CPA Practice

JUNE 5, 2023

Taylor, Kiplinger Consumer News Service (TNS) NBA finals Game 2 is in the books, and many people who tuned in to see the Miami Heat tie the series with the Denver Nuggets are probably not wondering what a jock tax is. But the NBA Finals—and other sporting events—are connected to taxes in a big way. What is the jock tax?

income tax 118

income tax Tax Sports Nevada 118

Anders CPA

MARCH 14, 2023

Kansas City has amended an ordinance which added extra steps to the earnings tax refund process for non-resident taxpayers. The previous ordinance was added in March 2022 and required that non-resident taxpayers file a claim against the city in small claims court in order to apply for an earnings tax refund.

Kansas 52

Kansas Tax accounting and finance income tax 52

CPA Practice

JUNE 21, 2023

By Tylor Willis, CFP, The Kansas City Star (TNS) Most of us want to preserve or grow our wealth. One crucial aspect of wealth management is creating a holistic financial plan that includes your estate and tax strategy. Strategic estate and tax planning are paramount to preserving wealth across generations.

Kansas 101

Kansas Tax income tax tax planning 101

TaxConnex

APRIL 12, 2022

There’s always something changing in the world of tax, especially sales tax. Inflation and other spiraling prices have driven states’ lawmakers to consider relief via sales and other taxes. Florida seems to be leading the way, proposing sales tax holidays and other short- and long-term tax relief on a broad range of products.

South Dakota 209

South Dakota Sales Tax North Carolina 209

TaxConnex

JANUARY 13, 2022

There’s always something changing in the world of tax, especially sales tax. Kansas Gov. Laura Kelly has asked the state Department of Revenue to work with state legislators representing the communities impacted by recent wildfires to fast-track legislation extending the sales tax exemption for fence materials and services.

Sales 197

Sales Utah Tax Wisconsin 197

CPA Practice

JANUARY 23, 2023

By Marsha Mercer, Stateline.org (TNS) As inflation soared in the past year, families in some states suffered a double whammy—paying food sales taxes on top of higher-priced groceries. At least five of the 13 states where groceries were taxed as of last Jan. Grocery taxes that remain are “there for a reason. In 2021, about 13.5

Idaho 111

Idaho South Dakota Tax Kansas 111

CPA Practice

OCTOBER 3, 2023

Taylor, Kiplinger Consumer News Service (TNS) If you’re a Kansas City Chiefs fan or a “Swiftie,” you might have wondered recently whether Travis Kelce and Taylor Swift are dating. But all the excitement and talk about Taylor’s appearance at an NFL game has also raised questions about what Eras Tour tickets have to do with taxes.

income tax 122

income tax tax return Kansas Tax 122

CPA Practice

JANUARY 30, 2023

Tax pros are not likely to be confused with Einstein. Yet there are areas of tax practice that are moving from the intuitive to the concrete. tax on the first $160,200 of your 2023 SE income. on all of your SE income. All of this is before your income tax liability. You pay an additional 2.9%

Tax 98

Tax Kansas income tax 98

TaxConnex

JULY 12, 2022

There’s always something changing in the world of tax, especially sales tax. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. its Sales Tax Bulletin No. Here’s a review of some of the recent changes and updates. Indiana modified?its

Sales 178

Sales Tax Oklahoma Illinois 178

CPA Practice

OCTOBER 2, 2023

Taylor, Kiplinger Consumer News Service (TNS) If you’re a Kansas City Chiefs fan or a “Swiftie,” you might have wondered recently whether Travis Kelce and Taylor Swift are dating. But all the excitement and talk about Taylor’s appearance at an NFL game has also raised questions about what Eras Tour tickets have to do with taxes.

income tax 103

income tax tax return Kansas Tax 103

TaxConnex

DECEMBER 29, 2022

New sources of tax revenue, old ones robust but sputtering in spots, tax holidays as political tools amid inflation: It’s been a year of new trends in sales tax. Heading into the new year, state sales tax revenues were up coast to coast, often by double-digit percentages. Add that U.S. Too much or too little?

Sales 130

Sales Tax Maryland Louisiana 130

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

MyIRSRelief

NOVEMBER 29, 2019

One of the most important things that a business must report is certain tax information for employment payroll on a quarterly and annual basis. They are required by the IRS to report the amount of 941/940 employment payroll taxes that have been either withheld from employees or what they owe to the government.

payroll 140

payroll payroll tax Tax income tax 140

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

PYMNTS

OCTOBER 24, 2019

Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court.

Sales 40

Sales Tax Kansas South Dakota 40

CPA Practice

JANUARY 31, 2023

The new Bennett Thrasher partners are: Nina Desai DiAndria Green Dane Harris Ray Lee Gabe Rivers Brian Sengson Chris Tomaselli Nina Desai focuses on R&D tax credits in Bennett Thrasher’s Credits and Incentives practice. Her experience includes helping claim tax credits for clients of all sizes, from startups to Fortune 500.

New Hampshire 110

New Hampshire Georgia Virginia public accounting 110

CPA Practice

NOVEMBER 1, 2023

Bureau of Economic Analysis figures compiled for Stateline by the Urban-Brookings Tax Policy Center in Washington, D.C. Some of the highest-income areas in the country, including Connecticut and the District of Columbia, were in the bottom 10 for income growth. The knocks to personal incomes affected state revenues.

North Dakota 52

North Dakota South Dakota Utah Connecticut 52

PYMNTS

DECEMBER 2, 2019

The PSAF is “an allowance for income taxes and other imputed expenses that would have been paid and profit that would have been earned if the Reserve Banks’ priced services were provided by a private business,” per the release. The 2020 private-sector adjustment factor (PSAF) of $18.9 million was also approved.

Kansas 40

Kansas income tax Tax 40

ThomsonReuters

OCTOBER 19, 2022

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans.

income tax 64

income tax Kansas Kentucky Tax 64