on the sale of their real estate.

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Real Estate Tax Delaware Washington 124

CPA Practice

APRIL 10, 2023

Still, whatever discomfort I experience when booking a room has nothing on what lodging platforms have to endure to comply with the multitude of lodging tax requirements in the United States. We talk a lot about how complicated sales tax compliance is at the Avalara Tax Desk, and it is. Sometimes you just have to go with it.

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CPA Practice

APRIL 19, 2023

By Evan Rosen, New York Daily News (TNS) The White House released President Biden’s tax returns on Tuesday, showing he and the first lady recorded an income of about $580,000 in 2022, just below their total from 2021. The release came Tuesday, the deadline for Americans to file their taxes with the IRS. for the first couple.

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CPA Practice

APRIL 12, 2023

million people across the nation (state-by-state list below) have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. billion in refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. The Internal Revenue Service says that nearly 1.5 The IRS estimates almost $1.5

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Rhode Island tax return Tax West Virginia 122

CPA Practice

OCTOBER 18, 2023

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

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business tax Tax Alaska South Dakota 59

CPA Practice

APRIL 21, 2023

By Dave Goldiner, New York Daily News (TNS) A senior IRS agent says the agency has mishandled an investigation into Hunter Biden and is seeking whistleblower status to openly disclose concerns about the presidential son’s taxes. The White House said in a statement that the Hunter Biden probe has been handled “without interference.”

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Delaware Tax New York Finance 52

CPA Practice

FEBRUARY 11, 2023

After several days of requests by taxpayers, state agencies and the National Taxpayer Advocate , the Internal Revenue Service has provided clarifying the federal tax status involving special payments made by 21 states in 2022. Alaska is in this group as well, but please see below for more nuanced information.

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Shay CPA

DECEMBER 2, 2022

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

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Tax CPA tax planning payroll tax 59

CPA Practice

DECEMBER 14, 2023

unless a judge rejects the government’s demand for $24 billion in unpaid taxes, the bankrupt company said in a court filing. FTX wants to set a quick schedule to estimate the claim; the IRS has argued that its audit is ongoing, so asking a judge to estimate how much FTX might owe in taxes is inappropriate. said in court papers.

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Anders CPA

MAY 15, 2023

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

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payroll tax payroll South Dakota Rhode Island 52

CPA Practice

FEBRUARY 22, 2024

Reasons 1, 2 and 3: Taxes, taxes, taxes By far the most compelling reason for most investors to structure their transaction as a 1031 exchange is that it allows them to defer the payment of capital gains taxes on the original sale. million would be facing a tax bill on the $400,000 capital gain.

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Real Estate Delaware Tax Sales 104

CPA Practice

JUNE 22, 2023

The committee also approved the release of a transcript of the private session, which was held because the documents included taxpayer information protected under section 6103 of the tax code. Shapley first contacted the House Ways and Means and Senate Finance panels in April, and in May testimony, told the committee that the Delaware U.S.

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Delaware tax return income tax Massachusetts 98

Going Concern

JULY 8, 2022

Plus, Pennsylvania accountant loves tax evasion, North Carolina CPA indicted on securities fraud charge, and Kentucky accountant gets jail time for sex trafficking. Hammer, who pleaded guilty in August 2018 to one count of filing a false tax return, was the financial officer for various companies controlled by Michael D.

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KROST

MAY 11, 2021

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue , titled “There are several tax incentives available to the real estate industry. Whether you invest in, build, design, or make significant renovations to real estate, a closer look at these opportunities could increase cash flow and/or reduce tax burden.”

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Real Estate Tax Delaware tax return 52

CPA Practice

JUNE 23, 2023

Fernandez, Kiplinger Consumer News Service (TNS) In the context of a 1031 exchange, “boot” refers to the portion of a transaction that doesn’t meet the tax-free criteria and thus becomes subject to immediate capital gains tax. State-level taxes are possible as well, based on an investor’s location.

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Delaware Real Estate Tax income tax 122

Shay CPA

NOVEMBER 14, 2023

The state of New York offers some serious tax perks for tech startups operating within its borders. Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax liability. And that could mean some notable tax savings.

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New York Technology corporation tax Delaware 52

Shay CPA

DECEMBER 27, 2023

Fortunately, as specialists in tech company tax compliance, we can guide you through what you need to know. Submit your final tax filings Some states (including Delaware) require you to get fully paid up on your taxes before you can dissolve your corporation. Acting fast might save you from being subject to 2024 taxes.

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general ledger Delaware Tax payroll 52

CPA Practice

DECEMBER 19, 2023

Incorporating at the End of the Year The primary advantage of incorporating before the end of the year is your clients can then take advantage of the tax benefits owning a corporation offers, including writing off the costs of incorporating on this year’s taxes.

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