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State CPA Society News & Updates – September 2023

CPA Practice

The Iowa Society of CPAs or ISCPA is offering their Fall CPE Conference September 21-22, 2023 at the Hilton Garden Inn in Cedar Rapids. The conference offers 16 CPE credits and offers a variety of topics including tax, accounting, and auditing.

CPA 111
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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

Out-of-State Employees Your business clients who hire employees in other states must register with that state’s tax department to contribute payroll and unemployment taxes. Your client will be assigned an employer tax account number for the state.

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How to Efficiently Complete a Business Personal Property Rendition

CPA Practice

Most states tax personal property owned by businesses and require businesses to complete and file a personal property rendition every year. The exceptions to that rule are Delaware, Hawaii, Illinois, Iowa, Minnesota, New Hampshire, New Jersey, New York, North Dakota, Ohio, Pennsylvania, and South Dakota.

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Demystifying Taxes for Startup Founders: Deadlines You Need to Know

Shay CPA

ASAP: Check state deadlines While a lot of states follow the IRS’s lead and require tax filings by mid-April, not all do. Usually, there’s not a ton of deviation from the IRS’s date — Iowa requires corporate income taxes by April 30, for example.

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Property tax 101

ThomsonReuters

Accountants who help clients effectively manage property taxes can further strengthen their role as a trusted advisor. As a significant source of state and local revenue in the United States, the importance of property taxes is not to be underestimated.

Tax 52
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Deep Dive: How Not To Lose A Bundle On Bundled Taxes

PYMNTS

Not all states agreed with this decision, but New York’s determination set a precedent, and raised questions for tax officials and sellers alike. . States continue to grapple with how collections of taxable and nontaxable items listed together under a single sales price should be treated.

Tax 52