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How To Take Advantage of Pass-Through Entity Tax in North Carolina

Cherry Bekaert

Stay Connected Following other jurisdictions that created a workaround from new requirements in the Tax Cuts and Jobs Act of 2017, North Carolina first enacted their pass-through entity tax (PTET) election through North Carolina Bill 105. These elections became available to businesses on January 1, 2022.

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Scott Reddersen Awarded 40 Under 40 Honor by Washington Business Journal

Withum

Scott has over 15 years of experience and specializes in tax compliance and planning for high-net-worth individuals. He leads the Tax Service Line out of Withum’s DC metro area and will soon take over as Partner-in-Charge of the DC office effective July 1.

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Dean Dorton and VonLehman to Combine on Jan. 1

CPA Practice

The firm will operate as Dean Dorton and provide accounting, business advisory, and professional services to clients from offices in North Carolina, Indiana, Ohio, and Kentucky. Dean Dorton, based in Lexington, KY, and VonLehman CPA & Advisory Firm, based in Fort Wright, KY, announced their marriage on Tuesday.

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The latest on sales tax on shipping charges (part 1)

TaxConnex

A mixed package incurs sales tax on the portion of shipping equal to that portion of the package that is taxable goods: This occurs in Arkansas, Minnesota, Nebraska, New York, North Carolina and Rhode Island. Tax-free states.

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Sales Tax on Shipping: When Does it Apply?

TaxConnex

Shipping is not taxed in Nevada, but handling is. When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required).

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Justice Department Continues Efforts to Stop Fraudulent Tax Preparers

CPA Practice

Examples of civil injunctions obtained by the Tax Division over the last year include: On Jan. The government alleged that Zio prepared tax returns claiming fabricated business income and expenses, as well as various false tax deductions.

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Tax Season Adds Extra Fraud Weight For SMBs

PYMNTS

In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). Indeed, tax season isn’t the only threat hitting SMBs, either.

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