ThomsonReuters

JUNE 27, 2025

Key provisions include the permanent extension of select elements from the Tax Cuts and Jobs Act (TCJA), as well as the implementation of campaign promises from the Trump Administration, most notably, proposals to eliminate federal income tax on overtime pay and employee tips. The case, Ames v.

payroll

Accounting Today

JULY 21, 2025

Warren, Ohio: Business owner Sidney L. of Warren, Ohio, has pleaded guilty to failing to report three years business earnings to the IRS. Most of the companys income was generated from the Ohio Department of Disabilities, which receives its funding through Ohio Medicaid. income tax return.

Rhode Island

Going Concern

JANUARY 21, 2025

Relevant recent article (I just really like this headline ok): Ohio to the AICPA: Suck It, Losers A Tennessee accountant behaved badly : A Franklin Certified Public Accountant, has been charged with wire fraud, money laundering and tax fraud in a federal court. Meehan and E. Rick Scott (R-Fla.), Jacky Rosen (D-Nev.),

accountant

TaxConnex

JULY 1, 2025

Ohio has expanded its sales tax holiday this year to the entire first two weeks of August. Almost all tangible personal property priced at $500 or less is tax-free. Hot areas for sales tax. Nationally, state tax revenue was 3.2% General sales tax collections were 1.9%, or $2.2 above trend in Wyoming to 0.2%

Sales

CPA Practice

JULY 24, 2025

Before adjusting for seasonal factors, initial claims plummeted by more than 45,000, led by big states like New York and California, as well as in Michigan, Missouri and Ohio—which are home to car factories. With assistance from Chris Middleton.

Technology

CPA Practice

JULY 31, 2025

FutureEd studied eight states —Arizona, Arkansas, Florida, Iowa, Indiana, Ohio, Oklahoma and West Virginia—where 569,000 students participated in school choice programs at a cost to taxpayers of $4 billion in 2023-24. What do these programs look like across the country?

Arizona

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 10, 2025

1 Spot on CNBC’s Top States for Business List North Carolina bested Texas, Florida, Virginia and Ohio to finish No. 1 Spot on CNBC’s Top States for Business List North Carolina bested Texas, Florida, Virginia and Ohio to finish No. 1 on CNBC’s latest annual ranking of best states for business. Visit charlotteobserver.com.

North Carolina

Patriot Software

OCTOBER 14, 2022

If you have an employee in Ohio, you need to include the Ohio school district number on Form W-2. The Ohio Department of Taxation is requiring this change to help reduce the number of reporting errors on individual income tax returns. Form W-2 reporting requirement in Ohio […] READ MORE.

Ohio

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

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

TaxConnex

JULY 12, 2022

There may still be changes to Mississippi’s sales tax on software, as the Governor?has Ohio revised its sales and use tax rule to add certain exempt construction contractor purchases. for how this will change sales tax filing and other taxpayer services?when when the transition occurs.

Sales

Cherry Bekaert

APRIL 22, 2024

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.

South Carolina

Cherry Bekaert

AUGUST 10, 2023

Previously, the PTET was computed on the entity’s Minnesota-source income for both resident and non-resident qualifying owners. Ohio Ohio’s Fiscal Year 2024-2025 budget bill was recently signed into law. Under this legislation, Ohio Rev. Louisiana Louisiana House Bill No. Code Section 5747.05

Alabama

CTP

MARCH 30, 2023

In these three related appellate cases, the IRS sought to recharacterize millions of dollars that had been paid as commissions into a domestic international sales corporation (DISC) and then shielded from income tax when the DISC contributed the funds to a Roth IRA. Congress created Roth IRAs to enable taxpayers to reduce taxes.

Ohio

TaxConnex

APRIL 18, 2023

WalletHub has a new survey of states’ tax burdens. WalletHub compared the 50 states across the three tax types of state tax burdens — property taxes, individual income taxes and sales and excise taxes — as a share of total personal income in each state. Heaviest and lightest.

Sales

CPA Practice

APRIL 3, 2024

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.

Rhode Island

CPA Practice

APRIL 12, 2023

By missing out on filing a tax return, people stand to lose more than just their refund of taxes withheld or paid during 2019. Many low- and moderate-income workers may be eligible for the Earned Income Tax Credit (EITC). The EITC helps individuals and families whose incomes are below certain thresholds in 2019.

Rhode Island

CPA Practice

APRIL 9, 2024

Unlike tax rates, which vary widely based on an individual’s circumstances, tax burden measures the proportion of total personal income that residents pay toward state and local taxes, according to WalletHub. Maine has the highest property tax burden, while Alabama has the lowest. 1 being the highest and No.

Rhode Island

CPA Practice

JULY 1, 2025

in Ohio The top 30 accounting firm has its first location in Ohio after merging in Cincinnati-based CPA firm Flynn & Co. Going beyond a plan for smart student loan decisions, business-minded prospective students want to choose a field of study that will help them build a strong career with a high return on investment (ROI).

Technology

PYMNTS

MAY 22, 2020

The measure limits independent contractors and the self-employed to borrow up to two months of their pay based on their 2019 income tax return or $15,385, whichever is less, toward forgiveness. As a result, most of their receipts will constitute net income.”.

Ohio

TaxConnex

OCTOBER 8, 2024

North Dakota Office of State Tax Commissioner: All there from the get-go – background, marketplace facilitators, exemptions, forms and recent rate changes, among other topics. Ohio Department of Taxation: Solid backgrounder with handy task links. Oklahoma Tax Commission: First result is the plain English, user-friendly background page.

Sales

ThomsonReuters

APRIL 25, 2024

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

South Dakota

ThomsonReuters

NOVEMBER 2, 2021

The level of intricacy in corporate tax return filing requirements, coupled with frequent changes in tax laws, makes the job of accurately filing corporate taxes time-consuming and complicated. Read on for a guide to preparing and filing corporate income tax returns. Does every corporation file income tax returns?

tax return

CPA Practice

OCTOBER 23, 2024

Email (Required) Number of Employees at Your Firm (Required) Number of Employees at Your Firm Sole Proprietor 2 To 4 5 To 9 10 To 19 20 To 49 50 Or More Full Name (Required) State / Province (Required) State / Province Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas (..)

Rhode Island

Going Concern

NOVEMBER 17, 2022

Those falsely accused of fraud were subjected to quadruple penalties and collections techniques such as wage garnishment and seizure of income tax refunds. Deloitte said at that time it would offer free credit monitoring services to all PUA applicants in Ohio for a year.

Rhode Island

CPA Practice

AUGUST 26, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve? million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve?

Rhode Island

Anders CPA

MAY 15, 2023

Below we dive into the state and unemployment tax responsibilities employers need to know. It’s important to remember an out-of-state employee will be considered an employee in the state in which they work , not the state in which the business is based or in which the employee lives.

payroll tax

CPA Practice

SEPTEMBER 20, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces? million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?

Rhode Island

CPA Practice

SEPTEMBER 3, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use? million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use?

Rhode Island

CPA Practice

MAY 10, 2024

Scott’s focus is primarily on state corporate income and franchise taxes, but he also has experience with state personal income taxes, sales and indirect taxes, and gross receipts taxes Smith is a member of the Tennessee Bar, Washington, D.C.

Tennessee

Cherry Bekaert

NOVEMBER 16, 2023

If a refund check was received, void it, include a statement for “ERC withdrawal,” and return it with an explanation to Cincinnati Refund Inquiry Unit, PO Box 145500, Mail Stop 536 G, Cincinnati, Ohio, 45250. The IRS will send a letter telling you if the withdrawal was accepted or rejected.

tax return

CPA Practice

JULY 19, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system? million – $4,999,999 $5 million – $10,000,000 Over $10 million Do you have a document management system?

Rhode Island

Withum

MARCH 27, 2024

Due to the new requirement to defer research expenditures in the 2022 taxable year, the company has ceased to invest in a new Ohio manufacturing plant worth $400 million and has significantly decreased its $200 million annual research spending. and other innovative countries. manufacturing and production of the desired chemical.

Finance

CPA Practice

APRIL 25, 2024

While these are not technically sales taxes per se, they pose similar challenges to indirect tax teams. In 2023, several states including Maryland and Pennsylvania implemented new green fees; Ohio, Tennessee, and Florida deployed new sales tax exemptions or updated their existing exemptions; and Minnesota brought on new delivery fees.

Sales

ThomsonReuters

OCTOBER 20, 2020

The results of the Checkpoint Catalyst Survey of States’ Approach to Temporary Telecommuting survey show that the business tax consequences of COVID-19 telecommuting for companies large and small are unclear in most states. At issue in these circumstances is the concept of a tax nexus , or connection, with the state.

South Dakota

CPA Practice

JUNE 20, 2023

That feature hasn’t been included in prior iterations of the bill, nor is it part of a Senate companion bill that also includes an expansion of earned-income tax credits for low-income workers. Sherrod Brown, D-Ohio, is the lead sponsor, and it has 40 co-sponsors including Finance Chair Ron Wyden, D-Ore.,

Tax