Snyder

OCTOBER 30, 2022

Taxes add a big chunk to this plate. Tax filing deadlines and taxes themselves become a really big deal for e-commerce business owners, adding even more stress to their busy lives. But is there a way to escape tax filing season disturbance? How much do small businesses pay in taxes? How to file income tax?

tax preparation 98

tax preparation E-commerce Tax income tax 98

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

TaxConnex

FEBRUARY 9, 2021

If you sell into the handful of states that don’t have nexus or don’t have a general sales tax, you might think you’re home free when it comes to obligations to remit sales tax. Forty-five states and the District of Columbia have a statewide sales tax. No sales tax but…. Maybe, and maybe not.

Sales 142

Sales Delaware Alaska Montana 142

Snyder

FEBRUARY 12, 2023

Payroll taxes can be daunting for employers to calculate and pay. With the numerous tax laws, regulations and compliance requirements, employers are required to be up-to-date on the latest regulations to ensure they’re making accurate and timely payroll tax payments. It is not intended to provide any tax advice.

payroll tax 52

payroll tax payroll Tax income tax 52

KROST

DECEMBER 16, 2021

If you are a shareholder of an S Corporation, partner/member of a partnership/LLC, you might be able to get some of your state tax deduction back. As you may remember, the federal Tax Cuts and Jobs Act reduced the amount of the SALT deduction individuals can claim on their federal tax return to $10,000 starting with the 2018 tax year.

Tax 52

Tax Real Estate California tax return 52

CPA Practice

MARCH 12, 2024

The Social Security Administration’s (SSA) trust fund reserves—which supplement the program’s income largely from payroll taxes—help SSA pay full benefits. But these reserves face a long-term shortfall that, if Congress does not act to shore up the funding, will result in about a 20% cut in benefits to beneficiaries in 2034.

payroll tax 52

payroll tax income tax Hospitality Washington 52

SkagitCountyTaxServices

AUGUST 19, 2022

Though that said, there does seem to be some easing on both of these fronts – and not necessarily because of the “Inflation Reduction Act” (more on that and business tax deductions in a minute). But, regardless, you’re going to want to make sure your Skagit County business isn’t vulnerable to new regulatory and tax pressure.

business tax 81

business tax Tax Real Estate CPA 81

CPA Practice

FEBRUARY 8, 2023

Following another strong year of aggressive growth, Andersen , a global provider of tax, valuation, financial advisory and related consulting services, has expanded its presence in Orange County, Calif. Likewise, clients in these markets will have access to Andersen’s full suite of tax services and extensive global platform.

Real Estate 52

Real Estate Agriculture Iowa income tax 52

CPA Practice

MARCH 13, 2023

Perfetto has worked with numerous large, publicly traded clients on complex accounting and audit matters such as acquisitions, impairment analysis, valuation, income tax provision, group audits, and management review controls. He also has significant experience working with mid-size and developing privately held businesses.

Real Estate 52

Real Estate forensic accounting Connecticut cpas 52

RitaKeller

OCTOBER 15, 2020

“This isn’t a hospital! Substitute the word firm for hospital. For many CPA firms, you are down to the wire on extended individual income tax returns and all of the activity that surrounds that huge event. It’s an insane asylum! And it’s your fault!” – – Sally Kellerman (Hot Lips) in MASH (1970). Happy October 15th!

Hospitality 40

Hospitality income tax cpa firm tax return 40

xendoo

NOVEMBER 23, 2020

Are you claiming all the income tax deductions you’re entitled to? Out-of-pocket medical expenses, such as doctor and hospital fees, in-home care, and medications, can be deducted on your 2018 return if they exceed 7.5% of your adjusted gross income. Real Estate Taxes. Here’s a handy checklist for U.S.

Tax 52

Tax Real Estate Education Legal 52

Withum

NOVEMBER 16, 2022

The aftermath of a natural disaster can be devastating for all business owners, especially for those in the dealership , restaurant and hospitality industries, and can cause long-lasting interruptions in normal business operations. Federal and state business income tax returns for the last two years.

income tax 59

income tax tax return Hospitality payroll 59

LyfeAccounting

MARCH 10, 2021

Avoid Paying Tax Penalties: Here’s How. Delay taxes for a stimulus check? Well, if you want to put yourself at risk of IRS tax penalties in 2021, then you’re doing exactly that. And we’ve been surprised at the number of people who have no idea how tax penalties and tax interest actually work.

Tax 52

Tax tax return Real Estate Government 52

Withum

NOVEMBER 8, 2023

The aftermath of a natural disaster can be devastating for all business owners, especially for those in the dealership , restaurant and hospitality industries, and can cause long-lasting interruptions in normal business operations. Federal and state business income tax returns for the last two years.

payroll 52

payroll income tax tax return Hospitality 52

TaxConnex

SEPTEMBER 7, 2023

Nonprofits are often thought to be exempt from sales taxes, but is that correct? Other stats say more than 2 million charities exist that are tax-exempt according to Internal Revenue Service rules. Are non-profits exempt from sales tax obligations? These same organizations are not necessarily exempt from sales tax.

Sales 147

Sales Tax Non-Profits North Carolina 147

Menzies

NOVEMBER 30, 2022

This includes plans to freeze the business rates multiplier for another year, and to provide additional relief of up to 75% for retail and hospitality and leisure companies. Alterations To R&D Tax Incentives. Costly Changes To Dividends And Capital Gains Tax. Stealth Tax – Freezing Personal Allowances.

chartered accountant 52

chartered accountant Non-Profits Tax income tax 52

ThomsonReuters

NOVEMBER 12, 2020

.” The respect, and perquisites provided to veterans for their sacrifices to our country, have even touched the world of payroll, and on Veterans Day, we present a quick retrospective of some of the special tax provisions offered for veterans. Overview of tax breaks for those serving in the military. 3401(a)(1) ; Reg.

payroll 52

payroll Hospitality Tax income tax 52

ThomsonReuters

JUNE 22, 2021

But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax. State by State Payroll Tax Changes. Beginning July 1, new forms will be used to report withholding tax.

payroll 72

payroll Virginia Utah West Virginia 72

CPA Practice

SEPTEMBER 11, 2023

million tax legal battle is going into its seventh year, because the IRS is appealing the 2022 ruling that Mayo Clinic “operated exclusively for educational purposes.” million of taxes Mayo Clinic paid on revenue generated by “debt-financed real-estate investment” over seven years. Nonprofit hospitals are not exempt.

Real Estate 115

Real Estate Tax Education Hospitality 115

CPA Practice

SEPTEMBER 12, 2023

million tax legal battle is going into its seventh year, because the IRS is appealing the 2022 ruling that Mayo Clinic “operated exclusively for educational purposes.” million of taxes Mayo Clinic paid on revenue generated by “debt-financed real-estate investment” over seven years. Nonprofit hospitals are not exempt.

Real Estate 95

Real Estate Tax Education Hospitality 95

MyIRSRelief

NOVEMBER 19, 2021

If you’re like most, then taxes are probably not your favorite thing in the world. In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe. A tax credit is something that reduces your taxable income.

Tax 100

Tax CPA Education business tax 100

PYMNTS

MAY 4, 2017

Low sales tax and zero state income tax are huge incentives for new tech companies who have a plethora of some of the largest clients in Orlando such as Disney, Universal, Sea World and Florida Hospital. Orlando beats California in every way, in my opinion, other than the over-abundance of skilled people.

Technology 44

Technology Florida California income tax 44

ThomsonReuters

FEBRUARY 8, 2024

Jump to: How are LLCs taxed? How can an LLC reduce its taxes? However, LLCs also enjoy certain tax advantages that make them popular, especially for small business owners. How are LLCs taxed? LLCs are considered “pass-through entities,” which means the LLC itself does not pay federal income taxes on business income.

Tax 52

Tax income tax payroll tax Healthcare 52

SkagitCountyTaxServices

NOVEMBER 9, 2022

Now, speaking of one of those changes, you may have to help your employees navigate a change that’s coming to social security payroll taxes starting 1/1/2023…. Changes to Your Skagit County Business’s Social Security Payroll Taxes “It’s not the load that breaks you down, it’s the way you carry it.” – Lou Holtz. The up and up.

payroll tax 52

payroll tax payroll Tax income tax 52

SkagitCountyTaxServices

NOVEMBER 9, 2022

Now, speaking of one of those changes, you may have to help your employees navigate a change that’s coming to social security payroll taxes starting 1/1/2023…. Changes to Your Skagit County Business’s Social Security Payroll Taxes “It’s not the load that breaks you down, it’s the way you carry it.” – Lou Holtz. The up and up.

payroll tax 52

payroll tax payroll Tax income tax 52

KROST

NOVEMBER 20, 2020

To help Californians get back to work, California’s governor signed a new tax bill to give tax breaks to small businesses that increased hiring during the second half of 2020. California has reserved $100 million to fund this Small Business Hiring Tax Credit program. Tax , Real Estate , Technology , Hospitality.

California 82

California Tax Real Estate income tax 82

KROST

SEPTEMBER 21, 2020

While there are many benefits of a remote workforce, businesses should take a step back and ask the following questions: Does the business have employees who reside and work remotely in other states, and if so, what are the state payroll tax implications? Do the remote employees create income tax nexus in other states?

Tax 40

Tax income tax payroll tax tax return 40

ThomsonReuters

AUGUST 18, 2022

The IRS may need to revise certain employment tax reporting forms, and the forms used to claim the qualified small business payroll tax credit for increasing research activities, after President Biden signed the Inflation Reduction Act ( H.R. Social Security tax up to the annual taxable wage base ($147,000 in 2022).

payroll tax 105

payroll tax payroll tax return income tax 105

KROST

AUGUST 6, 2021

The Tax Cuts and Jobs Act passed in December 2017 limited the state and local tax (SALT) deduction for individuals to $10,000. The electing owners are then granted a credit against their California personal income tax for the full amount of the tax paid by the entity on their allocable share of California taxable income.

California 52

California Tax tax return Real Estate 52

Menzies

JULY 27, 2023

This could mean that, additional shifts worked by consultants over a year to assist their employing hospital deal with peak admissions, would result in a large tax bill. When pension contributions in a year exceed the individual’s AA, the excess is taxed at the individual’s marginal rate of income tax.

chartered accountant 52

chartered accountant income tax Tax Hospitality 52

Withum

NOVEMBER 18, 2022

While in previous taxable years, not-for-profits were limited to capturing these cash benefits directly unless they had unrelated business income tax (“UBIT”), under the IRA, all not-for-profits are incentivized to invest in clean energy infrastructure through the direct payment program regardless of tax liability.

Non-Profits 72

Non-Profits income tax Tax Manufacturing 72

LyfeAccounting

JANUARY 5, 2021

As a bonus, the US tax code allows you to receive when you give, in the form of tax deductions that can lower your tax bill. And today, we’re going to be going over everything you need to know about tax deductible donations. So, friends and family unfortunately do not qualify for a tax deductible donation.

Tax 52

Tax tax return audit accounting and finance 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 81

North Carolina accounting firms accounting and finance audit 81

TaxConnex

JANUARY 4, 2024

No year’s ever dull in sales tax, and the pace has only accelerated in the five years since the Supreme Court’s Wayfair decision. As we start the new year, here’s a look back at some significant sales tax events from 2023. This year, multiple states introduced new sales tax exemptions, too.

Sales 232

Sales Tax Colorado Alaska 232

ThomsonReuters

FEBRUARY 9, 2022

Back in 2019, New Jersey hit app-based driving company Uber up with a $640 million tax bill alleging misclassification of its workers as independent contractors. It can result in costly penalties and the payment of back wages and taxes. Form SS-8 requests are only made to resolve federal tax matters.

payroll 110

payroll New Jersey Florida Hawaii 110

Going Concern

MAY 6, 2022

The 25-year-old tax accountant saw the story on the news and decided he wanted to take Ralph, a woman he’d never met, to Game 2 of the NBA Finals. The claim, which relates to a seven-year period in which EY was engaged to oversee the hospital operator’s accounts, was filed at the High Court in London on Thursday, according to press reports.

auditor 52

auditor audit CPA Real Estate 52

TaxConnex

MARCH 30, 2023

Everything old is new again – and that goes for ideas of a national sales tax. 25 of the 118th Congress, the GOP’s “Fair Tax Act of 2023,” is the latest attempt. The embattled bill, now in committee, was introduced early this year to replace the federal income tax. What’s in the bill? Is the idea bad? The bill won’t pass.

Sales 147

Sales Tax income tax Louisiana 147