Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. By Paige Hagy June 6 Like what you see?

auditor 59

auditor audit Technology tax preparation 59

Going Concern

JUNE 30, 2025

State lawmakers in Pennsylvania and Delaware each voted on Thursday to pass their respective CPA pathways legislation, joining a growing number of states enacting new laws to provide alternative routes to obtaining a certified public accounting license and ease the accounting shortage. in the 12 months to May 2025.

Account 103

Account accountant accounted Technology 103

Accounting Today

JUNE 6, 2025

The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details.

Technology 59

Technology audit E-commerce tax preparation 59

Accounting Today

JUNE 5, 2025

.: CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 Philadelphia: Tax preparer James J.

Tax 59

Tax tax preparation North Carolina tax return 59

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. By Paige Hagy June 6 Like what you see?

Account 99

Account accounted accountant Technology 99

Accounting Today

JUNE 9, 2025

By Daniel Hood 34m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. By Paige Hagy June 6 Like what you see?

Account 52

Account accounted accountant Technology 52

Accounting Today

JUNE 26, 2025

Pennsylvania: CPA Michael A. During the 2016 through 2022 tax years, Gibson prepared at least 135 returns containing fraudulent information, causing a loss to the IRS of at least $125,197, which Gibson has agreed to pay in restitution. New York: CPA Kimberly Johnson, Bronx, indefinite from Nov. 14, 2024, and CPA George O.

Tax 71

Tax Technology tax preparation CPA 71

Accounting Today

JUNE 9, 2025

In contrast, a group of 13 Republican moderates, led by Pennsylvanias Brian Fitzpatrick and Virginias Jen Kiggans, urged senators to make changes that would benefit renewable energy projects, many in Republican districts, that came about through President Joe Bidens Inflation Reduction Act. By Paige Hagy June 6 Like what you see?

Tax 52

Tax Technology West Virginia audit 52

Going Concern

MAY 9, 2025

accountant filed 177 false tax returns on behalf of clients, feds say [ NJ.com ] A Bergen County woman was sentenced to three years in prison and must pay back over $1 million after admitting to filing 177 false tax returns on behalf of clients, officials with the U.S. Accountants Behaving Badly N.J.

Pennsylvania 52

Pennsylvania CPA auditor tax return 52

TaxConnex

JANUARY 30, 2024

States seem to believe that marketplace facilitators – most of which are much larger than most retailers – constitute a rich source of tax revenue. Take Iowa , where marketplace facilitators who generate $100,000 or more in sales must get an Iowa retail sales tax permit and file sales tax returns.

Iowa 264

Iowa Pennsylvania Illinois Sales 264

TaxConnex

DECEMBER 10, 2020

The company has paid nearly $69,000 in restitution for sales tax it collected and failed to pay to state coffers between June 2011 and December 2015. The case was referred to investigators after an auditor found that the business hadn’t filed quarterly sales tax returns or remitted sales tax collected for that period.

Sales 240

Sales Tax Ohio Nebraska 240

TaxConnex

MARCH 2, 2021

Estimates reportedly said the tax will generate up to $250 million but opponents promise legal challenges. Maryland has also extended time free of interest and penalties to file sales and use tax returns due between Jan. This affects returns for sales taking place from December through this month.

Sales 247

Sales Tax Missouri Wisconsin 247

TaxConnex

JUNE 11, 2024

Additional concerns Some states apply different rates to tax types and some states have different tax returns for different types of tax. Some states, like Pennsylvania , require periodic renewal of sales tax permits. The states will use this information to determine how frequently you will need to file.

Sales 264

Sales Tax North Dakota Nebraska 264

Withum

JANUARY 2, 2024

Pennsylvania Senate Bill 815, signed into law on December 14, 2023, amended the Pennsylvania tax code to recognize irrevocable grantor trusts for tax years beginning after January 1, 2025. These transactions will now be disregarded for Pennsylvania income tax purposes as well.

Pennsylvania 78

Pennsylvania income tax Tax tax return 78

CPA Practice

FEBRUARY 11, 2023

The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2022 tax returns. Other payments Other payments that may have been made by states are generally includable in income for federal income tax purposes.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

TaxConnex

JANUARY 26, 2023

Among them: Online sellers will challenge more states’ concept of nexus and warehouses – especially for storing inventory for marketplace facilitators such as Amazon, subject of a recent victory for sellers in Pennsylvania. A state court there found that having inventory at such a facility was insufficient to create nexus.

Sales 130

Sales Tax Arkansas Missouri 130

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 South Dakota 122

CPA Practice

APRIL 9, 2024

Compliance and Reporting Ensuring compliance with payroll tax regulations involves timely and accurate reporting to various tax authorities. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Filing tax returns and remitting payments on time.

payroll tax 110

payroll tax West Virginia payroll cpas 110

CPA Practice

OCTOBER 4, 2024

For the 2025 tax filing season, Direct File will also be available in Alaska, Connecticut, Idaho, Kansas, Maine, Maryland, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania and Wisconsin. It guides taxpayers through a series of questions to prepare their federal tax return step-by-step.

Alaska 126

Alaska South Dakota North Carolina tax return 126

TaxConnex

SEPTEMBER 28, 2023

Should you register for sales tax, seller’s use tax or consumer’s use tax? As a seller, you will likely register for either sales tax or seller’s use tax. Some states apply different rates to tax types and some states have different tax returns for different types of tax.

Sales 147

Sales Tax West Virginia North Dakota 147

Snyder

JUNE 9, 2022

State income taxes. Business income taxes. Local income taxes. Assessment tax return and short tax return. Income tax deadlines. Income tax extension: when is the last day to file income tax? Federal income tax brackets 2021 vs IRS income tax brackets 2022.

income tax 52

income tax tax return E-commerce Tax 52

Withum

DECEMBER 19, 2022

Whether they grew up playing in the parks of Hershey, Pennsylvania, the frequent downpours of Oxfordshire, UK, the bitter cold of Detroit, Michigan, or the manicured training fields of Borussia Dortmund, most aspiring pro soccer players dream of playing in the World Cup. This results in a US tax bill of about $111,000.

income tax 120

income tax Michigan Pennsylvania Sports 120

CPA Practice

OCTOBER 12, 2023

Also exempt from the tax: Gross receipts from the retail sale of any firearm, firearm precursor part, or ammunition by any licensed firearms dealer, firearms manufacturer, or ammunition vendor in any quarterly period in which their total gross receipts from the retail sales of firearms, firearm precursor parts, or ammunition is less than $5,000.

California 124

California Sales Tax Pennsylvania 124

TaxConnex

JUNE 1, 2023

So, is cancelling your sales tax registration simple? Process varies by state Cancelling can be as straightforward as writing “Final” on your sales tax return. If you do not, you may receive Notices of Delinquency from the Division of Taxation for any tax returns due but not filed.” And do you always want to do it?

Sales 130

Sales Tax New Jersey North Carolina 130

CPA Practice

AUGUST 27, 2024

There are a few other differences you should know : Real estate property does not necessitate filing a tax return; an assessor estimates the value of your property and sends you a notice detailing the valuation and taxable amounts. When it’s time to pay, you’ll receive a real property tax bill in the mail.

Rhode Island 115

Rhode Island Tax Real Estate tax return 115

Cherry Bekaert

AUGUST 25, 2023

Auto Dealership 1 Auto Dealership 1 is a franchised group of six automotive dealerships headquartered in Pennsylvania. These dealerships also conduct business in Pennsylvania. There are a few important things to remember when claiming the ERC tax credit.

Pennsylvania 97

Pennsylvania Government tax return Healthcare 97

CPA Practice

SEPTEMBER 12, 2024

Earlier in his career, Burke held several progressive managerial roles in financial services, including serving as executive vice president and chief lending officer at Wayne Bank, where he managed the overall sales, service, and operations of the commercial banking division across Pennsylvania and New York. Hollerich holds a B.A.

Kansas 104

Kansas Pennsylvania audit accounting and finance 104

TaxConnex

JUNE 6, 2023

Your inventory warehoused by a marketplace facilitator in a particular state could create physical nexus, although a local court did recently rule that sellers’ inventory did not do so in Pennsylvania. Local sales taxes can also apply, especially in home-rule states like Colorado, Illinois and Alabama.

Sales 130

Sales Tax South Dakota Alaska 130

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. Contact us for professional tax help today! Certain factors, such as high claim amounts or inconsistencies in reported data, may trigger an audit.

audit 130

audit North Carolina Oklahoma Ohio 130

ThomsonReuters

FEBRUARY 1, 2021

The FUTA tax rate is currently 6.0% FUTA tax credit reduction when they file their Form 940 (Employer’s Annual Federal Unemployment (FUTA) Tax Return), resulting in a net FUTA tax rate of 0.6%.FUTA on the first $7,000 in wages per employee each year. However, employers generally receive a 5.4%

Hawaii 89

Hawaii California Nevada New Jersey 89

Anders CPA

MAY 23, 2023

State Payroll Reciprocity Agreements It’s possible for remote or out-of-state workers to be taxed twice, but this double taxation can be resolved by the taxpayer when preparing their state tax returns. The taxpayer would then be refunded for taxes withheld unnecessarily from their paycheck.

payroll tax 98

payroll tax payroll Rhode Island South Dakota 98

Going Concern

OCTOBER 7, 2022

copied and used its mark with the intent to trick consumers into buying a knockoff services, the US District Court for the Eastern District of Pennsylvania said. Graham, Washington, man pleads guilty to tax fraud and aiding and assisting with false tax returns [ Department of Justice ]. Attorney Nick Brown.

Illinois 98

Illinois CPA financial statements accounting firms 98

Withum

FEBRUARY 21, 2022

On February 1st, Olga was featured in a segment titled Tax Filing Tips for What to Looks for on IRS Letters 6419, 6475. The piece gave helpful information for people who were impacted by the Child Tax Credit and the Third Economic Impact Payment and how they can receive their tax returns as quickly as possible.

Pennsylvania 52

Pennsylvania tax return public accounting tax planning 52

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 South Dakota West Virginia 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 South Dakota West Virginia North Dakota 52

CPA Practice

OCTOBER 18, 2024

Venus Tuazon, CPA Director CliftonLarsonAllen Venus has more than 18 years of public accounting experience supporting the DC Metro Area’s nonprofit community, providing services to a variety of complex tax-exempt organizations, including independent schools, human services, foundations, associations, religious, and cultural sectors, and others.

CPA 110

CPA Non-Profits cpas Washington 110

CPA Practice

MAY 17, 2023

Most states tax personal property owned by businesses and require businesses to complete and file a personal property rendition every year. The exceptions to that rule are Delaware, Hawaii, Illinois, Iowa, Minnesota, New Hampshire, New Jersey, New York, North Dakota, Ohio, Pennsylvania, and South Dakota.

South Dakota 106

South Dakota North Dakota Washington Real Estate 106