CPA Practice

APRIL 12, 2023

million people across the nation (state-by-state list below) have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. billion in refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. Need to file a 2019 tax return?

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

Anders CPA

NOVEMBER 4, 2024

Tax Manager Chrysa Cousley, MBA has been named has been named the 2024 Outstanding Young Professional by the Missouri Society of Certified Public Accountants (MOCPA). Chrysa enjoys working closely with tax department leaders to review processes and procedures internally to ensure we are a progressive department.

Missouri 52

Missouri tax return public accounting CPA 52

Anders CPA

JANUARY 23, 2023

Jane is a Certified Public Accountant in the state of Missouri and holds an M.S. Jane is a member of both the Missouri Society of Certified Public Accountants (MOCPA) and the American Institute of Certified Public Accountants (AICPA). A Certified Public Accountant in the state of Missouri, Stephanie holds a B.S.

Missouri 19

Missouri Real Estate Illinois public accounting 19

CPA Practice

SEPTEMBER 9, 2024

As a general rule, taxpayers should make estimated tax payments if they expect: To owe at least $1,000 in taxes for 2024 after subtracting their withholding and tax credits. Late and skipped estimated tax payments can incur penalties even if a refund is due when a tax return is filed.

West Virginia 95

West Virginia South Dakota South Carolina North Carolina 95

TaxConnex

FEBRUARY 9, 2023

In the case of a physical presence, these local taxes that are collected will need to be filed on directly with the local jurisdictions on their own sales tax return.

Sales 130

Sales Louisiana Alabama Tax 130

TaxConnex

AUGUST 22, 2024

The judge found that language in the tax’s “pass-through prohibition,” which bars digital advertising companies from passing along the tax using a different term, does partially restrict the speech of companies but that the plaintiffs failed to prove that the measure was wholly restrictive and unconstitutional.

Sales 147

Sales Tennessee Illinois Tax 147

CPA Practice

MARCH 21, 2024

This blog post sheds light on what makes personal property tax compliance in certain states particularly tricky. The personal property tax forms and procedures conundrum Filing property tax returns is the first hurdle your company must overcome if you do business in any of the 37 states that tax tangible personal property.

Rhode Island 119

Rhode Island Arizona Tax South Carolina 119

MyIRSRelief

JULY 3, 2023

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Certain factors, such as high claim amounts or inconsistencies in reported data, may trigger an audit. ERC IRS Audit Process 2.1 What Happens During an ERC Audit?

audit 130

audit North Carolina Oklahoma Ohio 130

ThomsonReuters

JUNE 14, 2021

The IRS has posted a June 2021 draft version of the Form 941 , Employer’s Quarterly Federal Tax Return, instructions that take into account the amended and expanded coronavirus (COVID-19) pandemic tax credits and the new COBRA premium assistance credit from the American Rescue Plan Act (ARPA). Federal News.

payroll 98

payroll Missouri Virginia Delaware 98

Anders CPA

FEBRUARY 14, 2023

The Missouri research and development (R&D) tax credit was reinstated as of January 1, 2023, clearing the way for more tax savings for businesses that engage in qualified research. The credit can be applied to tax years beginning on or after January 1, 2023. What Doesn’t Qualify for Missouri R&D Tax Credit?

Missouri 52

Missouri Tax income tax CPA 52

CPA Practice

OCTOBER 18, 2023

Of the 45 states (plus the District of Columbia) that have a general sales tax, 10 stand out as being especially tricky for sales tax compliance: Arizona, California, Colorado, Florida, Illinois, Louisiana, Missouri, New York, Tennessee, and Texas. To illustrate the knottiness, here are some examples.

Sales 59

Sales South Dakota Tax Missouri 59

CPA Practice

APRIL 14, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. People face a July 17 deadline to file their returns. million people across the U.S.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

APRIL 13, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. People face a July 17 deadline to file their returns. million people across the U.S.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

SEPTEMBER 12, 2024

Kansas City Michael Bean manages the investment portfolios of high-net-worth individuals and provides comprehensive financial planning services covering wealth management issues in the areas of tax, estate planning, investment management, corporate stock option planning, insurance and charitable planning.

Kansas 104

Kansas Pennsylvania audit accounting and finance 104

Anders CPA

JANUARY 7, 2025

In 2025, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, the minimum wage is increasing in Missouri and Illinois. Social Security Tax Withholding For 2025, the Social Security tax wage base for employees will increase to $176,100.

payroll tax 52

payroll tax payroll Missouri Tax 52

Anders CPA

JANUARY 1, 2024

In 2024, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, minimum wage is increasing in Missouri and Illinois. Social Security Tax Withholding For 2024, the Social Security tax wage base for employees will increase to $168,600.

payroll tax 52

payroll tax payroll Missouri Tax 52

Cherry Bekaert

JANUARY 22, 2024

Newly proposed legislation, the Tax Relief for American Families and Workers Act of 2024 (the Act) , could potentially move the deadline for the Employee Retention Credit (ERC) claim submissions to the end of January 2024. tax returns for the 2022 tax year.

Tax 52

Tax tax return Oregon Missouri 52

Going Concern

MAY 24, 2024

Audit: Hundreds of billions in errors in Missouri’s annual financial report [ The Center Square ] An audit of Missouri’s comprehensive financial report for 2023 found billions of dollars in errors and a need for improved internal controls and procedures.

audit 102

audit auditor accounting and finance accounting firms 102

inDinero Tax Tips

APRIL 26, 2023

S-corps can save on taxes because their taxable income is taxed only once. The owners of an S corp report income or losses on their personal tax returns, which are taxed at individual tax rates, not corporate rates. Be sure to consult this chart to determine the correct destination for your submission.

Tax 52

Tax Utah Missouri Kansas 52

inDinero Tax Tips

APRIL 11, 2023

The Delaware franchise tax A franchise tax is a state charge on corporations to conduct business in their state. Other states that have a franchise tax include Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma.

Delaware 52

Delaware Nevada Sales Oregon 52

Withum

NOVEMBER 17, 2022

Resident Clients: Resident partners/shareholders participating in a PTET (elective or mandatory) may not receive a credit for taxes paid to another state on their resident state income tax return. Dual Estimate Payment Requirements: In some states, a pass-through entity needs to make estimated payments against the PTET.

tax planning 52

tax planning Tax income tax New York 52

inDinero Tax Tips

APRIL 20, 2021

The Delaware franchise tax. A franchise tax is a charge by states on corporations to conduct business in their state. Currently, Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma have a franchise tax.

Delaware 58

Delaware Wyoming Nevada Oregon 58

ThomsonReuters

OCTOBER 19, 2022

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans. Not yet a subscriber?

Kansas 64

Kansas Kentucky income tax Missouri 64

CPA Practice

MAY 19, 2023

This goes after hairdressers and your neighbor’s kid, not billionaires, and will create a digital trail for IRS agents to monitor more Americans regardless of whether these individuals actually owe any taxes on the payments they received,” said a statement from its chairman, Jason Smith of Missouri.

Tax 98

Tax Louisiana Missouri Ohio 98

ThomsonReuters

FEBRUARY 12, 2021

The 2021 final version of Publication 15 is pretty similar to the draft version issued in December of 2020 and notes some items of importance like Certified Professional Employer Organizations (CPEOs) must e-file Forms 941 , Employer’s Quarterly Federal Tax Return , beginning in 2021 (except for the first quarter the CPEO was certified).

payroll 95

payroll income tax California Hawaii 95

Going Concern

AUGUST 28, 2023

Louis, Missouri-based branch of Deloitte, was awarded the T.E. Then he answered, “ We’re understaffed and we had a lot of income tax returns last year.” My return, by the way, was sent electronically on April 3, the same day my cpa firm sent my federal income tax return in electronically.

accounting firms 52

accounting firms CPA accountant accounted 52

TaxConnex

APRIL 22, 2025

Size doesnt matter Local tax obligations generally begin with states economic nexus thresholds. Some states have no tax jurisdictions other than the state-wide one. Others, like Texas, Iowa and Missouri, have more than a thousand.

Louisiana 147

Louisiana Colorado Alabama Alaska 147

Anders CPA

JANUARY 2, 2025

She is involved in all aspects of client audit engagements, including work paper and tax return review, engagement planning and scheduling. Stephanie is a Certified Public Accountant in Missouri and graduated from Quincy University with a B.S. She was also named a 2015 30 Under 30 by the St. Louis Business Journal.

Missouri 52

Missouri public accounting audit CPA 52

CPA Practice

OCTOBER 21, 2024

As a contractor for the federal government, he stole President Donald Trump’s tax returns—so sought after that they were locked up in a vault for protection—and leaked them to The New York Times. In October 2023, avoiding trial, Littlejohn pleaded guilty to one felony count of unauthorized disclosure of income tax returns.

tax return 52

tax return Tax income tax Washington 52