Shay CPA

DECEMBER 7, 2022

Specifically, you should look at: Payroll accounts, including withholding, Department of Labor, and state unemployment insurance accounts. Sales tax accounts. State franchise and income tax accounts. New Jersey. New York (and New York City, in particular). File a final corporate tax return.

tax accountant 59

tax accountant Tax tax return Account 59

CPA Practice

MARCH 7, 2023

For example, it makes sense to suggest electing S Corp status to your clients when their self-employment tax burden exceeds the tax burden if the corporation converted to an S Corp. For businesses structured as corporations, being an S Corp can help them avoid paying taxes at the corporate and shareholder levels.

New Hampshire 115

New Hampshire Tax tax return income tax 115

MyIRSRelief

MAY 1, 2024

They stay current on the latest regulations, ensuring your business maximizes legal tax breaks on forms like 1120, 1120S, and 1065, while minimizing liabilities. Compliance Navigation: Tax compliance goes far beyond just filing. Year-round support and assistance with any tax-related questions or concerns that may arise.

Tax 130

Tax tax planning audit Non-Profits 130

Going Concern

SEPTEMBER 29, 2023

Firm Watch Armanino Welcomes Janover, Strengthening its New York Presence and Adding Experienced Leaders with a Client-Focused Approach and Emphasis on Innovative Problem Solving [ Business Wire ] Armanino LLP announced that Janover, a New York-based CPA and Advisory firm, is joining Armanino.

auditor 97

auditor audit New York CPA 97

ThomsonReuters

APRIL 9, 2021

Employers were reimbursed with a payroll tax credit or a refund if the cost exceeded their tax liability. Credits were claimed through Form 941, the quarterly employment tax return. The credit will be against the employer’s share of Medicare tax. in February.

Hawaii 98

Hawaii payroll tax South Dakota payroll 98

Shay CPA

DECEMBER 2, 2022

Founders – check out our tips below that can save your Startup thousands of dollars in Income Taxes, Payroll Taxes, Sales Taxes, and foreign taxes. . R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits?

Tax 59

Tax CPA tax planning payroll tax 59

Going Concern

SEPTEMBER 1, 2023

The professional and business service sector added 19,000 jobs, including 2,700 in accounting, tax preparation, bookkeeping and payroll services. Law & Order Co-Owner of Media Brokerage Firm Pleads Guilty to Filing a False Tax Return [ Department of Justice ] According to court documents and statements made in court, Susan K.

Account 98

Account accountant accounted audit 98

SkagitCountyTaxServices

DECEMBER 30, 2021

In almost every case, you make this election when you file your entity tax return (often on March 15th), and it will then enable you to claim that deduction on your personal return. There are nuances state by state (for instance, the deadline to have made this election in New York has already passed).

Tax 74

Tax CPA tax return New York 74

Shay CPA

MARCH 22, 2023

You should be aware that the overall changes to Section 174 potentially impact your Qualified Small Business Stock taxes (Section 1202). Additionally, if you live in a state that imposes a Capital Base Tax (e.g., New York), this also impacts that base rate.

Tax 52

Tax accounting principles accounting and finance income tax 52

Going Concern

SEPTEMBER 18, 2023

Sierra, a 23-year-old associate in New York is feeling “horrible” pressure to perform so she is not laid off. Reached by phone, a representative of a newly re-worked firm said the man who did the tax returns retired due to medical issues. That’s all I’ve got for now.

audit 63

audit Account accountant accounted 63

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. Although telecommuting raises many concerns, some of these central issues put into focus are: Income and sales tax nexus.

tax planning 52

tax planning Tax income tax New York 52

inDinero Tax Tips

MARCH 13, 2023

An LLC’s profits and losses pass straight through to the owners and are taxed as part of their income. In contrast, the profits you earn in an S corp are taxed separately. You can choose to become an employee of the S corp, be paid a reasonable salary, and incur payroll taxes on those wages. The LLC partners have 3.5

income tax 52

income tax Non-Profits payroll tax Tax 52

inDinero Tax Tips

MARCH 13, 2023

An LLC’s profits and losses pass straight through to the owners and are taxed as part of their income. In contrast, the profits you earn in an S corp are taxed separately. You can choose to become an employee of the S corp, be paid a reasonable salary, and incur payroll taxes on those wages. The LLC partners have 3.5

income tax 52

income tax Non-Profits payroll tax Tax 52

ThomsonReuters

MARCH 15, 2021

A new COVID-19 relief bill was just signed into law and Spring is just around the corner. Now, let’s take a look at this past week in payroll and go over a few of the more interesting stories buzzing about in the industry. Federal News. The IRS explains that EFTPS will soon have a new option to select deferral payment.

payroll 98

payroll Connecticut Massachusetts income tax 98

MyIRSRelief

MAY 15, 2024

Handling Volunteer Labor and Related Issues Nonprofits often utilize volunteers, but this can lead to tax-related complexities, particularly concerning reimbursement and compensation. Common 990 Compliance Issues: preparation & planning Misclassification of volunteers as employees, leading to potential payroll tax liabilities.

Tax 130

Tax payroll tax payroll tax preparation 130

ThomsonReuters

JUNE 28, 2021

Although it is possible to automate payroll systems to account for these minimum wage increases, it is a good idea for payroll professionals to be aware of these changes to avoid the possibility of underpaying employees. New York: $15.00 Now let’s go over some federal and state payroll stories from the past week.

payroll 52

payroll income tax California North Dakota 52

ThomsonReuters

JUNE 11, 2024

Employers and payroll professionals face a complex web of challenges while managing remote and hybrid work arrangements, particularly concerning state income tax withholding and compliance with varying state labor laws. And there are more than just tax challenges an employer may face when employees work remotely.

accounting firms 59

accounting firms Account accountant accounted 59

PYMNTS

MAY 27, 2016

According to the firm, the latest investment, led by Santander InnoVentures, UBS, Eaton Vance and New York Life, will help SigFig connect with top financial institutions who are strategically placed to link investors with SigFig’s services. According to the firm, the backing will be used to enhance back-end systems.

B2B 40

B2B Expense Management accounting and finance tax return 40

ThomsonReuters

JANUARY 16, 2024

For tax purposes, a payment generally applies first to stated interest that remains unpaid as of the date the payment is due, second to any loan origination fees allocable to the payment, third to any capitalized interest that remains unpaid as of the date the payment is due, and fourth to the outstanding principal.

Tax 52

Tax income tax tax planning payroll 52

Going Concern

JANUARY 20, 2023

Bergen Accountant Defrauds Insurance Fund Of $7M In Workers’ Comp: DA [ Patch ] A Bergen County accountant stands accused of defrauding a public insurance carrier of more than $7 million in workers’ compensation premiums by filing doctored payroll records that greatly reduced the size of a client’s workforce, authorities said.

auditor 91

auditor Technology audit financial statements 91

ThomsonReuters

OCTOBER 6, 2021

Each state gets to decide what matters most — your payroll, property, or sales — and in what ratio to account for them. This can make calculating state income tax complex, particularly if you do business in multiple states. A single sales factor formula , which bases taxes solely on a company’s sales within the state.

income tax 52

income tax Tax payroll Massachusetts 52

inDinero Tax Tips

APRIL 20, 2021

Delaware does tax companies. To compete for business tax income with New Jersey and New York, Delaware made incorporating within its borders easier for absentee (aka out-of-state) companies and incentivized absentee companies to do so. The Delaware franchise tax. For example, the top tax rate of 9.9%

Delaware 64

Delaware Wyoming Nevada Oregon 64

Going Concern

FEBRUARY 23, 2024

Top Remote Accounting Candidates: February 22, 2024 Law & Order Co-Owner of Media Brokerage Firm Sentenced for Filing False Tax Returns [ Department of Justice ] According to court documents and statements made in court, Susan K. From 2012 to April 2018, according to the criminal information document signed by U.S.

CPA 95

CPA Illinois auditor Iowa 95

Going Concern

AUGUST 25, 2023

A proposed amendment by the NSW Greens – aimed at the big four accounting firms Deloitte, EY, KPMG and PwC – would be an Australian first and deliver more than $50 million in extra tax to NSW, according to modelling by the party. The bill passed unanimously in the Assembly (Y: 144/N: 0) and overwhelmingly in the Senate (Y: 59/N: 2).

tax preparation 90

tax preparation CPA payroll tax Illinois 90

Going Concern

OCTOBER 27, 2023

Digital Service and 18F, both launched in 2014 to provide experienced capacity to agencies developing new technology products, like the high-profile COVIDtests.gov. At KPMG, one of the “Big Four” accounting firms, we were welcomed by a group of central New York college graduates (a mixture of Ithaca College and SUNY Geneseo alums).

CPA 81

CPA auditor accounting and finance audit 81

Going Concern

DECEMBER 23, 2022

This year, when its US arm severed ties with Donald Trump after years of working with the former president and amid the New York Attorney General’s investigation into the Trump Organization. Trump tax controversy fuels passage of presidential audits bill [ POLITICO ].

Tax 80

Tax auditor audit tax return 80

ThomsonReuters

MARCH 1, 2021

This makes a business’s payroll department very important since it is typically an employer’s greatest expense. And arguably the most important (and challenging) time to be a payroll professional, is during the period known as “year-end.” This can make March an interesting month for payroll professionals. Federal News.

payroll 98

payroll Tax Virginia Texas 98