TaxConnex

APRIL 18, 2023

There’s always something changing in the world of tax, especially sales tax. New sales taxes are progressing in some states but not all. Alaska, one of the few states still without a statewide sale tax, is considering one as it tries to close a projected revenue shortfall of $450 million heading into the next fiscal year.

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Sales Tax North Carolina Alaska 130

CPA Practice

FEBRUARY 6, 2024

State and local taxes, also often referred to as SALT, are one of the most dynamic areas of tax practice, with thousands of jurisdictions across the U.S. imposing increases or newly-created taxes on real or other property. In response to the dismissal of the earlier state lawsuit, Apple Inc.

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South Dakota Tax Maryland income tax 124

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

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.

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income tax tax return Tax E-commerce 52

CPA Practice

MARCH 26, 2024

By Laura Davison, Bloomberg News (TNS) The progressive rallying cry of “tax the rich” has morphed into a popular policy stance with voters in the key states that will decide the 2024 election, enjoying support even among those who prefer billionaire Donald Trump, according to the latest Bloomberg News/Morning Consult poll.

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North Carolina Wisconsin Nevada Tax 69

CTP

FEBRUARY 29, 2024

Complex tax laws for filing and deducting gambling winnings and losses provide new hurdles for taxpayers. So, as an accountant of a gambling client, you need to have detailed knowledge about gambling winnings and losses, as well as all the rules and regulations related to tax on gambling income. Social players rarely bet.

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Gambling Tax Account accountant 105

CPA Practice

APRIL 7, 2023

The Department of Justice is warning taxpayers to choose their return preparers wisely as the April 18 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest. million in restitution.

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tax preparation Tax tax return income tax 132

CPA Practice

AUGUST 23, 2023

When it comes to a corporation’s relationship with its accounting firm, the firm itself is less important than the partner who leads its engagement team in lowering its tax rate, according to a new study from Iowa’s Tippie College of Business. Wilde’s team analyzed more than 94,000 tax returns of U.S. The study found….

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Tax business tax North Carolina tax preparation 98

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

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Rhode Island tax return Tax West Virginia 122

CPA Practice

OCTOBER 18, 2023

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

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business tax Tax Alaska South Dakota 59

ThomsonReuters

DECEMBER 7, 2022

Fiduciary tax comes with unique challenge s. As we know, governments collect taxes to fuel economic growth and fund investments in infrastructure, human capital, as well as the provision of services for individuals and businesses. What is fiduciary tax? The beneficiary pays tax on the assets they receive.

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Tax North Carolina income tax tax return 59

CPA Practice

NOVEMBER 2, 2023

One of the topics the minds of many tax and accounting professionals is the environment. In addition, tax incentives are a primary tool in the Act to encourage energy innovation. The Act: Extends and modifies the Production Tax Credit and Investment Tax Credit for renewable energy. By Diana Crawford, CPA.

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Tax North Carolina Agriculture cpas 115

CPA Practice

MAY 7, 2023

More impactful for tax advisors is that the history behind the tournament led to a section of the IRC code that provides for tax-free income for property owners across the U.S. Tax savings from the Augusta rule are best taken when planned prior to the deduction. throughout the year.

Real Estate 110

Real Estate Tax North Carolina cpas 110

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.

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payroll tax payroll South Dakota Rhode Island 52

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

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business tax Tax income tax payroll tax 52

Going Concern

SEPTEMBER 2, 2022

SEC Charges Advisory Firm and Executives with Devising an Elaborate Scheme to Defraud Clients out of More Than $75 Million [ SEC ] The Securities and Exchange Commission today charged two North Carolina-based executives, Gregory E. tax laws, giving the IRS $15 million to design a free “e-file” tax return system.

North Carolina 77

North Carolina Tax Idaho audit 77

CPA Practice

AUGUST 15, 2023

Jared Ballew, 2022-23 Chair of the ETAAC and Vice President of Government and Industry Relations at Taxwell; and Ann Campbell, CPA CIA and Drake Software Trainer will share an overview of the cyber threats that taxpayers and tax professionals face daily. Program level: Basic (no prerequisites required).

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Tax North Carolina Indiana CPA 52

CPA Practice

SEPTEMBER 28, 2023

A federal jury sitting in Atlanta has convicted Jack Fisher and James Sinnott of conspiracy to defraud the United States, conspiracy to commit wire fraud, aiding and assisting the filing of false tax returns and subscribing to false tax returns. billion in fraudulent tax deductions through this scheme. Attorney Ryan K.

North Carolina 110

North Carolina Georgia tax return Tax 110

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax.

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Delaware Nevada Tax Sales 52

CPA Practice

MAY 16, 2023

Background : The tax rules for deducting monetary gifts or cash-equivalents are relatively straightforward. For any charitable contribution of property exceeding $500, you must include with your tax return for the year the deduction is claimed a description of the property contributed.

North Carolina 122

North Carolina tax return Tax income tax 122

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

CPA Practice

MARCH 9, 2023

Werfel, a former acting commissioner of the IRS under the Obama administration, won the support of six Republicans, according to the NYT, despite increased scrutiny of the tax agency by many conservatives. Miller departed after the IRS admitted to improperly scrutinizing the federal tax-exempt status of some conservative groups.

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West Virginia North Carolina Iowa Alaska 59

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.

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North Dakota South Dakota Utah Connecticut 52

Going Concern

APRIL 5, 2024

KPMG Envisions AI as Part of Every Job in Its Global Workforce [ Bloomberg Tax ] KPMG partners who lead the firm’s global AI strategy are pursuing a quest to weave generative AI into all aspects of the organization’s work and touch every corner of its global network. The court heard the accused man has chosen to remain silent.

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auditor audit Oklahoma CPA 73

Going Concern

JULY 14, 2023

The closure leaves KPMG and PricewaterhouseCoopers as the only Big Four firms with offices in the Triad, both in Greensboro (North Carolina). In addition, tax & accounting firms are more likely to focus on financially material issues — including data governance management — given their IT governance expertise.

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North Carolina accounting firms accounting and finance audit 81

CPA Practice

MAY 27, 2023

Another conservative, Dan Bishop of North Carolina, was more blunt about what would happen if the deal wasn’t to his liking. “Are we going to tuck tail, take the first exit ramp off and walk away?” Freedom Caucus member Chip Roy said on the House floor on Thursday. It’s war,” he warned in a Saturday tweet.

North Carolina 52

North Carolina Utah Start-ups income tax 52

CPA Practice

JANUARY 10, 2024

With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers. With over a decade specializing in gambling taxes, this Las Vegas CPA has worked with everyone from professional poker players to casual sports bettors.

Gambling 80

Gambling Tax Account accountant 80

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware does tax companies. In 2011, Delaware garnered $860 million in taxes and fees from out-of-state business entities incorporated under its laws. With so few taxes, how does Delaware rake it in?

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Delaware Wyoming Nevada Oregon 64

ThomsonReuters

MARCH 15, 2021

March 15 used to be a day some might beware of for tax reasons because from 1918 to 1954 this date was the income tax filing deadline. Increasing the earned income tax credit percentage and phase-out percentage from 7.65% to 15.3% IRS tax tip on repayment of deferred Social Security taxes. In the U.S.,

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payroll Connecticut Massachusetts income tax 98