Shay CPA

JANUARY 17, 2024

ASAP: Check state deadlines While a lot of states follow the IRS’s lead and require tax filings by mid-April, not all do. Usually, there’s not a ton of deviation from the IRS’s date — Iowa requires corporate income taxes by April 30, for example. You still need to pay any taxes you owe by April 15. Disregard that.

Delaware 52

Delaware Tax income tax Iowa 52

CPA Practice

JANUARY 29, 2024

Filing electronically reduces tax return errors as the tax software does the calculations, flags common errors and prompts taxpayers for missing information. Taxpayers with income of $79,000 or less last year – and that’s most taxpayers – can use IRS Free File Guided Tax Software now through Oct 15.

tax return 116

tax return Tax income tax tax preparation 116

CPA Practice

AUGUST 15, 2023

Jared Ballew, 2022-23 Chair of the ETAAC and Vice President of Government and Industry Relations at Taxwell; and Ann Campbell, CPA CIA and Drake Software Trainer will share an overview of the cyber threats that taxpayers and tax professionals face daily. Gail Perry is the editor-in-chief of CPA Practice Advisor.

Tax 52

Tax North Carolina Indiana CPA 52

CPA Practice

JANUARY 17, 2023

Most states also require sellers to collect and remit local taxes (either city or county), so be sure your clients know to obtain the appropriate seller permits and tax account licenses to comply. Your client must provide the account numbers when filing returns and making deposits in all electronic and paper filings. .

South Dakota 111

South Dakota income tax Legal payroll tax 111

Going Concern

NOVEMBER 16, 2023

Top Freelance Accounting Candidates of this week: PT/FT Tax Contractor | Candidate ID #F19022786 Years of tax experience: 6 years of tax experience Hours available per week: 20-40 Tech Stack: ProConnect, Pro-Series, UltraTax and Go and Pro System Prefer Individual or Business Clients: no preference Business Return Experience: most comfortable with (..)

Account 62

Account accountant accounted CPA 62

Basis 365

APRIL 28, 2022

We have worked with a tax professional to outline some key considerations for what entity type you should be looking into. Before making any decisions, speak to your attorney and tax accountant to make sure you are the correct entity type at this time. You really should review this periodically as laws and tax code do change.

income tax 52

income tax tax return tax planning Legal 52

CPA Practice

JUNE 1, 2023

Drawing from cash will also keep your taxes low in your early years of retirement. This will allow you to move money from a traditional IRA, or any pre-tax account, into a Roth IRA at a potentially lower rate than what you would pay in the future. Basically, all the accounts you have yet to pay income taxes on.

Account 116

Account accountant accounted accounting and finance 116

Withum

MAY 10, 2024

Assuming the shareholder has a long-term holding period in the stock, the gain will be subject to a maximum tax rate of 20%, plus the 3.8% net investment income tax (NIIT), regardless of whether the shareholder is active in the business. Previously published in Construction Accounting and Taxation September/October 2023.

Construction 52

Construction Tax Non-Profits Sales 52

Anders CPA

MAY 25, 2023

Emergency Savings Accounts   Plan sponsors have been granted permission to add an emergency savings account to their retirement plan, which must be designated as an after-tax account. The withdrawn amount can be repaid over three years and the income taxes on the repaid amount would be refunded upon repayment.

Education 52

Education audit Tax income tax 52

xendoo

APRIL 8, 2022

A tax deduction and tax credit can both save you money on taxes, but they are different terms. . Tax deductions can lower the amount of taxable income. For example, tax brackets–a range of annual income–are used for income tax. Employee benefits.

business tax 97

business tax Tax Education tax preparation 97

Shay CPA

MAY 1, 2024

Employment taxes based on the employee’s location Even if the employee working from across state lines doesn’t establish a sufficient nexus to subject you to, say, sales tax in that state, you probably need to consider income tax. Again, this hinges on state law, and it can get complicated.

Tax 52

Tax income tax New Jersey Education 52

Anders CPA

MARCH 25, 2024

Mistake #1: Using One Bank Account for Multiple Purposes Solution: Have an operating account, a cash reserve account, a tax account, and a client trust account. Operating account and cash reserve: You’ll want to set up two accounts for your working capital: an operating account and a reserve account.

tax accountant 116

tax accountant accounting and finance Tax Start-ups 116

xendoo

JANUARY 16, 2023

Understanding your entity type and requirements is the first step toward filing your taxes accurately and efficiently. Tax laws are constantly changing, and it can be challenging to keep up with the latest revisions. A professional tax advisor or CPA can accurately file your business taxes on time.

business tax 52

business tax Tax income tax payroll tax 52

xendoo

JANUARY 30, 2023

An experienced tax professional can identify which credits you’re eligible for and even file them for you. 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.

business tax 52

business tax Tax tax return income tax 52

Going Concern

JULY 14, 2023

Prior to joining DLA, John served as a Partner with two National professional services firms, where he was the subject matter expert on business combinations, impairment analysis, income tax accounting, stock compensation, revenue recognition, and going concern analysis.

North Carolina 98

North Carolina accounting firms accounting and finance audit 98

Going Concern

JANUARY 26, 2024

“It is reflective of a declining population of individuals who are pursuing those degrees that would allow them to sit for the CPA exam, but that’s coupled with the fact that there’s less students in general,” Grzes said. This survey reflects many of the challenges that professionals in CPA firms of all sizes are currently facing.

Account 117

Account accountant accounted audit 117