CPA Practice

JANUARY 24, 2024

IRS officials announced the agency would extend its April 15 filing deadline for those taxpayers, who now have until June 17, 2024 to submit tax returns and make tax payments. The IRS asks that all making such claims include the FEMA disaster declaration number 3604-EM on any return claiming disaster-related losses.

Connecticut 72

Connecticut Tax tax return income tax 72

CPA Practice

SEPTEMBER 1, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in parts of Florida. 15, 2024, to file various federal individual and business tax returns and make tax payments. Quarterly estimated income tax payments normally due on Sept. 15, 2023, and Jan.

Tax 119

Tax income tax tax return payroll 119

Inform Accounting

NOVEMBER 28, 2022

With all of the U-turns on tax policy in the last couple of months, businesses may be confused about what changes are going ahead and which ones have been scrapped by the new chancellor. If the end-user organisation is also the fee-payer, they will need to deduct and pay Income Tax and National Insurance contributions to HMRC.

payroll 52

payroll income tax tax return Tax 52

CPA Practice

FEBRUARY 27, 2024

The Internal Revenue Service announced today tax relief for individuals and businesses in parts of California affected by severe storms and flooding that began on Jan. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. 31 and April 30, 2024.

tax return 69

tax return income tax California payroll 69

CPA Practice

SEPTEMBER 13, 2023

The Internal Revenue Service today announced tax relief for individuals and businesses affected by Idalia in 28 of the state’s 159 counties in Georgia. 15, 2024, to file various federal individual and business tax returns and make tax payments. Quarterly estimated income tax payments normally due on Sept.

Georgia 105

Georgia South Carolina income tax tax return 105

MyIRSRelief

OCTOBER 3, 2022

Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. They contribute to resources such as our government, educational systems, law enforcement, libraries, and others. However, individuals who fail to pay taxes can suffer penalties and potential criminal charges.

tax services 147

tax services California Tax tax preparation 147

CPA Practice

AUGUST 19, 2023

The Internal Revenue Service will allow Hawaii taxpayers in Maui and Hawaii counties extra time – until February 15, 2024 – to file various federal individual and business tax returns and make tax payments that would have been normally been due before then. Quarterly estimated income tax payments normally due on Sept.

Hawaii 97

Hawaii Tax income tax tax return 97

CPA Practice

FEBRUARY 16, 2024

Due to severe storms in August 2023, individuals and business taxpayers in some Michigan counties have until June 17, 2024, to file various federal individual and business tax returns and make tax payments, the the Internal Revenue Service has announced. Quarterly estimated income tax payments normally due on Sept.

Michigan 59

Michigan Tax tax return income tax 59

Withum

FEBRUARY 27, 2023

The last updated news release on February 24, 2023, states that affected taxpayers now have until October 16, 2023 to file various individual and business tax returns and make tax payments. What Items Are Now Extended Until October 16, 2023? These payments will now be due on October 16, 2023, to be considered timely paid.

California 119

California tax return Nevada payroll 119

ThomsonReuters

FEBRUARY 9, 2022

Part 2 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including unemployment, disaster relief, paid sick leave, and international. The 2022 tax year version may include more states if the loans are not repaid. The guide also contains information on FUTA taxes.

payroll 98

payroll California Connecticut Tax 98

MyIRSRelief

FEBRUARY 1, 2023

An IRS audit is a review or examination of an individual’s or organization’s tax return to ensure that the information is accurate and that the tax return is being filed in compliance with the tax laws. How to resolve employment 941 payroll taxiety problems? if you do not pay your tax debt.

Tax 147

Tax tax return cpas audit 147

CPA Practice

FEBRUARY 28, 2023

16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 various tax filing and payment deadlines, including those for most calendar-year 2022 individual and business returns. It also applies to the quarterly payroll and excise tax returns normally due on Jan.

Tax 128

Tax Alabama tax return Georgia 128

CPA Practice

APRIL 3, 2023

Individuals and households that reside or have a business in Cross, Lonoke and Pulaski counties in Arkansas now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced.

Arkansas 98

Arkansas Tax tax return income tax 98

Withum

MAY 14, 2024

Engaging a forensic accountant in advance of the audit to assess if all income has been reported and, if not, the level of unreported income can provide a path to address the auditor’s findings before they reach undesirable conclusions. The accountant does not want to become a witness for the government. The list goes on.

audit 69

audit forensic accounting tax return Gambling 69

CPA Practice

MARCH 24, 2023

Residents and businesses in five New York counties affected by recent winter storms now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced. 17, 2023, and instead include it with the 2022 return they file on or before May 15.

New York 105

New York Tax tax return income tax 105

CPA Practice

FEBRUARY 27, 2023

16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 various tax filing and payment deadlines, including those for most calendar-year 2022 individual and business returns. It also applies to the quarterly payroll and excise tax returns normally due on Jan.

Tax 95

Tax Alabama tax return Georgia 95

LyfeAccounting

DECEMBER 31, 2020

Well there are taxes that need to be filed and paid, and this post is going to break down all of it. For the purposes of filing and paying employer payroll taxes, I’d highly recommend using a payroll software like QuickBooks or Gusto. Payroll Tax Filings: Forms That You Need. Those are forms I9 and W-4.

payroll tax 52

payroll tax payroll Tax tax return 52

Ronika Khanna CPA,CA

SEPTEMBER 22, 2023

Not reporting earnings from a business venture on your tax return Anyone who earns income, whether you are a freelancer or selling vintage clothing on Instagram or a course/template/digital download on your website is required to declare their net business income on Schedule 2125 of their tax return.

Tax 98

Tax income tax tax return accounting and finance 98

Going Concern

FEBRUARY 22, 2023

TL;DR Two guys and their accounting firm are accused of filing false tax returns and a touch of COVID relief fraud. Read: A federal grand jury returned an indictment on Feb. 1 charging two Utah County men and an accounting firm with claiming an excess of $11 million in tax credits through a COVID-related fraud scheme.

Utah 103

Utah accounting firms tax return Account 103

xendoo

JANUARY 16, 2023

How Are Small Businesses Taxed? Depending on your business structure and income, you may be subject to one or more types of taxes. The term refers to when the IRS taxes the same income twice—once at the corporation level and again on an individual shareholder’s personal income tax.

business tax 52

business tax Tax income tax payroll tax 52

CPA Practice

SEPTEMBER 11, 2023

The Government challenges two legal rulings made by the District Court: that an organization can be an ‘educational organization’ even if it has substantial noneducational purposes and activities, and that ‘primary’ means merely ‘substantial’…,” according to the IRS appeal. He ruled the U.S. per day, since Jan. c)2023 the Post-Bulletin.

Real Estate 115

Real Estate Tax Education Hospitality 115

CPA Practice

MARCH 29, 2023

Form 8944 is for tax professional use only. While Form 8944 is a legitimate IRS tax form, it’s intended for a targeted group of tax return preparers who are requesting a waiver so they can file tax returns on paper instead of electronically. This is false information.

Tax 137

Tax tax return payroll Legal 137

ThomsonReuters

MARCH 22, 2021

Keeping Up with Taxes. On March 22, 1765, the British government passed the Stamp Act. The legislation levied a direct tax on the American Colonies in an effort to pay off debts and defend new American territories won from the French in the Seven Years’ War. So, why the brief history lesson on American Colony taxes?

payroll 52

payroll Tax Arkansas Texas 52

CPA Practice

SEPTEMBER 12, 2023

The Government challenges two legal rulings made by the District Court: that an organization can be an ‘educational organization’ even if it has substantial noneducational purposes and activities, and that ‘primary’ means merely ‘substantial’…,” according to the IRS appeal. He ruled the U.S. per day, since Jan. c)2023 the Post-Bulletin.

Real Estate 95

Real Estate Tax Education Hospitality 95

Withum

MARCH 15, 2022

Any company that has received a PPP loan, an Economic Injury Disaster Loan (“EIDL”), or any other form of pandemic relief, should consider and properly address any potential problems with their applications or usage of pandemic funds before a government investigation is initiated.

forensic accounting 127

forensic accounting payroll Government Legal 127

Ronika Khanna CPA,CA

OCTOBER 13, 2023

As an employee, your employer takes on the responsibility to pay certain payroll deductions to the governmen t, which are deducted directly from the employees’ gross salary. The net salary, which is the amount on the employees’ paycheque, is the amount received after payroll and income taxes have been deducted.

tax return 52

tax return Tax payroll income tax 52

MyIRSRelief

JANUARY 6, 2020

The IRS didn’t come into being until 1862, to handle our first national income tax, 3% of income, levied to fund the Civil War. That tax expired in 1872, but again in the early twentieth century, just before World War I, Congress passed the Sixteenth Amendment, which imposed income taxes again.

Tax 100

Tax payroll tax audit tax return 100

Inform Accounting

SEPTEMBER 23, 2022

The Government has set an ambitious target to achieve a trend rate of growth of 2.5%, achieved by tax incentives to encourage investment in the UK. The Government was criticised in the lead up to today’s announcement for not allowing the Office for Budget Responsibility (OBR) to release forecasts with the mini budget.

income tax 52

income tax corporation tax Tax Government 52

PYMNTS

MAY 22, 2020

Under the terms of the CARES Act, businesses don’t have to repay the loan if they spent at least 75 percent of the proceeds on payroll and no more than 25 percent for other items. They have low payroll and high overhead expenses.”. Rent and mortgage far exceed 25 percent of costs for locations in cities,” she told the network.

Ohio 99

Ohio payroll income tax tax return 99

ThomsonReuters

APRIL 25, 2024

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years.

Tax 52

Tax Account accountant accounted 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.

Tax 52

Tax North Carolina Indiana CPA 52

Going Concern

JANUARY 19, 2023

government. Las Vegas tax preparer sentenced to prison for multiple fraud schemes King Isaac Umoren was sentenced to 13 years and three months in prison for filing false tax returns, aggravated identity theft, wire fraud, money laundering and impersonating an FBI agent.

Tax 64

Tax tax return Gambling tax preparation 64

xendoo

JUNE 25, 2021

Setting up your real estate accounting system the right way will enable you to minimize the labor and stress involved in large-value transactions, extreme income fluctuations, employee pay formulas, and government regulations. Government bodies (e.g., These tips are for you if your business is: Real estate broker or agent.

Real Estate 98

Real Estate Account accountant accounted 98

xendoo

JANUARY 30, 2023

You’ll also learn how to maximize their impact with the help of an experienced CPA or tax accountant. Small Business Tax Credits vs. Deductions Small business tax credits and deductions are valuable tools for reducing your tax bill. They are incentives the government offers to reduce the amount of taxes you owe.

business tax 52

business tax Tax tax return income tax 52

Going Concern

FEBRUARY 23, 2024

Top Remote Accounting Candidates: February 22, 2024 Law & Order Co-Owner of Media Brokerage Firm Sentenced for Filing False Tax Returns [ Department of Justice ] According to court documents and statements made in court, Susan K. From 2012 to April 2018, according to the criminal information document signed by U.S.

CPA 103

CPA Illinois auditor Iowa 103

Ronika Khanna CPA,CA

FEBRUARY 23, 2023

Life insurance premiums are not tax deductible unless the beneficiary is the business. Instead the government allows for what is referred to as CCA (capital cost allowance) which is essentially a depreciation charge over a period of time at specific rates. Corporations are required to file a separate corporate tax return.

Tax 52

Tax tax return business tax income tax 52

Inform Accounting

OCTOBER 17, 2022

What we know now: The basic rate of income tax remains at 20% and likely to stay there for the foreseeable future. The 45% higher tax rate is here to stay. The planned reversal in the increase to Dividend Tax which took place in April has been cancelled. Remember to declare COVID-19 grants on your tax return.

income tax 52

income tax tax return Tax payroll 52