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 98

Tax tax return income tax audit 98

CPA Practice

MAY 10, 2024

Erin Eberly has been named the partner-in-charge of KSM’s tax services. In this role, Eberly leads tax professionals across the firm to deliver tax compliance and consulting services with excellence. Together, with CEO and President Tim Cook, they comprise KSM’s executive committee, the firm’s leadership team.

Tennessee 65

Tennessee audit New York income tax 65

Withum

APRIL 5, 2023

Section 1202 was enacted in 1993 and excludes certain percentages of gain triggered on the sale of Qualified Small Business Stock (“QSBS”) provided the stock is held for more than five years. Therefore, none of Angela’s gain on the sale of QSBS would be taxable at the federal income tax level. That was not a typo!

income tax 69

income tax corporation tax Tax Sales 69

Withum

JUNE 1, 2022

It is not uncommon for businesses to utilize First-In-First-Out (“FIFO”) for internal reporting purposes but use the Last-In-First-Out (“LIFO”) method for external reporting purposes, such as for US GAAP and federal income tax. Taxpayers should be monitoring their COGS and higher sales prices due to inflation. Wait and See.

business tax 119

business tax Tax income tax tax return 119

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 52

Real Estate Agriculture Iowa income tax 52

Withum

MARCH 3, 2023

Supreme Court interpreted sales tax nexus under the Commerce Clause as a minimal physical connection with a state; however, in South Dakota v. In a state with nexus, meeting an established threshold can now be considered sufficient connection with a state for sales and use tax purposes. Wayfair, 138 S. Who needs it?

South Dakota 52

South Dakota Tax Real Estate Sales 52

xendoo

JANUARY 31, 2022

By itself, a Schedule C will not count as an acceptable tax filing form. Instead, a Schedule C must be submitted along with your personal income taxes using Form 1040. Your Schedule C can be submitted electronically with your personal income tax or stapled to your paper form. Is a Schedule C the Same as a 1099?

tax preparation 122

tax preparation business tax income tax Tax 122

xendoo

AUGUST 2, 2023

Fewer options for raising capital compared to corporations Offer greater flexibility in management and ownership structure The multi-member structure can become complex How LLC taxes work LLCs don’t pay corporate income tax. Instead, they pass through their tax liability to the business owners. tax savings.

Tax 52

Tax income tax Non-Profits tax return 52

xendoo

AUGUST 2, 2023

Fewer options for raising capital compared to corporations Offer greater flexibility in management and ownership structure The multi-member structure can become complex How LLC taxes work LLCs don’t pay corporate income tax. Instead, they pass through their tax liability to the business owners. tax savings.

Tax 52

Tax income tax Non-Profits tax return 52

Withum

JULY 12, 2023

This results in the elimination of a 3-factor apportionment formula, thereby adopting a single sales factor (SSF) formula, in addition to market-based sourcing (MBS) for service providers. As SSF/MBS is effective January 1, 2023, the provision includes estimated tax penalty and interest relief for qualifying taxpayers.

New Jersey 52

New Jersey Tax business tax income tax 52

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 81

Tax income tax Real Estate Start-ups 81

MyIRSRelief

APRIL 15, 2021

Lately, there has been a lot of talk surrounding R&D tax credits, and how they can potentially benefit large and small companies alike, regardless of which industry you happen to be involved in. This is a dollar-for-dollar offset of any federal income tax liabilities, as well as payroll tax liabilities in special circumstances too.

Tax 100

Tax payroll tax tax return Start-ups 100

Ryan Lazanis

OCTOBER 24, 2022

The big benefit of fixed-pricing is that you just need to quote once and use those costs each time a small businesses client requests a service. If you have a ton of sales inquiries, it may make more sense to implement this approach if your main goal is rapid growth and cash flow. Value Pricing. Define the Scope.

bookkeeping services 98

bookkeeping services Account accountant accounted 98