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Top 10 States for Credits and Incentives Opportunities

Cherry Bekaert

The credit may be used against income tax, and excess credit may be used against payroll withholding tax in certain situations. The South Carolina tax credit is claimed in the following year after job creation, and the tax credit may only be used against 50% of the company’s income tax liability.

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What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

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. Not yet a subscriber?

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

Former Kentucky accounting firm employee guilty in $363,657 theft from a client [ Lexington Herald Leader ] A Central Kentucky woman has admitted stealing more than $300,000 from a client she worked for as a bookkeeper.

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