MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

North Carolina 130

North Carolina Oklahoma Ohio Tax 130

CPA Practice

APRIL 5, 2024

Earlier this week WalletHub released a study that shows which states’ residents have the highest and lowest tax burden , measured as the proportion of total personal income that residents pay toward state and local taxes. The study looks at how much tax the average person is estimated to pay in each state throughout their lifetime.

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

CPA Practice

APRIL 9, 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 110

Sales Tax Minnesota Tennessee 110

CPA Practice

OCTOBER 12, 2023

Retail sales of guns and ammunition will soon be subject to a new state excise tax in California. Under Assembly Bill 28, which Governor Gavin Newsom signed into law on September 26, 2023, an 11% tax will apply to gross receipts from retail sales of ammunition, firearms, and firearm precursor parts starting July 1, 2024.

California 124

California Sales Tax Pennsylvania 124

CPA Practice

DECEMBER 10, 2023

By Al-Nesha Jones, CPA, MBA. While chestnuts crackle and we gear up for the annual tax preparation season, it becomes clear that the winter holidays bring more than just festivities and time off; they also mark the beginning of the tax preparation party. Tax advisory tends to be much more frequent. Tis the season!

tax planning 69

tax planning Tax tax preparation bookkeeping course 69

CPA Practice

APRIL 22, 2024

Tax Blotter 042224 Under the trust fund recovery penalty (TFRP), a “responsible person” may be held personally liable for the full amount of an employer’s unpaid employment taxes. But the manager wasn’t aware of the company’s failure to pay employment taxes on time. This issue is often contested in the courts. Not my job.

payroll tax 52

payroll tax payroll Tax Pennsylvania 52

Going Concern

MAY 31, 2023

“With their leadership, I look forward to our continued journey creating the advisory CPA firm of the future, today.” Ackerman, CPA Assurance – Real Estate and Construction (Washington, D.C.) Badani, CPA Assurance – Financial Services (Irvine, California) Ashley R. Barber, CPA Tax – Commercial (Iselin, New Jersey) Jason M.

Wisconsin 52

Wisconsin Real Estate Pennsylvania Illinois 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

OCTOBER 11, 2023

And while fees aren’t exactly sales and use taxes, they do greatly increase compliance complexity for indirect tax teams. Anyone driving on a highway like the Pennsylvania Turnpike has to pay a toll to use the road. There must be at least one item of “tangible personal property” subject to sales tax for the fee to kick in.

Minnesota 109

Minnesota Tax Colorado Oregon 109

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.

income tax 52

income tax tax planning South Dakota Wyoming 52

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

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.

payroll tax 98

payroll tax payroll Rhode Island Tax 98

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 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

Withum

SEPTEMBER 16, 2022

It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g.,

Sales 80

Sales Retail Tax South Dakota 80

Cherry Bekaert

AUGUST 25, 2023

Auto Dealership 1 Auto Dealership 1 is a franchised group of six automotive dealerships headquartered in Pennsylvania. These dealerships also conduct business in Pennsylvania. There are a few important things to remember when claiming the ERC tax credit.

Pennsylvania 97

Pennsylvania Government tax return Tax 97

CPA Practice

JULY 12, 2023

Inevitably, your clients with growing businesses will want to hire, so you’ll be better able to help them if you have a clear understanding of the differences between SUI (state unemployment insurance) and SIT (state income tax) and how they affect your clients’ businesses. What is SUI Tax? The federal tax rate is a flat 6%.

income tax 98

income tax Tax South Dakota Alaska 98

LyfeAccounting

JULY 7, 2021

But something that a lot of people is just not thinking about are property taxes. Property taxes are based on the value of your home, so as home prices surge, so will your property taxes. How can you save on property taxes? Because today, we’re going to give you the steps on how to pay less in property taxes.

Tax 52

Tax CPA New Jersey Pennsylvania 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

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 16, 2024

Last summer she became a tax accountant at wealth management firm Stonehage Fleming. The 2024 tax and audit season, which generally stretches from mid-January to mid- or late April, hasn’t been quite as challenging as it was in pandemic years, industry experts said. She resigned about 10 months ago. “I

accounting firms 134

accounting firms Account accountant accounted 134

Going Concern

JULY 25, 2022

Pennsylvania State Revenue Secretary Dan Hassel said scammers are sending letters that appear to be from the state tax office demanding that businesses turn over their accounting records. Oh and ICYMI, the Journal of Accountancy podcast covered the top issues facing CPA firms , give it a listen.

audit 103

audit Account accountant accounted 103

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.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

MyIRSRelief

JULY 3, 2023

Contact us for professional tax help today! During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. What Skills Should I Look for in a Tax Professional for ERC Audit Representation? Understanding ERC IRS Audits 1.1

audit 130

audit North Carolina Oklahoma Ohio 130

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

JULY 12, 2023

London, Vice President: London is the tax partner emeritus at Wiss & Company, LLP. in accounting and tax from St. Mourer, CPA, PLLC, in Rochester, N.Y. Hays: Hays is the founder and CEO of Hays CPA LLC, in New York, N.Y. Huether: Huether is a principal at Sheehan & Company, CPA, PC in Brightwaters, N.Y.

Pennsylvania 52

Pennsylvania Maryland New York accounting and finance 52

CPA Practice

FEBRUARY 1, 2023

Since its inception in 1956, SobelCo has provided accounting, tax, and advisory services to help companies become, and remain, efficient by paying special attention to their growth goals, their philosophy, their culture, and their available resources. CLA now has a team of more than 580 people across New Jersey, New York, and Pennsylvania.

New Jersey 98

New Jersey Pennsylvania New York cpa firm 98

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

Withum

FEBRUARY 21, 2022

Withum is proud to share that Olga Blyweiss , CPA, MST and Withum partner, was recently featured as an expert on NBC 10 Philadelphia’s segment, NBC10 Responds. On February 1st, Olga was featured in a segment titled Tax Filing Tips for What to Looks for on IRS Letters 6419, 6475.

Pennsylvania 52

Pennsylvania tax return tax planning public accounting 52

Going Concern

FEBRUARY 1, 2023

Since its inception in 1956, SobelCo has provided accounting, tax, and advisory services to help companies become, and remain, efficient by paying special attention to their growth goals, their philosophy, their culture, and their available resources. CLA now has a team of more than 580 people across New Jersey, New York, and Pennsylvania.

New Jersey 87

New Jersey Pennsylvania New York cpa firm 87

Going Concern

OCTOBER 7, 2022

copied and used its mark with the intent to trick consumers into buying a knockoff services, the US District Court for the Eastern District of Pennsylvania said. What CFOs Should Consider Concerning ESG Reporting [ The CPA Journal ]. Minority Accounting Students Sought for Internship Preparation Program [ Illinois CPA Society ].

Illinois 91

Illinois CPA audit tax return 91

Going Concern

MAY 5, 2023

Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory. Entry-level CPAs in advisory practices are making $11,000 more than CPAs starting out in audit and tax, and $20,000 more than non-CPAs in advisory.

audit 106

audit cpas auditor Mississippi 106

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

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

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

FEBRUARY 7, 2024

By Daniel Goodwin, AWMA, Kiplinger Consumer News Service (TNS) Opportunity zones, created by the Tax Cuts and Jobs Act, were designed to spur economic development and job creation in specific communities and census tract areas, while simultaneously providing substantial tax incentives for investors. How do opportunity zones work?

Tax 105

Tax Pennsylvania Texas Washington 105

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 105

South Dakota North Dakota Real Estate Washington 105