CPA Practice

MARCH 31, 2023

tax data, however, suggests at least one super-wealthy individual flew under the radar until the very end. 28, 2023: The deposit of $7 billion in the category of “estate and gift” taxes. It was the highest collection of that kind of tax since at least 2005. It was the highest collection of that kind of tax since at least 2005.

Tax 132

Tax tax return income tax Pennsylvania 132

CPA Practice

APRIL 25, 2024

The domestic sales tax landscape in the United States has been in a constant state of flux over the last decade. In fact, the 2023 Vertex End-of-Year Sales Tax Rates and Rules report shows that a total of 444 sales tax rate changes took place across all U.S. States continue to issue new fees, exemptions and tax holidays.

Sales 52

Sales Tax Minnesota Tennessee 52

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

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

CPA Practice

APRIL 22, 2024

The domestic sales tax landscape in the United States has been in a constant state of flux over the last decade. In fact, the 2023 Vertex End-of-Year Sales Tax Rates and Rules report shows that a total of 444 sales tax rate changes took place across all U.S. States continue to issue new fees, exemptions and tax holidays.

Sales 52

Sales Tax Minnesota Tennessee 52

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. Ann is a graduate of the Wharton School at the University of Pennsylvania.

Tax 52

Tax North Carolina Indiana CPA 52

CPA Practice

MARCH 18, 2024

Taylor, Kiplinger Consumer News Service (TNS) There’s another new tax in the state of Washington. The state’s Supreme Court recently upheld a controversial capital gains tax , which has been re-challenged in court and could be on the state’s ballot in November for potential repeal. Is long-term care insurance tax deductible?

payroll tax 59

payroll tax Washington payroll Tax 59

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.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

CPA Practice

MARCH 30, 2023

tax data, however, suggests at least one super-wealthy individual flew under the radar until the very end. 28, 2023: The deposit of $7 billion in the category of “estate and gift” taxes. It was the highest collection of that kind of tax since at least 2005. It was the highest collection of that kind of tax since at least 2005.

tax return 111

tax return income tax Tax Pennsylvania 111

CPA Practice

SEPTEMBER 6, 2023

That kind of money could turn any tax official’s head. But is the sale of an NFT subject to tax? While lawmakers and tax officials worldwide have at least 91.8 million reasons to ensure tax laws account for sales of NFTs and other new tech, crafting tax policies for NFTs is difficult. million nine months later.

Washington 121

Washington Pennsylvania Technology Tax 121

CPA Practice

JANUARY 3, 2024

Taylor, Kiplinger Consumer News Service (TNS) As we venture into the new year, 2024 brings a wave of changes in state taxes across the country. From gas taxes to property tax amendments and income tax cuts, being aware of these changes is crucial since state and local taxes are among the highest taxes most people pay.

Tax 128

Tax Kansas income tax Montana 128

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.

South Dakota 124

South Dakota Tax Maryland income tax 124

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.

Rhode Island 111

Rhode Island Alaska Tax New Hampshire 111

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.

Rhode Island 105

Rhode Island Alaska Tax New Hampshire 105

CPA Practice

JANUARY 10, 2024

With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers. With over a decade specializing in gambling taxes, this Las Vegas CPA has worked with everyone from professional poker players to casual sports bettors.

Gambling 80

Gambling Tax Account accountant 80

CPA Practice

AUGUST 29, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The most expensive states for millionaires tax high earners at high rates. And if you fall into the top federal income tax bracket , the IRS will tax some of your earnings at the 37% rate.) The top income tax rate is 11%. 9% or higher).

income tax 98

income tax Tax New Jersey Hawaii 98

Going Concern

FEBRUARY 26, 2024

And I’m also feeling a lot of guilt in looking back… — Brenda Cannon, CPA (@bsuecannon) February 23, 2024 The Marines have achieved the seemingly impossible : The U.S. ” Pennsylvania Auditor General Timothy L. Aaaaand now there’s one less tax preparer in Florida to handle the load.

audit 59

audit Mississippi auditor tax return 59

CPA Practice

APRIL 16, 2024

By Justin Sink, Bloomberg News (TNS) President Joe Biden and first lady Jill Biden paid $146,629 in federal income taxes on a combined $619,976 in adjusted gross income in 2023—meaning the first family paid an effective federal income tax of 23.7%—according according to tax filings released by the White House.

Tax 111

Tax income tax tax return Pennsylvania 111

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.

North Carolina 52

North Carolina Account accountant accounted 52

CPA Practice

MARCH 13, 2023

By Laura Weiss, CQ-Roll Call (TNS) House Republicans slammed the Biden administration’s tax proposals in a hearing with Treasury Secretary Janet Yellen on Friday, giving the president’s latest budget request an icy reception. She said China would not be allowed to evade charging taxes under the deal given its enforcement mechanism.

Tax 52

Tax Pennsylvania audit income tax 52

CPA Practice

MARCH 26, 2024

By Laura Davison, Bloomberg News (TNS) The progressive rallying cry of “tax the rich” has morphed into a popular policy stance with voters in the key states that will decide the 2024 election, enjoying support even among those who prefer billionaire Donald Trump, according to the latest Bloomberg News/Morning Consult poll.

North Carolina 69

North Carolina Wisconsin Nevada Tax 69