Withum

JUNE 22, 2023

Many taxpayers have been closely monitoring Congress to see if tax extenders could provide much-needed federal income tax relief regarding the 2021 and 2022 Tax Cuts and Jobs Act sunset provisions, including R&E capitalization and the tightening of the interest expense limitation rules. Evaluating the U.S.

Tax 52

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CPA Practice

AUGUST 15, 2023

Date: Tuesday, September 12, 2023 Time: 3 PM EDT / 2 PM CDT / 12 PM PDT / 7 PM GMT Sponsor: Drake Software Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in. Program level: Basic (no prerequisites required).

Tax 52

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ThomsonReuters

APRIL 25, 2024

When it comes to navigating the tax landscape of 401(k) contributions and withdrawals, it’s important for accountants to stay informed and help clients make tax-efficient decisions during their retirement years. Jump to: Is a 401(k) pre-tax? Is there a 401(k) inheritance tax? Is there a 401(k) inheritance tax?

Tax 52

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Withum

APRIL 20, 2022

In this series opener, we will discuss the most pressing state and local tax (SALT) issues affecting your business. We will touch on several topics impacting both state income taxes and sales tax including Economic Nexus, Sales/Use Tax (i.e. View More On-Demand Webinars. View Slide Deck. Presenters.

Tax 52

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ThomsonReuters

OCTOBER 1, 2021

As the effects of the pandemic continue to reverberate through the economy, resource-constrained corporate tax departments are unceasingly adapting to change — including new regulatory requirements, new ways of working, extended tax deadlines, Covid tax relief provisions and, now, the demands of a busy tax-filing season.

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Withum

DECEMBER 2, 2022

View On-Demand Webinar. Join Withum’s tax experts for a timely overview on year-end tax planning and how you can minimize your tax bill this year. View our on-demand webinar to : Review new tax legislation. Explore practical steps individuals and businesses can take before year-end to minimize taxes.

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ThomsonReuters

FEBRUARY 9, 2024

As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly.

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Withum

JUNE 15, 2022

This on-demand webinar will explore Public Law 86-272 from 1959 to present. Public Law 86-272 was enacted in 1959 to protect taxpayers from state income taxes when their sole activity in the state is limited to the solicitation and sale of tangible personal property. View More On-Demand Webinars. View Slide Deck.

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Cherry Bekaert

MARCH 28, 2024

The Inflation Reduction Act of 2022 (IRA) created the ability for certain tax-exempt and other governmental entities to receive a payment for investments into property that would otherwise qualify for a credit against federal tax liability. These regulations cover an entirely new regime of monetization in the federal tax realm.

Tax 59

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Xero

MARCH 18, 2024

From April 2024, your sole trader and partnership clients will need to follow a tax year basis for Income Tax as part of HMRC’s Basis Period Reform. The 2023/24 tax year is a transitional period, and you’ll need to do some extra admin to make sure your sole trader and partnership clients are compliant.

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Cherry Bekaert

AUGUST 10, 2023

How to Nearshore Your Supply Chain While Capturing Financial Gains and Avoiding Tax Pitfalls Modern supply chains have grown increasingly layered as they account for separate continental end markets, manufacturing facilities and scarce raw materials spread across multiple geographies.

Finance 98

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Withum

JANUARY 22, 2024

Learn how Withum helped a limousine company with its corporate income tax return to claim over $150,000 in electric vehicle tax credits. The Challenge EVs and the associated clean energy tax credits have evolved over the past year. The client had taken 2022 credits in relation to their qualified electric chargers.

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CPA Practice

JANUARY 18, 2024

In today’s fast-paced world, you are constantly juggling between client needs, regulatory demands, and staying abreast of ever-changing tax laws. Helping [your niche] stress less this tax season! Ready to check taxes of your to-do list? Saving [your niche] money one tax write-off at a time! link to your contact page] b.

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Katz,Sapper&Miller

APRIL 26, 2019

In the aftermath of tax reform, more carriers are considering implementing per diem plans which can provide clear payroll and income tax savings. However, running afoul of the IRS’s accountable plan rules can jeopardize these savings.

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ThomsonReuters

OCTOBER 28, 2021

Will this cause our cafeteria plan to lose its tax-advantaged status? ANSWER: The general rule is that a cafeteria plan will lose its tax-advantaged status if it fails to comply with the annual limit on health FSA salary reductions ($2,750 for plan years beginning in 2020 or 2021). a TPA); and. The error is timely corrected.

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Cherry Bekaert

MAY 12, 2023

These can include: Inventory delays and/or long cycle times Manufacturing and logistics workforce shortages Shifts in demand patterns Excess or obsolete inventory Deteriorated customer service Lost or delayed sales Lost profit Increasing tax implications How can the U.S.

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Nancy McClelland, LLC

APRIL 16, 2023

(c) Nataliya Vaitkevich via Pexels I used to find it annoying when a client would forward me an article about a tax deduction or credit, to make sure I would take it on their tax return. So, to make sure we’re all on the same page, here are a few choice tax benefits that are often overlooked.

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xendoo

APRIL 8, 2022

Many small business owners miss out on tax savings simply because they aren’t aware of what tax deductions are available. As professional accountants, we know all the small business tax deductions that can save you money, and we’re sharing them in this tax deductions checklist. . What is a tax deduction?

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Katz,Sapper&Miller

AUGUST 23, 2019

In the aftermath of tax reform, which impacted company drivers by eliminating the personal income tax deduction for out-of-pocket business expenses, more carriers are considering implementing per diem plans to help offset this change.

Transportation 44

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ThomsonReuters

JANUARY 13, 2022

When they contribute to their employees’ HSAs, however, employers must have a reasonable belief that the contributions will be excludable from the employees’ income. Without this reasonable belief, the contribution will be subject to federal employment taxes (e.g., income tax withholding and FICA).

income tax 98

income tax Education Tax Account 98

Katz,Sapper&Miller

MAY 21, 2019

In the aftermath of tax reform, which impacted company drivers by eliminating the personal income tax deduction for out of pocket business expenses, more carriers are considering implementing per diem plans. However, running afoul of the IRS’s accountable plan rules can jeopardize these savings.

Transportation 40

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ThomsonReuters

DECEMBER 17, 2021

In 2022, tax authorities around the world hope to finalize the myriad details that will shape a Global Minimum Tax on multinational corporations — if they can reach consensus and make it happen. Reuters noted that this is “an extremely tight timeframe given that previous international tax deals took years to implement.”.

Tax 52

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Withum

DECEMBER 2, 2021

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income tax 52

income tax Tax 52

xendoo

NOVEMBER 23, 2020

Are you claiming all the income tax deductions you’re entitled to? Real Estate Taxes. Any real estate taxes you pay to your state, city, and even another country are deductible. Money borrowed for investment (if the investment has more interest than income, you can carry forward the overage to next year).

Tax 52

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Anders CPA

DECEMBER 8, 2022

Anders hosted a panel for the final installment of the Not-for-Profit in the Know webinar series of the year featuring discussions around the most pressing issues facing not-for-profits today. View the full webinar recording or view the recap of the most pressing questions addressed below.

income tax 52

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ThomsonReuters

JANUARY 28, 2021

The IRS has released an updated version of Publication 502 for the 2020 tax year. Publication 502 describes the medical expenses that are deductible by taxpayers on their federal income tax returns. 1 (“Only Code § 213 Medical Care Receives Favorable Tax Treatment”). Available at [link]. Relevant dollar amounts (e.g.,

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Accounting Insight

SEPTEMBER 2, 2022

Making Tax Digital for Income Tax Self Assessment ( MTD for ITSA ) is fast approaching, bringing with it significant changes to the way many unincorporated landlords need to store and file their financial information. Find out more about how you can package MTD for ITSA into your pricing strategy.

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Nancy McClelland, LLC

FEBRUARY 13, 2022

The source is #15 in the IRS FAQ on the topic: This Journal of Accountancy article walks through the particular scenario where this relief — only for tax year 2021 — applies. The domestic partnership or S corporation has no knowledge that the partners or shareholders are requesting such information for tax year 2021.

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Going Concern

NOVEMBER 16, 2023

Join the Freelance Recruiting network by contacting us and letting us know which candidates you want to connect with.

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TaxConnex

MARCH 19, 2024

Wouldn’t it be amazing if your online business had to deal with just a single sales tax rate? Any business that sells into America knows that sales tax is still a complex web of different rates and requirements. What is the latest word on uniform sales taxes globally? 25-Fair Tax Act of 2023.

Tax 166

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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. Generally, taxpayers must reinvest the gains realized within 180 days of the transaction.

Real Estate 109

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PYMNTS

JANUARY 22, 2018

“It is really who you ask,” said BC Krishna, CEO and founder of MineralTree, in a previous webinar with PYMNTS’ Karen Webster. ” For the mid-market, T&E compliance is largely about taxes : “VAT, corporate income tax and also personal income taxes,” Deleval explained.

Expense Management 46

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TaxConnex

NOVEMBER 2, 2023

October 15 th ended the last major income tax due dates in 2023. Most CPAs use the fourth quarter of the year for audit and tax planning for clients, strategic planning for the firm and of course, CPE. Look out for our December webinar for an additional CPE credit!)

Sales 194

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ThomsonReuters

JUNE 14, 2021

The guidance is aimed at helping multi-state employers determine to which state wages should be reported and unemployment taxes paid. Being familiar with the DOL’s “localization of work” provisions may be helpful to employers that want to make sure wages are reported and unemployment taxes are paid to the correct state.

payroll 98

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Withum

OCTOBER 31, 2023

2023-33 on October 6, 2023, with additional information on how individuals buying used or new electric vehicles (EVs) can transfer a federal income tax credit to the auto dealership at the time of purchase, as opposed to claiming the credit on their federal income tax return.

income tax 72

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CPA Practice

JULY 27, 2023

And while smaller firms know they should deliver tax advisory services, they struggle with how to get started, the fees they should charge , and capacity issues. Interest by tax accountants in learning more about advisory is strong. Interest by tax accountants in learning more about advisory is strong.

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Going Concern

JULY 14, 2023

Prior to joining DLA, John served as a Partner with two National professional services firms, where he was the subject matter expert on business combinations, impairment analysis, income tax accounting, stock compensation, revenue recognition, and going concern analysis.

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