CPA Practice

DECEMBER 22, 2023

Top 200 accounting firm Honkamp recently added one of the 20 largest CPA firms in the St. Louis, Honkamp has eight offices in Iowa and Wisconsin. “We are excited to announce this expansion, which will enable us to extend world-class service and groundbreaking solutions to an even broader spectrum of clients.” In addition to St.

cpa firm 52

cpa firm CPA Iowa Wisconsin 52

CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. Social Security Tax : Employers and employees each contribute 6.2%

payroll tax 110

payroll tax West Virginia payroll cpas 110

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 106

Rhode Island Alaska Tax New Hampshire 106

CPA Practice

MAY 3, 2024

Sales tax holidays are all the rage right now. There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024. If you’re in retail, hang on to your hats and read our sales tax holiday FAQ to learn: What is a sales tax holiday? Do all states have a tax holiday? By Gail Cole.

Sales 119

Sales Tax Nevada West Virginia 119

Going Concern

FEBRUARY 16, 2024

This is according to the Illinois CPA Society (ICPAS), which surveyed 449 employers and 433 accounting and finance employees last summer and released its results last month. According to a lobbyist for the Iowa Society of Certified Public Accountants, fewer CPA firms are willing to audit government agencies.

Real Estate 104

Real Estate Iowa audit CPA 104

CPA Practice

DECEMBER 18, 2023

The AICPA Leadership Academy was created to inspire, nurture and empower the next generation of diverse CPA leaders by providing them with advanced leadership training. The program is led by Elizabeth Burkhalter, CPA, Senior Manager of the AICPA & CIMA Diversity and Inclusion team’s Emerging Professional’s Initiatives.

cpas 122

cpas CPA Iowa Oklahoma 122

CPA Practice

FEBRUARY 27, 2023

Hundreds of Iowans did not get their correct federal tax refund due to a clerical error by the state revenue department, the department confirmed Friday, and state money will be used to fix the mistake. As a result, the department issued an erroneous calculation, which local governments use to set their property tax rates.

Iowa 52

Iowa Tax tax return Government 52

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

Shay CPA

JANUARY 17, 2024

The beginning of a new calendar year means every business owner needs to put some thought into tax filings. Beyond filing for your own company, you also have fast-approaching responsibilities pertaining to your employee’s taxes and their ability to file. A big change went into effect for your contractors for the 2023 tax year.

Delaware 52

Delaware Tax income tax Iowa 52

CPA Practice

AUGUST 3, 2023

This list includes every back-to-school sales tax holiday this summer, from July 27, 2023, through the end of August. Rules for tax-free shopping can vary from state to state. So, just because something is tax-exempt in one state doesn’t mean it will be in another. Does Summer Camp Qualify for a Childcare Tax Credit?

Sales 96

Sales South Carolina West Virginia Tax 96

Going Concern

MARCH 15, 2024

State CPA institute says proposed rule change would put audit professionals at risk [ Central Penn Business Journal ] A new proposal by the Public Company Accounting Oversight Board (PCAOB) has the Pennsylvania Institute of Certified Public Accountants up in arms. Fifty-one percent oppose the proposal, compared with 43% who are in favor.

auditor 113

auditor audit cpas Iowa 113

TaxConnex

AUGUST 4, 2022

Laws governing marketplace facilitators popped up when states saw that platforms were charging sales tax on the sale of their own or certain third-party sales but not on all sales. This produced a gap in tax collection. Recently Hawaii, Texas, Wisconsin, Illinois, Michigan, Iowa, Louisiana and North Carolina added laws.

Wisconsin 130

Wisconsin North Carolina Michigan Iowa 130

Going Concern

MARCH 10, 2023

Deloitte, EY Offer Competing Tools to Curb Carbon Emissions [ Bloomberg Tax ] Big Four rivals Deloitte and Ernst & Young announced Wednesday similar offerings to help companies weigh options to reduce their emissions of planet-warming greenhouse gases. deficit grows to $262 billion in February as tax refunds surge [ Reuters ] The U.S.

Tax 109

Tax auditor audit accounting and finance 109

CPA Practice

APRIL 21, 2023

So it was a huge win on Tuesday when Ford’s F-150 Lightning became one of just 10 vehicles to qualify for the full $7,500 in tax breaks laid out by the Inflation Reduction Act. The tax credits also only apply to new EVs with a sticker price below $55,000, or trucks and SUVs priced under $80,000. or don’t use American parts and pieces.

South Carolina 111

South Carolina Tax Iowa Colorado 111

Xero

JULY 7, 2022

I am originally from Naperville, Illinois and I’m currently a senior studying accounting and business analytics at the Tippie College of Business at the University of Iowa. I plan to pursue the five year Masters of Accountancy program that will allow me to qualify for the CPA exam. What inspires you to pursue this effort?

Iowa 73

Iowa accounting and finance Illinois bookkeeping 73

CPA Practice

JANUARY 3, 2024

Sales tax holidays are all the rage right now. There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024. If you’re in retail, hang on to your hats and read our sales tax holiday FAQ to learn: What is a sales tax holiday? Do all states have a tax holiday?

Sales 78

Sales Nevada Tax West Virginia 78

CPA Practice

JANUARY 12, 2024

By Caitlin Reilly, CQ-Roll Call (TNS) A bipartisan, bicameral $70 billion tax agreement taking shape on the Hill is drawing mixed reviews, pointing to potential challenges ahead for Senate Finance Chair Ron Wyden and Ways and Means Chairman Jason Smith. said, referring to the child tax credit. “In Thom Tillis, R-N.C.,

Tax 98

Tax Idaho Iowa New York 98

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

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

Going Concern

OCTOBER 9, 2023

The new findings will be published and shared to bring awareness of, and renew focus on, the most relevant and effective strategies to promote the CPA credential and ensure its sustainability and relevance moving forward. The 2017 tax law assessed a mandatory one-time tax of up to 15.5% Who says accounting doesn’t pay??

Account 67

Account accountant accounted Iowa 67

CPA Practice

DECEMBER 14, 2023

Jeri Beckham, Texas Joan Bengford, Iowa Velma Bjorgum, N.D. Jody Ehlers, Iowa Erick Enriquez, N.J. James Gobeli, Iowa Melissa Gourgues, La. Calvetti Ferguson introduces new partner Calvetti Ferguson, a nationally recognized middle-market CPA firm, has proudly introduced Nicholas McClay as their newest partner in Nashville.

Iowa 52

Iowa Texas Utah Ohio 52

CPA Practice

AUGUST 11, 2023

By Laura Weiss, CQ-Roll Call (TNS) Some House Republicans defending vulnerable seats in the 2024 elections are working on an expansion of the child tax credit and view it as a priority in discussions about broader tax legislation this fall. An impasse on if or how to bolster the benefit has now held up tax negotiations for a year.

Tax 52

Tax Iowa Arizona North Carolina 52

CPA Practice

JULY 18, 2023

If you’re part of that rising tide, you need to know how to tax shipping and delivery charges. Charges for a company to deliver goods in its own vehicle are often taxed differently than charges for delivery by common carrier or private carrier. or “Is there sales tax on U.S. What follows are general guidelines, not tax advice.

Sales 98

Sales Retail Tax West Virginia 98

CPA Practice

JUNE 1, 2023

The coalition includes the following organizations: AICPA Latino Tax Pros National Association of Black Accountants, Inc. NSBCPA) National Society of Tax Professionals (NSTP) Padgett Business Services The Diverse Organization of Firms (DOF) H&R Block Prosperity Now.

institute of chartered accountants 111

institute of chartered accountants chartered accountant North Dakota Wisconsin 111

CPA Practice

FEBRUARY 5, 2024

TNS) In a rare show of bipartisan lawmaking, the House of Representatives on Wednesday overwhelmingly passed a bill that would expand the child tax credit for parents and restore a set of tax breaks for businesses, but its fate in the Senate is uncertain. It also includes a change to the Low-Income Housing Tax Credit—championed by Sen.

Idaho 50

Idaho Tax Iowa Kentucky 50

CPA Practice

JUNE 6, 2023

While private equity firms getting into bed with accounting firms has been all the rage lately , the Creative Planning/BerganKDV deal is believed to be the first involving a wealth management firm purchasing a large CPA firm. Never before has a top 60 CPA and advisory firm been acquired by a major wealth management firm.

South Dakota 52

South Dakota cpa firm Nebraska Iowa 52

CPA Practice

JUNE 6, 2023

While private equity firms getting into bed with accounting firms has been all the rage lately , the Creative Planning/BerganKDV deal is believed to be the first involving a wealth management firm purchasing a large CPA firm. Never before has a top 60 CPA and advisory firm been acquired by a major wealth management firm.

South Dakota 52

South Dakota Minnesota cpa firm Nebraska 52

CPA Practice

MAY 15, 2023

Michelle Steel is leading Republicans on a new bill that would preserve a bigger standard deduction at tax time. The California Republican’s measure comes as her party is ramping up for a push to keep its signature 2017 overhaul of the tax code in place after 2025, when many provisions are set to revert to prior law.

California 106

California West Virginia Nebraska Iowa 106

Going Concern

OCTOBER 17, 2022

The Iowa State Auditor’s Office is seeing a shortage of accountants along with a shortage of accounting students with 4-year degrees (no duh). Bothering tax professionals on or near October 15 is always a bad idea. Campo, CPA, MBA (@ajthecpa1226) October 14, 2022. Something tells me Kris won’t be good in sales.

Iowa 96

Iowa Account accountant accounted 96

Anders CPA

SEPTEMBER 28, 2022

Even if a state doesn’t require sales tax on SaaS, the company may still need to file if they pass a certain threshold of sales. State Tax Considerations for SaaS Companies. For tax purposes, the definition of SaaS may differ from state to state. Does My State Tax SaaS? Those states that clearly tax SaaS are listed below.

Rhode Island 52

Rhode Island West Virginia South Dakota South Carolina 52

Going Concern

OCTOBER 20, 2023

note: A reader sent in this thought-provoking essay on their experience as a CPA. I made the decision to attend Dordt University in Sioux Center, Iowa because my dad works there, and it made tuition a lot more affordable. At this point, I met a local CPA, and he changed my life. I was more fortunate than most.

public accounting 120

public accounting Account accountant accounted 120

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.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

CPA Practice

DECEMBER 28, 2023

The document includes background information and a compliance checklist for CPAs to determine the impact on them if a state unilaterally changes its requirements necessary for licensure. In calling for the formation of NPAG this past May, the AICPA governing Council also emphasized the importance of preserving CPA mobility.

cpas 59

cpas accounting and finance CPA South Carolina 59

Going Concern

APRIL 8, 2022

CPA firms show progress in diversity amid pipeline challenges [ Journal of Accountancy ] The AICPA finally got around to releasing their 2021 Trends report, which we’ll dissect shortly. in 2020) in the portion of new accounting graduate hires at CPA firms who are ethnically diverse. Brian Streig, CPA (@cbriancpa) April 8, 2022.

Iowa 52

Iowa auditor cpa firm CPA 52

CPA Practice

MAY 17, 2023

The property tax life cycle is a complex beast, and taming it can be both frustrating and time-consuming. Did you know that businesses typically spend an average of 132 hours per week on various personal property tax compliance tasks ? These 12 states generate property tax revenue from real estate taxes instead.

South Dakota 106

South Dakota North Dakota Real Estate Washington 106

CPA Practice

JANUARY 2, 2024

The document includes background information and a compliance checklist for CPAs to determine the impact on them if a state unilaterally changes its requirements necessary for licensure. In calling for the formation of NPAG this past May, the AICPA governing Council also emphasized the importance of preserving CPA mobility.

cpas 40

cpas accounting and finance CPA South Carolina 40