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Scary Numbers: How To Effectively Deal With Tax Notices

Shay CPA

The shocking notice Imagine seeing a letter that says you owe nearly half a million dollars in back taxes. That’s exactly what happened to one of our clients—a VC-backed New Jersey tech firm—when a former California-based remote employee applied for unemployment benefits in 2021.

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Tech news: Bloomberg announces new features for AI Assistant

Accounting Today

Through this integration, Bitwave customers will gain access to BVNKs embedded stablecoin wallets to pay invoices in USD, settle in stablecoins; accept payments in stablecoins, receive fiat; simplify reconciliation and automate GAAP/IFRS reporting; and access automated workflows for tax, accounting and compliance. …

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On the move: RRBB adds partner

Accounting Today

MISSOURI Duke Johnson Duke Johnson, a senior accountant at KPM CPAs & Advisors, Springfield, earned his CPA license. NEW JERSEY Dan Laidlaw Dan Laidlaw was hired as a partner at Rosenberg Rich Baker Berman and managing member at RRBB Advisors, Somerset, joining the assurance and SEC practices.

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Enrolled Agent Near Me: Comprehensive Tax Services for Individuals and Businesses

MyIRSRelief

Serving greater Los Angeles, Santa Monica, Beverly Hills, Culver City, Pasadena, Glendale, Burbank, Palmdale, Lancaster, Sherman Oaks, Van Nuys, Long Beach, Whittier, La Mirada, Hollywood, Torrance, Malibu, Inglewood, Manhattan beach, El Monte, Pomona, Calabasas, Compton, Santa Clarita, Palos Verdes, San Gabriel, SFV, Downey, Norwalk, Bell, Carson, (..)

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Advanced Section 1202 (QSBS) Planning for S Corporations

CPA Practice

Many states, but not all, including notably California and New Jersey, do not follow the federal treatment of QSBS. [2] 2] Section 1202(c)(1). [3] 3] Section 1202(c)(1)(A) provides that QSBS is stock in a C corporation if “as of the date of issuance, such corporation is a qualified small business.”

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State Tax Break for New Jersey Cannabis Companies

Withum

On May 8, 2023, Governor Phil Murphy signed into law A3946 , which effectively decoupled New Jersey from Federal Internal Revenue Code (“IRC”) section 280E. The bill, which has been making its way through the New Jersey legislature since May 12, 2022, states, “For cannabis licensees, New Jersey gross income under subsections b.

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Sales Tax Updates: What’s new in sales tax for April?

TaxConnex

New Jersey has begun a multi-phased modernization of its tax-filing system. In early 2025, sales and use tax filers and tax preparers will have a new self-service portal that aims to provide more control over taxpayer’s own accounts, providing faster access, easier filing and better assistance with tax account information.