Accounting Today

JULY 21, 2025

Mobile, Alabama: Brandy Davis, 42, has been sentenced to five years of probation in connection with tax fraud. She operated Davis Tax Service with her cousin, Kenneshia Davis, at three locations in Mobile. income tax return. income tax returns and falsely reported that the $150,000 payment was for legal fees.

Rhode Island

Going Concern

JULY 18, 2025

A former auctioneer and real estate broker, Long has no background in tax administration. Bwosinde was sentenced to three years in prison for filing false income tax returns for his clients. Bwosinde was sentenced to three years in prison for filing false income tax returns for his clients.

audit

Withum

MAY 16, 2022

The COVID-19 pandemic has had a dramatic impact on commercial real estate values, and in some cases resulted in property no longer being able to support the debt with which it is encumbered. However, the resulting forgiveness of a portion of the debt does not automatically result in federal taxable income. Business Tax Services.

Real Estate

Cherry Bekaert

NOVEMBER 14, 2023

Contributor: Chelsea Payne , Senior Manager, Tax Services As the end of the year approaches, strategic planning remains crucial for taxpayers looking to optimize their financial positions and set the stage for a strong start in the upcoming fiscal year. Each state has different eligibility requirements and PTE election regimes.

Real Estate

Cherry Bekaert

JULY 12, 2024

Real Estate Market Trends The U.S. real estate market has been experiencing a significant increase in the demand for residential real estate due to a growing population of people looking to buy homes or invest in real estate properties. real estate market as a stable investment opportunity.

Real Estate

TaxConnex

JULY 12, 2022

The state extended its sales and use tax exemption for coal and aggregate exploration, mining, off-highway hauling, processing, maintenance and reclamation equipment to July 1, 2028. for how this will change sales tax filing and other taxpayer services?

Sales

Withum

JANUARY 19, 2022

Governor Murphy signed into law a bipartisan bill (S4068) that enhances the state’s electable pass-through entity (PTE) tax, known as the New Jersey Business Alternative Income Tax (BAIT) on January 18, 2022. For more information on this topic, please contact a member of Withum’s Real Estate Services team.

income tax

Withum

JANUARY 13, 2022

Q8: Will PPP loan forgiveness be taxable on my state income tax return? A8: Most states conform to the federal income tax treatment of PPP loan forgiveness but some states either disallow the expenses or treat the loan forgiveness as taxable. Q3: Are expenses used to claim the ERC deductible on my state income tax return?

Tax

ThomsonReuters

JANUARY 28, 2022

Tax accountants who only need office space for a few months out of the year must spend a lot of time before tax season looking for good options. In a tight real estate market, that can be hard to find. Stay top-of-mind with tax and accounting clients all year. Filing quarterly employment taxes.

Tax

CPA Practice

SEPTEMBER 12, 2024

Before joining Brady Martz, he served as President of Engineered Tax Services, Inc. ETS) and its family of companies, including The Growth Partnership, ABLE, and Engineered Technology Services. He is part of a team that works with businesses to deliver outsourcing, assurance, and tax services.

Kansas

ThomsonReuters

JULY 6, 2023

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do?

Tax

Going Concern

FEBRUARY 16, 2024

Detroit woman accused of being unlicensed real estate agent, CPA charged [ The Detroit News ] A Detroit woman accused of working as an unlicensed accountant and an unlicensed real estate agent has been charged, the Michigan Attorney General’s Office said.

Real Estate

Withum

JANUARY 25, 2023

The inability of Congress to include key tax extenders in the Consolidated Appropriations Act of 2023, signed into law on December 29, 2022, will increase the federal income tax bill for the majority of U.S. Coming into the new year, business owners likely breathed a sigh of relief that no major tax legislation was passed.

Tax

CPA Practice

NOVEMBER 5, 2024

“By combining forces, GHJ is enhancing its ability to deliver greater value to clients through expanded expertise, innovative solutions, and a broader range of services designed to support their success,” GHJ said in a media release.

Real Estate

xendoo

JANUARY 12, 2022

You can use the information and the dates we provide to form a strategic plan for preparing and filing your taxes in 2022. What Is the Business Tax Filing Deadline for 2022? You may have already marked April 18, 2022, on your calendar to remind you to pay your personal income taxes.

business tax

Withum

NOVEMBER 17, 2022

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Postpone income until 2023 and accelerate deductions into 2022. Geography, such as distressed zones, enterprise zones, or tax-increment finance districts. Contact Us.

tax planning

CPA Practice

MARCH 13, 2023

Perfetto has worked with numerous large, publicly traded clients on complex accounting and audit matters such as acquisitions, impairment analysis, valuation, income tax provision, group audits, and management review controls. He also has significant experience working with mid-size and developing privately held businesses.

Real Estate

CPA Practice

FEBRUARY 8, 2023

Collectively, the professionals joining Andersen deepen the firm’s expertise serving high net worth individuals, families, and businesses across a range of industries, including real estate, manufacturing, construction, professional services, hospitality, entertainment, technology, retail, financial planning, and agriculture.

Real Estate

inDinero Tax Tips

JUNE 12, 2023

In the legal, real estate, or financial services industries, commingling client funds with personal is illegal. Having an experienced tax expert on your side is best for this approach. Quick Note: This article is provided for informational purposes only, and is not legal, financial, accounting, or tax advice.

payroll tax

xendoo

JANUARY 16, 2023

The term refers to when the IRS taxes the same income twice—once at the corporation level and again on an individual shareholder’s personal income tax. The IRS taxes corporations as separate legal entities, which opens them up to double taxation. The IRS then taxes them at the corporate income tax rate.

business tax

inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Our CPAs Answer Your Top 5 Burning Tax Questions.

Tax

xendoo

JULY 6, 2023

However, there are exceptions—like underreporting or foreign income mistakes—where the IRS may audit your returns from the past six years or anytime (if the IRS suspects fraud). For example, online bookkeeping and business tax services can file accurate returns, on-time for you so you avoid common audit triggers.

audit

xendoo

JULY 6, 2023

However, there are exceptions—like underreporting or foreign income mistakes—where the IRS may audit your returns from the past six years or anytime (if the IRS suspects fraud). For example, online bookkeeping and business tax services can file accurate returns, on-time for you so you avoid common audit triggers.

audit

LyfeAccounting

MAY 5, 2021

So naturally, people have started to want to know what capital gains tax rates are, and want to know how they will be impacted. Now, most people know about capital gains tax from the real estate they own. But, the capital gains tax extends beyond just real estate. Real Estate.

Tax

Withum

MARCH 3, 2023

The remaining five states do not impose a sales tax. To get started, you will need the following: Where the company currently files income tax, payroll tax, unclaimed property, and sales tax. Where your company has real or tangible personal property. What do I need to get started with Withum’s nexus tool?

South Dakota

inDinero Tax Tips

MAY 10, 2023

Not only will it make it easy for your to reference data if you file on your own, but having ready access to detailed records will also make it easy to solicit help from a tax professional or CPA who will need to understand your business and its year-long activities. Insurance such as health, malpractice, or unemployment is fully deductible.

business tax

Going Concern

JANUARY 19, 2023

Las Vegas tax preparer sentenced to prison for multiple fraud schemes King Isaac Umoren was sentenced to 13 years and three months in prison for filing false tax returns, aggravated identity theft, wire fraud, money laundering and impersonating an FBI agent. He was also ordered to pay nearly $9.7

Tax

Withum

MAY 13, 2025

While the bill could face additional adjustments in the Senate, it provides the framework for 2025 tax reform.The significant business income tax provisions are highlighted below. Specified taxes include state and local real property taxes, personal property taxes and income taxes.

Tax

Withum

MAY 13, 2025

While the bill could face additional adjustments in the Senate, it provides the framework for 2025 tax reform.The significant business income tax provisions are highlighted below. Specified taxes include state and local real property taxes, personal property taxes and income taxes.

Tax