CPA Practice

JULY 7, 2025

Surett earned a bachelor’s degree in accounting from Siena College in Loudonville, NY, and an MBA in finance from the State University of New York at Albany. He will be based out of UHY’s New York City office. Goodman also served as Executive Vice President at Young & Rubicam and Senior Vice President at IMG.

North Carolina

Withum

JUNE 24, 2025

Pass-Through Entity Tax (“PTET”) Deduction Even though the Tax Cuts and Jobs Act limited individuals to a state and local tax deduction of $10,000, 36states and New York City have developed PTET regimes where the state and local tax associated with the pass-through entity is assessed at the entity level.

Tax

Shay CPA

JULY 16, 2025

Over the last 20 years of being an accountant, I’ve opened my fair share of mail to find tax notices so daunting they could wake you in cold sweat. These letters—from federal, state, or city agencies—might demand income tax, franchise tax, sales tax, unemployment insurance, or workers’ compensation.

Delaware

Accounting Today

JUNE 5, 2025

.: CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 Philadelphia: Tax preparer James J.

Tax

Accounting Today

JULY 24, 2025

Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS. He underreported his taxable personal income, which resulted in his evading at least $1.9 million in income tax. million in taxes.

Tax

CPA Practice

JULY 16, 2025

Last October, Armanino said it had received a minority investment from Further Global Capital Management , a New York-based employee-owned private equity firm that makes investments in businesses within the financial services industry.

Technology

Accounting Today

JUNE 6, 2025

The new client hub (currently in beta) provides a centralized view of client information, files, folders and projects so firms gain access to the details they need to move work forward. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details.

Technology

CPA Practice

JUNE 19, 2025

from the New York University Stern School of Business and an undergraduate degree from Montclair State University. She is also a Chartered Financial Analyst (CFA).

Real Estate

MyIRSRelief

OCTOBER 11, 2024

An Enrolled Agent can help ensure that you are taking advantage of all available deductions and credits to minimize your tax liability. They will carefully review your income, expenses, and other relevant information to prepare accurate and timely returns.

tax services

CPA Practice

JULY 11, 2025

But then also the tax research products are on the floor, Blue Jay and hatch, GPT, Portal, products like trust and I can just keep going and going.

Technology

Accounting Today

JUNE 9, 2025

So youre in New York, you get a job in California, you relocate. 20 years ago when I moved from New York to Florida, I moved my business down here. One in particular was Mike Lawler, who is I believe from the Westchester Rockland area just north of New York City. New York is a three year cycle.

Washington

Accounting Today

JULY 21, 2025

Most of the companys income was generated from the Ohio Department of Disabilities, which receives its funding through Ohio Medicaid. IRS records analysis confirmed that the defendant did not file income tax returns for 2015 and 2016, but he eventually prepared and filed those documents two years later, in April 2018.

Rhode Island

Withum

JUNE 26, 2025

Some states, such as New York, have their own decanting statutes independent of the UTDA. EIN : as long as the new trust is a continuation of the old trust – no new EIN is necessary. Risks and Considerations Tax Implications : Improper decanting can trigger gift, estate, or income tax consequences.

South Dakota

Accounting Today

JUNE 26, 2025

New York: CPA Kimberly Johnson, Bronx, indefinite from Nov. Klein, in New City, New York, (effective July 22, 2024). San Jose, California: Execs Lalo Valdez and Matthew Olson have pleaded guilty to not paying over employment taxes to the IRS. Gordon, Raymond, indefinite from Feb. Missouri: CPA William R.

Tax

Going Concern

APRIL 11, 2025

Asset Management and PE Practices [ INSIDE Public Accounting ] KPMG LLPof New York has announced three new leaders for its U.S. sector leader for asset management; David Neuenhaus appointed tax sector leader for asset management; Matt Giordano appointed audit sector leader and audit service line leader for asset management.

audit

Going Concern

JANUARY 31, 2025

Moving forward, the New York team will continue to serve its business and tax clients. Students had to research tax law and determine key tax calculations including depreciation, amortization, the qualified business income deduction, and total income tax, including net investment income tax.

cpa firm

Withum

JANUARY 30, 2025

Federal tax reform will include the extension of tax provisions provided under the Tax Cuts and Jobs Act that are set to expire on Dec. If federal tax reform cannot be passed, the vast majority of individual and private businesses federal income taxes will significantly increase.

Tax

Going Concern

JUNE 6, 2025

Top Remote Tax and Accounting Candidates of the Week | June 5, 2025 Tax I.R.S. Upheld a Biden Pledge: More Audits, but Only on the Wealthy [ New York Times ] Daniel Werfel, the I.R.S. The compliance burden for Form 1040 for individual income taxes reached $144 billion, an all-time high.”

audit

Dent Moses

JUNE 9, 2025

This proposal faces strong pushback from the GOP’s SALT caucus, mainly representatives from high-tax states like New York. Notably, Alabama’s Pass-Through Entity (PTE) tax election, which allows pass-through entities to bypass the SALT cap by paying state income tax at the entity level, remains unaffected by this change.

Tax

TaxConnex

JULY 1, 2025

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. General sales tax collections were 1.9%, or $2.2 above in New York, Utah and Mississippi. below in Connecticut.

Sales

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. Read the full story.) ILLINOIS Jason Van de Loo was appointed CEO at Choreo, Chicago.

Oklahoma

CPA Practice

JULY 7, 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 (..)

Tennessee

CPA Practice

JULY 7, 2025

Requirements in San Francisco aren’t the same as requirements in New York City. New York state provides helpful information on its Start a Business in New York State page. Avalara offers comprehensive support with license research, registration, and filing for new and growing businesses.

Technology

CPA Practice

JULY 25, 2025

By Mark Weiner syracuse.com (TNS) WASHINGTON — Micron Technology stands to gain about $5 billion in new tax breaks for its massive chipmaking complex in Central New York after President Donald Trump’s big bill boosted incentives for chip plants. Separately, New York agreed to provide $2.2

Tax

Withum

JULY 16, 2025

The bill includes a variety of tax items that will impact auto dealer business taxes, personal income taxes and estate and gift taxation. Business Tax Provisions Section 168(k) “Bonus” Depreciation The bill permanently extends 100% bonus depreciation for qualified property acquired after January 19, 2025.

Rhode Island

Shay CPA

JUNE 18, 2025

New York City has established itself as a global leader in technology and biotech innovation, fostering an ecosystem that supports startups and established companies alike. Tax Benefits and Financial Incentives New York State Tax Benefits Companies receive tax credits, deductions, and financial support to help lower operating costs.

Technology

Withum

JULY 9, 2025

Notably, it increases the maximum tax credit available to a New Jersey Studio Partner from 35% to 40% of qualified expenses incurred within a 30-mile radius of Columbus Circle in New York City. Film Tax Credit Program Credit Rates – 35% on wages and salaries for work performed in NJ.

New Jersey

CPA Practice

JULY 24, 2025

The four-week moving average of new applications, a metric that helps smooth out volatility, fell to 224,500, also the lowest in three months. Claims data tend to be volatile, especially in summer when schools are on vacation and auto plants temporarily lay off workers during retooling for the new model year.

Technology

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

CPA Practice

JULY 17, 2025

The four-week moving average of new applications, a metric that helps smooth out volatility, dropped to 229,500—the lowest since early May. New York, Nevada and Texas saw the largest unadjusted increases, while claims fell in Michigan, New Jersey and Tennessee. Still, some large companies such as Recruit Holdings Co.

Technology

CPA Practice

MAY 8, 2023

After all, if $3,729 of your annual salary goes to state income tax, moving to a state that doesn’t tax income could potentially save you nearly $75,000 over 20 years. According to the IRS data, the Carolinas, where property taxes are below the national average, are also popular relocation spots. Census Bureau.

New York

MyIRSRelief

MAY 19, 2023

New York is known for being a hub of commerce, culture, and innovation, attracting businesses and individuals from all over the world. With this bustling economy comes a complex tax system, which can be overwhelming and confusing for many taxpayers. Contact us for tax help today. Contact us for tax help today.

New York

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

Withum

AUGUST 8, 2023

Whether it is manufacturers, clothing designers, software developers, plant breeders, winemakers, or engineers, businesses across New York State are shocked to hear how significantly their federal tax bills are increasing for the 2022 taxable year even when their earnings remain the same.

New York

TaxConnex

AUGUST 18, 2022

Now, other tax developments may serve as the model for eventual physical sales tax nexus created by remote employees: For income tax purposes, residency can be based on where someone works, maintains bank accounts, maintains a driver’s license or votes, as well as by numerous other details of connection with a state or jurisdiction.

Sales

Cherry Bekaert

JULY 14, 2023

More and more states treat software-as-a-service (SaaS) or platform-as-a-service (PaaS), hosting services and other data-processing services as taxable services and subject to sales tax, which shouldn’t be ignored. However, state income tax issues for PTEs generally receive less attention in the technology industry.

income tax

Accounting Today

MARCH 7, 2024

New York State and the Internal Revenue Service have developed a new program that allows eligible New Yorkers to e-file their federal and state personal income tax returns for free.

New York