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

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. Home Office. Home equity loans.

Tax 52

Tax Real Estate Education Legal 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

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

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

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

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

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

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

ThomsonReuters

MARCH 15, 2023

Payroll on Checkpoint asked  Jeffrey Paravano , partner at  BakerHostetler  and leader of the firm’s national tax practice group, to share his thoughts. ​ ​Extension of statute of limitations​ The IRS recently issued another alert to businesses and tax practitioners regarding scams related to the employee retention credit (ERC).

payroll tax 52

payroll tax payroll Tax Construction 52

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

Going Concern

APRIL 5, 2024

EY Blood Donation Blockchain Pilot ‘Healthcare Breakthrough’ [ Healthcare Digital Magazine ] An estimated one in 10 people attending hospital every day will require some kind of blood transfusion. The aim is to provide real-time visibility and traceability of blood products throughout the healthcare system.

auditor 81

auditor audit Oklahoma CPA 81

Going Concern

DECEMBER 23, 2022

That’s led to widespread strikes across the UK economy, encompassing railways, schools, nurses, hospitals and the postal service. Should we tax robots? [ placed a tax on robots? The same applies to taxes on foreign trade that would also reduce U.S. KPMG announces Stuart Bedford as new UK Head of Law [ KPMG ]. MIT News ].

Tax 81

Tax auditor audit tax return 81