CPA Practice

JULY 7, 2025

Mary Girsch-Bock Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary Girsch-Bock is a graduate of the University of Illinois-Chicago. She began her career as accountant and later made the switch to writing full time, concentrating on business and technology, with a focus on small business.

North Carolina 55

North Carolina Technology payroll New York 55

Nancy McClelland, LLC

JANUARY 12, 2025

Our firm is located in Chicago, so to get a list of the estimated tax payments youve made to the state of Illinois, go to [link] (without logging in) and enter your SSN, Name, and the tax year in question. “Now What Do I Do With These Files?

Tax 52

Tax tax return accounted Account 52

CPA Practice

JULY 14, 2025

Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary Girsch-Bock is a graduate of the University of Illinois-Chicago. Be bold and make positive steps to become the firm you are meant to be.

West Virginia 51

West Virginia Technology Pennsylvania accounting and finance 51

CPA Practice

JUNE 19, 2025

Jason Bramwell Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary grew up in Chicago, graduating from the University of Illinois-Chicago. She began her career as accountant and later made the switch to writing full time, concentrating on business and technology, with a focus on small business.

Real Estate 52

Real Estate Technology payroll Healthcare 52

CPA Practice

JUNE 18, 2025

Mary Girsch-Bock Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary grew up in Chicago, graduating from the University of Illinois-Chicago. She began her career as accountant and later made the switch to writing full time, concentrating on business and technology, with a focus on small business.

Technology 71

Technology payroll accounting and finance audit 71

CPA Practice

JULY 9, 2025

OBannon Platform Accounting Group has announced an Illinois-based firm has joined the group. Madison Street Advisors, formerly McCormick Tax Group, is based in downtown Chicago and increases Platform’s presence in the Midwest region.

Technology 71

Technology accounted Account accountant 71

CPA Practice

JULY 11, 2025

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology (..)

Technology 98

Technology accounted Account accountant 98

Accounting Today

JUNE 9, 2025

We know New York, but, Neil Fishman (17:57): But the big thing was Dan Hood (17:58): New Jersey, Illinois, California all have Neil Fishman (18:01): Similar places. You had a lot of Republicans from the high tax states, New York, New Jersey, Connecticut, Illinois, California.

Washington 52

Washington New York Florida Tax 52

Accounting Today

JULY 10, 2025

Brown and other ghost preparers who worked with him falsified 63 federal income tax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds. He owned and operated We Are Taxes and boasted that "Everyone Gets a Check!" Brown had clients pay him a 10% fee of each refund.

Tax 75

Tax tax preparation income tax Technology 75

Accounting Today

JUNE 26, 2025

Illinois: Attorney Matthew E. During the 2016 through 2022 tax years, Gibson prepared at least 135 returns containing fraudulent information, causing a loss to the IRS of at least $125,197, which Gibson has agreed to pay in restitution. Tomasello, Forest Park, and CPA Victor C. Smith, Woodstock, both indefinite from Jan.

Tax 71

Tax Technology tax preparation CPA 71

Going Concern

JANUARY 21, 2025

In 2016, the Illinois CPA Society alerted the profession about developing CPA pipeline issues (Illinois CPA Society, Pipeline Disruption: The Search for Solutions to the Weakening Supply of CPAs, Insight Special Issue, August 1, 2016, [link] ). Rick Scott (R-Fla.), Jacky Rosen (D-Nev.), Catherine Cortez Masto (D-Nev.),

accounted 52

accounted Account accountant CPA 52

TaxConnex

JULY 1, 2025

Illinois will eliminate its 200-transactions economic nexus threshold effective Jan. Nationally, state tax revenue was 3.2% In 4Q24, corporate income taxes outperformed their 15-year growth trends and general sales taxes and personal income taxes fell short. billion, below their 15-year trend.

Sales 147

Sales Utah Tax Mississippi 147

Accounting Today

JULY 11, 2025

GEORGIA Shelly Carmichael Smith + Howard, Atlanta, launched two new tax practices: site selection + incentives, led by Shelly Carmichael, and state and local income tax consulting, led by Brandee Tilman. ILLINOIS Jason Van de Loo was appointed CEO at Choreo, Chicago. Read the full story.)

Oklahoma 72

Oklahoma Technology tax preparation audit 72

CPA Practice

JULY 14, 2025

Cynthia Bradley, of Belleville, Illinois, was sentenced to 15 months in prison in June and ordered to pay $5,768,106.28 The defendants orchestrated a multi-year tax fraud scheme that caused substantial loss to the government,” said Acting U.S. in restitution. in restitution. in restitution.

tax preparation 71

tax preparation Texas Tax Technology 71

CPA Practice

OCTOBER 22, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions. million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

payroll 52

payroll Rhode Island South Dakota West Virginia 52

TaxConnex

MARCH 18, 2021

Wayfair created enormous changes for businesses making remote sales into the states related to sales tax. Could Wayfair have also impacted the way you manage your state income tax obligations? Sales Tax Perspective. Sales tax nexus can be physical or economic – or both. Where we are today – pandemic and all.

income tax 165

income tax South Dakota Sales Tax 165

TaxConnex

SEPTEMBER 10, 2024

When you sell across multiple states – or even within various localities in a single state – one striking observation emerges: the consistent inconsistency of sales tax rates. The federal income tax has just seven brackets to cover the whole span of what somebody can make.

Rhode Island 264

Rhode Island Sales Alaska New Hampshire 264

CPA Practice

JUNE 12, 2023

The Illinois CPA Society (ICPAS)—one of the largest state associations in the nation serving the certified public accountant (CPA) community—has presented Daniel F. In addition, he served multiple terms on the ICPAS Board of Directors, of which he is a former chairperson, and the CPA Endowment Fund of Illinois Board of Directors.

Illinois 105

Illinois CPA Florida income tax 105

TaxConnex

JULY 12, 2022

The bill also extends the sunset date of the sales tax exemption for the purchase of high-technology data center equipment to Dec. Illinois requires retailers to notify customers of the suspension of the state 1% rate of sales and use tax on retail sales of groceries, effective July 1 through June 30, 2023. Indiana modified?

Sales 246

Sales Tax Oklahoma Illinois 246

CPA Practice

FEBRUARY 11, 2023

This means that people in the following states do not need to report these state payments on their 2022 tax return: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Maine, New Jersey, New Mexico, New York, Oregon, Pennsylvania and Rhode Island.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

TaxConnex

OCTOBER 7, 2021

Sales tax revenues and state corporate tax receipts (franchise and excise taxes) both posted substantial growth. In Georgia , tax collections were up 12.7% The gross sales tax take finished 15.9% over August 2020; income tax collections were up 13.9%. in August year over year. State Updates.

West Virginia 246

West Virginia Sales Alaska Tax 246

MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems.

payroll tax 147

payroll tax payroll audit Tax 147

TaxConnex

SEPTEMBER 7, 2023

Definitions For Federal income tax purposes, according to the IRS , tax-exempt organizations include: Charitable: Organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational or other specified purposes.

Sales 147

Sales Tax Non-Profits North Carolina 147

CPA Practice

MARCH 18, 2025

An Illinois doctor has pleaded guilty to tax evasion for hiding assets and lying to the IRS about his ability to pay approximately $1.6 million in taxes, penalties, and interest.

Illinois 71

Illinois Tax income tax 71

CPA Practice

JUNE 5, 2023

But the NBA Finals—and other sporting events—are connected to taxes in a big way. That’s partly due to a lucrative income tax imposed by all but five states known as the “jock tax.” And professional athletes aren’t the only ones affected by the tax. What is the jock tax? The tax has an interesting history.

income tax 118

income tax Tax Sports Nevada 118

CPA Practice

APRIL 9, 2024

These taxes fund social insurance programs such as Social Security, Medicare, and unemployment benefits. Here’s a quick breakdown of payroll taxes: Federal Income Tax Withholding : Employers must withhold federal income tax from employees’ wages based on their W-4 Forms and Internal Revenue Service (IRS) guidelines.

payroll tax 110

payroll tax West Virginia payroll cpas 110

CPA Practice

OCTOBER 2, 2023

These areas include: Taxpayers affected by flooding in Illinois and Alaska. 16 and lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software. It’s available to any person or family with an adjusted gross income (AGI) of $73,000 or less in 2022.

South Carolina 124

South Carolina Georgia Tax income tax 124

CPA Practice

AUGUST 21, 2023

By Joy Taylor, Kiplinger Consumer News Service (TNS) Businesses that sell marijuana have a heavy federal income tax burden. They are taxed on their income but can’t write off most of their business expenses. Here is the main federal income tax implication. Look for more states to follow suit. _

income tax 98

income tax Tax tax return Oregon 98

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.

income tax 52

income tax tax planning South Dakota Wyoming 52

CPA Practice

DECEMBER 7, 2023

Three rounds of stimulus checks—known officially as Economic Impact Payments—were sent by the federal government to income tax filers between March 2020 and March 2021 as a way to offset some of the hardships of the COVID pandemic. “There is no fourth round of [stimulus checks] from the Treasury Department,” he said.

Montana 118

Montana Idaho New Mexico Massachusetts 118

Anders CPA

AUGUST 16, 2022

Most residents choose to opt for an in-state plan, but it’s important to consider whether the state offers an income tax deduction for contributing. If the resident state does not offer an income tax deduction, it’s important to instead focus on fees, expenses, and investment objectives.

Missouri 91

Missouri Illinois Tax income tax 91

CPA Practice

OCTOBER 16, 2023

These areas include: Taxpayers affected by flooding in Illinois and Alaska. 16 and lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software. It’s available to any person or family with an adjusted gross income (AGI) of $73,000 or less in 2022.

South Carolina 111

South Carolina Georgia income tax Vermont 111

Accounting Today

NOVEMBER 6, 2024

Illinois voters approved a nonbinding proposal to add an extra 3% levy on annual incomes of more than $1 million, which could fuel a new effort to raise taxes on the state's highest earners.

Illinois 52

Illinois Tax income tax 52

TaxConnex

AUGUST 15, 2023

Among the provisions was adoption of the state’s economic nexus sales tax thresholds (200-plus transactions or receipts of more than $100,000) for income tax purposes. New Jersey becomes the latest state to apply rules for collecting sales tax revenue from out-of-state businesses for income tax purposes.

Sales 130

Sales Tax Alabama Texas 130

CPA Practice

JANUARY 27, 2023

Increasing the age of when RMDs must begin benefits savers who don’t need the money for current living expenses, as it prolongs their investment timeframe, pushes out the income tax deferral on their account balances, and allows a longer window to consider and complete Roth IRA conversions. Find your CPA at www.icpas.org/findacpa.

Illinois 119

Illinois Non-Profits CPA cpas 119

Snyder

JUNE 9, 2022

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. To help you meet the income tax filing season fully armed and prepared, we have compiled a step-by-step guide.

income tax 52

income tax tax return E-commerce Tax 52

Nancy McClelland, LLC

APRIL 9, 2023

Reminder: Due to a new law , Illinois S-Corp and Partnership owners should generally pay quarterly IL state ( not federal) taxes through the business. The post below is about how to pay IL taxes personally ; click here for how to make IL business tax payments.

Illinois 52

Illinois Tax tax preparation bookkeeping 52