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 Tax 97

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

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 125

California Sales Tax Pennsylvania 125

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 157

Sales Tax Ohio Nebraska 157

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 tax return 120

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 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. People face a July 17 deadline to file their returns. million people across the U.S.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

MARCH 31, 2023

Privacy rules prevent government officials from discussing the specifics of any tax return. How do estate and gift taxes work?

Tax 132

Tax tax return income tax Pennsylvania 132

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

CPA Practice

MARCH 30, 2023

Privacy rules prevent government officials from discussing the specifics of any tax return. How do estate and gift taxes work?

tax return 111

tax return income tax Tax Pennsylvania 111

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 tax planning public accounting 52

inDinero Accounting

DECEMBER 5, 2023

If you want to dive deeper into this topic, you can connect with one of the experts on our business tax services team. QSBS Rules for Qualification QSBS Tax Treatment How to Report QSBS on Your Tax Return Conclusion What is the QSBS Exemption? This would come to a capital gains tax bill of $140,000 ($500,000 * 0.28).

tax return 52

tax return Mississippi Wisconsin Tax 52

Anders CPA

SEPTEMBER 28, 2022

Many states don’t require a company to collect tax if all they provide is nontaxable services. How a state may define SaaS could determine if a company is required to file a sales tax return in a particular state, regardless of if SaaS is actually taxable by law within that given state.

Rhode Island 52

Rhode Island West Virginia South Dakota South Carolina 52

CPA Practice

MARCH 18, 2024

Is long-term care insurance tax deductible? If you are eligible, you can deduct premiums for long-term care insurance on your federal income tax return. Is California considering a long-term care tax? To be deductible, those premiums must exceed 7.5% of your adjusted gross income.

payroll tax 59

payroll tax Washington payroll Tax 59

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 Tax 98

CPA Practice

AUGUST 15, 2023

Ann is a graduate of the Wharton School at the University of Pennsylvania. Gail is the author of over 30 books (including Mint.com For Dummies , The Idiot’s Guide to Introductory Accounting , and Surviving Financial Downsizing: A Practical Guide to Living Well on Less Income ), and she maintains a small tax practice.

Tax 52

Tax North Carolina Indiana CPA 52

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 93

Illinois CPA audit tax return 93

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 Nevada California New Jersey 89

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 Real Estate Washington 106

ThomsonReuters

JUNE 22, 2021

Beginning July 1, new forms will be used to report withholding tax. Form TRD-41414, Wage Withholding Tax Return, will be used to report withholding from payments to employees. Form TRD-41409, Non-Wage Withholding Tax Return, will be used to report withholding from non-wage payments. Pennsylvania. New Mexico.

payroll 72

payroll Virginia Utah West Virginia 72

ThomsonReuters

FEBRUARY 9, 2022

The DOL also has a list of potential FUTA credit reduction states for tax year 2022, which includes California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, New Jersey, New York, Pennsylvania, and the U.S. This comes to an additional $21 in FUTA tax per employee to the $7,000 annual taxable wage base.

payroll 98

payroll California Connecticut Tax 98

CPA Practice

JANUARY 3, 2024

Floridians can buy many items tax-free for about two weeks, until Jan. Property taxes by state Pennsylvania residents can now benefit from an increase in the rent/property tax rebate, which has gone up from $650 in 2023 to $1,000 this year in 2024. Massachusetts now has one of the highest child tax credits in the U.S.

Tax 128

Tax Kansas income tax Montana 128

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

Going Concern

FEBRUARY 26, 2024

” Pennsylvania Auditor General Timothy L. Price and his tax return preparation business, Price’s Accounting Firm Inc., from preparing federal income tax returns for others. Over the years, they prepared thousands of fraudulent returns, causing over $3.5 million in tax loss to the IRS.

audit 59

audit Mississippi auditor tax return 59

CTP

FEBRUARY 29, 2024

Casual gamblers can determine their net taxable income from gambling wins and losses in New Jersey and Pennsylvania. Your clients can also consult a tax attorney if they are new to professional gambling and unsure how to proceed. The expert can help them avoid tax mistakes, fines, and legal issues.

Gambling 105

Gambling Tax Account accountant 105

CPA Practice

APRIL 10, 2023

States typically take one of five different approaches to taxing accommodations: A single, statewide tax on accommodations but no additional local taxes (e.g., Connecticut, Maine, New Hampshire) A combined state/local sales tax on accommodations and local jurisdictions can impose an additional local accommodations tax (e.g.,

Tax 86

Tax West Virginia Wisconsin Virginia 86

ThomsonReuters

JUNE 28, 2021

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. Alabama has announced tax filing and payment extensions to state taxpayers affected by Topical Storm Claudette. This includes withholding taxes.

payroll 52

payroll income tax California North Dakota 52

CPA Practice

APRIL 16, 2024

The Bidens paid a penalty in the amount of $285 for not making enough estimated federal income tax payments before filing the return. The White House noted that this was the 26th year the Bidens publicly disclosed their tax returns, offering an implicit contrast with former President Donald Trump. ©2024 Bloomberg L.P.

Tax 111

Tax income tax tax return Pennsylvania 111

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 229

Sales Tax Missouri Wisconsin 229

Going Concern

JULY 8, 2022

Plus, Pennsylvania accountant loves tax evasion, North Carolina CPA indicted on securities fraud charge, and Kentucky accountant gets jail time for sex trafficking. Hammer, who pleaded guilty in August 2018 to one count of filing a false tax return, was the financial officer for various companies controlled by Michael D.

North Carolina 52

North Carolina Account accountant accounted 52