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CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever

Going Concern

Once again @profjackc has tweeted a very important reminder for current CPA exam candidates and once again we’re here signal boosting said reminder because it’s important information. The post CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever appeared first on Going Concern.

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Hawaii was Best State at Preventing Covid Deaths

CPA Practice

Hawaii was one of the top-performing stats when it came to responding to the COVID-19 pandemic, according to study recently published in The Lancet. On the other hand, Hawaii did not fare so well when it came to employment and economic health, which tanked during the pandemic. Hawaii, under the leadership of former Gov.

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Sales tax and accounting services

TaxConnex

Tax preparers are generally accredited individuals – certified public accountant (CPA) and enrolled agent (EA) are two common preparer designations – who have completed previous and ongoing education to understand compliance for varied tax purposes. It’s that time of year again when everyone suddenly thinks about preparing their income taxes.

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How the 50 States Rank By Lifetime Taxes

CPA Practice

The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3% New York $1,658,872 $748,199 45.1%

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IRS Says State Issued Stimulus Payments are Not Taxable

CPA Practice

This means that people in the following states do not need to report these state payments on their 2022 tax return: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Maine, New Jersey, New Mexico, New York, Oregon, Pennsylvania and Rhode Island.

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What’s new in sales tax?

TaxConnex

Five states follow with 4% rates: Alabama, Georgia, Hawaii, New York and Wyoming. effective July, the most recent statewide rate reduction since New Mexico trimmed its sales tax rate from 5.125% to 5% in July 2022. Effective July 1, New Mexico’s state-level gross receipts tax rate also dropped from 5% to 4.875%.)

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How the 50 States Rank By Tax Burden

CPA Practice

The following is how the states rank by overall tax burden, with No. 1 being the highest and No. The following is how the states rank by overall tax burden, with No. 1 being the highest and No.