TaxConnex

JUNE 6, 2023

It also offers complex sales tax obligations you may not know about. If you sell in Europe, you know about the value-added tax (VAT) on online sales, which is applied at each stage of the supply chain and with rates generally applied at a country level and exceptions on certain products. has taxes on sales too – a lot of them.

Sales 130

Sales Tax South Dakota Alaska 130

CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. Social Security Tax : Employers and employees each contribute 6.2%

payroll tax 110

payroll tax West Virginia payroll cpas 110

CPA Practice

FEBRUARY 11, 2023

After several days of requests by taxpayers, state agencies and the National Taxpayer Advocate , the Internal Revenue Service has provided clarifying the federal tax status involving special payments made by 21 states in 2022. Alaska is in this group as well, but please see below for more nuanced information.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

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. The Act would restore the 12.5%

Tax 52

Tax tax return Missouri Oregon 52

Anders CPA

MAY 23, 2023

Remote workers have become a staple of the workplace, but hiring out-of-state employees can lead to payroll tax complications. Multi-state payroll tax withholding done incorrectly can lead to penalties and interest for employers and create tax headaches for employees.

payroll tax 98

payroll tax payroll Rhode Island Tax 98

CPA Practice

JUNE 13, 2023

TNS) A backlog of claims for the employee retention credit (ERC) has piled up before the IRS, as business owners seek out the retroactive tax credit. Take the case of Alicia Chapman, CEO of the Portland, Oregon-based metal manufacturer Willamette Technical Fabricators. By Melissa Angell, Inc.

tax return 111

tax return Oregon payroll tax Tax 111

CPA Practice

APRIL 10, 2023

Still, whatever discomfort I experience when booking a room has nothing on what lodging platforms have to endure to comply with the multitude of lodging tax requirements in the United States. We talk a lot about how complicated sales tax compliance is at the Avalara Tax Desk, and it is. Sometimes you just have to go with it.

Tax 85

Tax West Virginia Wisconsin Virginia 85

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax.

Delaware 52

Delaware Nevada Tax Sales 52

ThomsonReuters

JULY 10, 2023

Jump to: What is sales tax? Sales tax varies by state What is nexus? What is excise tax? What is VAT tax? Sales tax vs. use tax Summary Sales tax, which is a consumption tax levied on the sale of goods and services, is an important source of revenue for governments at the state and local levels.

Sales 98

Sales Tax Michigan Washington 98

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. Under the law, taxpayers usually have three years to file and claim their tax refunds.

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. Under the law, taxpayers usually have three years to file and claim their tax refunds.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

MyIRSRelief

JULY 3, 2023

Contact us for professional tax help today! During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. What Skills Should I Look for in a Tax Professional for ERC Audit Representation? Understanding ERC IRS Audits 1.1

audit 130

audit North Carolina Oklahoma Ohio 130

CPA Practice

NOVEMBER 3, 2023

Imagine isolating just the tax industry’s revenue for 2022 ($13.6B), and then divide that by the total workforce (265,460). If today’s tax accountant brings in an average of $51,398 in revenue, what will that number look like a decade from now? Labor productivity measures economic output against labor input. Fifty years hence?

Account 124

Account accountant accounted Technology 124

ThomsonReuters

JUNE 22, 2021

But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax. State by State Payroll Tax Changes. Beginning July 1, new forms will be used to report withholding tax.

payroll 72

payroll Virginia Utah West Virginia 72

PYMNTS

NOVEMBER 10, 2017

For more insights on the state of payments for rideshare workers, PYMNTS recently spoke with several Oregon-based rideshare drivers about their experiences getting paid through their service. Deep Dive: Direct Deposits and Tax Returns. When tax time rolls around, eight out of 10 U.S.

tax return 40

tax return Oregon Tax Account 40

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Three other states—Nevada, Oregon, and Wyoming—decided to make incorporation in their state more appealing. Delaware does tax companies. With so few taxes, how does Delaware rake it in? and 11:59 p.m.

Delaware 64

Delaware Wyoming Nevada Oregon 64

ThomsonReuters

FEBRUARY 6, 2024

Jump to: What is direct tax? What is indirect tax? Direct tax and indirect tax. The differences between direct tax and indirect tax are important to understand. The differences between direct tax and indirect tax are important to understand. Direct tax is progressive in nature.

Tax 52

Tax income tax Oregon Ohio 52

ThomsonReuters

JUNE 28, 2021

Oregon: $12.00 The IRS has issued the much anticipated revised Form 941 , Employer’s Quarterly Federal Tax Return, and its instructions for used beginning with the second quarter of 2021. Generally, if a tax filing or payment deadline falls on a weekend or legal holiday, the due date is the next business day.

payroll 52

payroll income tax California North Dakota 52

PYMNTS

APRIL 24, 2020

However, nearly 156 million Americans filed taxes last year, which leaves about 68 million Americans waiting to get their payment (although some higher-income taxpayers won’t qualify). Treasury Department sent to Democratic Senator Ron Wyden of Oregon on Thursday (April 23).

Oregon 92

Oregon tax return Tax Start-ups 92

ThomsonReuters

AUGUST 2, 2021

The IRS has updated its lengthy list of FAQs on paid sick and family leave tax credits under the American Rescue Plan Act (ARPA) relating to COVID-19 vaccines. Form 941 has been revised several times since the start of the pandemic due to COVID-19 tax credits available to employers. Federal News . Learn more.

payroll 52

payroll North Carolina New Hampshire Oregon 52

PYMNTS

APRIL 1, 2020

Ron Wyden of Oregon sent a letter to Mnuchin saying that, given the specific efforts of Congress to enact oversight to the bill, Mnuchin should do what he agreed to and let them know immediately about any issues with oversight, rather than waiting on Trump. So Senate Minority Leader Chuck Schumer, Sen. Sherrod Brown of Ohio and Sen.

Oregon 52

Oregon Ohio tax return Government 52

PYMNTS

JULY 29, 2020

Lawmakers want to fix a mix-up in the economic relief CARES Act laws from March that could cost small businesses $120 billion in taxes, The Wall Street Journal (WSJ) reports. That could leave millions of small businesses without a lifeline for their next tax returns.

Kansas 86

Kansas Oregon Texas tax return 86