TaxConnex

NOVEMBER 3, 2020

There’s always something changing or new going on in the world of tax, especially sales tax. In Alabama , tax licenses – including for sales tax, sellers use tax and the simplified sellers use tax – must be renewed annually as of Nov. New York City tax revenues in March and April fell $1.15

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Sales Tax Wisconsin Vermont 223

Basis 365

FEBRUARY 15, 2023

It's OK to ask an outsourced accountant for help with your daily books. Before we get into the reasons, let's first look at how the duties of accountants and bookkeepers differ. This will allow you and your accountant to make better financial decisions. Why not hire bookkeepers and tax accountants for the year?

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TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. Food for thought. Time for a renovation?

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Sales Tax Colorado Massachusetts 192

TaxConnex

MAY 11, 2021

Both the process of reporting sales tax and the level of sales tax detail required varies from state to state. Some reporting requirements that should be considered in your sales tax compliance process are: 1. In most states, sales tax is reported to the individual state. Know your Deadlines.

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Sales Tax Colorado tax return 131

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. File away R&D tax credit and pandemic aid documentation. Workers’ compensation. Washington.

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SMBAccountant

MARCH 6, 2024

In contrast, accrual accounting records transactions when they occur, offering a more accurate depiction of the company’s financial position over time by matching revenues with expenses. Book Accounting and Tax Accounting Small businesses may notice differences between book accounting and tax accounting.

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TaxConnex

FEBRUARY 28, 2023

“Services” are generally not subject to sales tax while tangible personal property generally is subject to sales tax. Kentucky is the latest in terms of taxing specific services. The Bluegrass State looks to expand sales tax on what it calls high-growth services. Get in touch to learn more.

Kentucky 147

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CTP

OCTOBER 26, 2021

However, in the world of tax accounting, goodwill refers to intangible assets that increase a company’s value. The post Tax Planning for a Business Sale: Factoring in Goodwill appeared first on certifiedtaxcoach. The post Tax Planning for a Business Sale: Factoring in Goodwill appeared first on certifiedtaxcoach.

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TaxConnex

MARCH 31, 2022

One such phrase is “sales and use tax.”. We sure know what “sales” tax is. What about Use Tax? Use tax is defined ?as as a tax on the storage, use or consumption of a taxable item or service on which no sales tax has been paid. Use tax or sales tax is due on a sale, but not both.

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Tax Alabama Washington California 188

KROST

AUGUST 11, 2021

Integrity Bio has been a client of KROST for ten years, during which time KROST provided Tax, Accounting, Consulting, R&D Tax Credit, Cost Segregation, and now, Mergers and Acquisitions services. The post Press Release: KROST Acts as Exclusive Financial Advisor for Integrity Bio in Sale to Curia appeared first on KROST.

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Sales Manufacturing California accounting and finance 52

Xero

JANUARY 30, 2024

Rental income tax: If you earn rental income, you’ll need to pay tax on it, calculated according to your tax bracket. Capital gains tax (CGT): Taxes on investment property in Australia are typically calculated based on the capital gain or loss made from a property sale.

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CPA Practice

MARCH 22, 2024

Avalara is hiring locally in all departments, Deobald said, including legal, sales and customer account management—though she noted the Triangle office has comparatively fewer engineers. tax systems is getting increasingly complicated, as state and local governments find new (and politically tolerable) ways to raise revenue.

North Carolina 59

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ThomsonReuters

JANUARY 28, 2022

If you spend a lot of time hiring temporary employees just to help with tax season, you could be missing out on a lot of potential talent—those employees who are looking for long-term positions. Tax accountants who only need office space for a few months out of the year must spend a lot of time before tax season looking for good options.

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Cherry Bekaert

MAY 6, 2024

1031 Exchange A 1031 exchange, also known as a “like-kind exchange,” is named after Section 1031 of the Internal Revenue Code and allows investors to defer capital gains tax by exchanging real property held for business or investment purposes for similar real property that will also be held for business or investment purposes.

Real Estate 52

Real Estate Delaware Tax tax return 52

Withum

MARCH 17, 2022

Most tax accountants would not be described as “hip” and many struggle to be considered “tech savvy”. NFT sales volume totaled $24.9 For perspective, Crypto market capitalization in 2020 was $758 billion and the total sales in the NFT market in 2020 was just $340 million. Let’s be honest. billion, of which $4.8

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CPA Practice

NOVEMBER 29, 2023

There Are 2, No 3, Responsible Taxpayers in Every Sales Transaction The adoption of marketplace facilitator collection responsibilities has complicated sales tax reporting. Tangible personal property has been a cornerstone concept for both income taxation and sales taxation. Or perhaps abandon the definition altogether?

New York 52

New York Tax Connecticut New Jersey 52

CPA Practice

MAY 17, 2023

Review your property tax accounts First, it’s important to become familiar with all your property tax accounts so you can plan your return activities accordingly. This includes knowing how many personal property tax accounts your business has and which counties are tied to each account.

South Dakota 105

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CPA Practice

JANUARY 17, 2023

Wayfair case in 2018, expanding a business to make sales in another state establishes economic nexus for your clients and extends their compliance requirements. Sales tax regulations and economic thresholds vary by state, so ensure your client knows what is expected. Paying Employees in Another State.

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CPA Practice

AUGUST 17, 2023

103 in the top 500 accounting firms in the U.S. by INSIDE Public Accounting , Smith + Howard provides tax, accounting, and advisory services to businesses across the U.S. in the construction, distribution, hospitality, manufacturing, nonprofit, real estate, and technology sectors.

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Withum

MAY 10, 2024

S corporations – Typically the retiring shareholder will sell his/her stock in the S corporation to an ESOP in exchange for a note from the ESOP, and the shareholder recognizes capital gain on the sale. This tax savings allows for the payment of the principal and interest on the note and provides greater cash flow to the S corporation.

Construction 52

Construction Tax Non-Profits Sales 52

CPA Practice

FEBRUARY 14, 2024

Kevin Keane “With over a decade of experience working with inbound companies on various tax-related matters, SuárezBaldomero, P.A. Today begins a new chapter in our firm’s history, as we are welcomed by one of the most respected names in the global accounting field,” Suárez said.

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Going Concern

MAY 2, 2024

QuickBooks, Go-Systems, Oracle Remote Work Experience: Y Goal: Remote Senior Tax opportunity, CPA support, promotional opportunity Salary: $90K Time Zone: Eastern Sign up to learn more about this candidate FTE Tax and Accounting | Candidate ID #20076015 Certifications: QuickBooks Online ProAdvisor Education: BS Accounting Experience (years): 30+ (..)

Real Estate 57

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CPA Practice

JANUARY 17, 2023

A number of online events are also available to NVCPA members including the following: GAAP Alternatives: The Perfect Storm of Accounting Updates Internal Control Fundamentals Financial & Tax Accounting for S Corporations and Partnerships Tax Practice Standards. Opposing sales tax on professional services.

CPA 124

CPA Pennsylvania Tennessee Nevada 124

Anders CPA

NOVEMBER 29, 2022

per sale, which will be paid by the customer While the fee directly impacts customers, retailers are responsible for collecting and remitting the fee Affected businesses will need to register for a Retail Delivery Fee account on the Colorado Revenue Online system. Key Takeaways: The retail delivery fee amounts to $0.27

Retail 52

Retail Colorado tax return Tax 52

CPA Practice

MAY 10, 2024

Ecroyd has split her career between in-house roles and public accounting at local and international firms. She has a wide range of SALT experience including income and franchise, sales and use, provisions, compliance, M&A and transactions work, and audits. Ecroyd is a licensed CPA in New York and Colorado.

Tennessee 52

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KROST

MARCH 9, 2022

KROST provides M&A expertise in valuation, deal negotiation, structuring, and financing, plus advice on the tax, accounting, and wealth management consequences of a transaction. “We One of the transactions we worked on was the sale of Global Oncology to The Oncology Institute (NASDAQ: TOI).

Entertainment 52

Entertainment cpas tax accountant Healthcare 52

KROST

JANUARY 19, 2022

KROST provides M&A expertise in valuation, deal negotiation, structuring, and financing, plus advice on the tax, accounting, and wealth management consequences of a transaction. “We One of the transactions we worked on was the sale of Global Oncology to The Oncology Institute (NASDAQ: TOI).

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Accounting Web

AUGUST 7, 2020

Sales Tax Accounting Top 100 Social Media Leaderboard.

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ThomsonReuters

FEBRUARY 6, 2024

Types of indirect tax There are several examples of indirect tax, which typically fall into one of three categories: Sales and services taxes Custom and excise duties Activity-based taxes Sales and services taxes In the sales and service tax category, indirect taxes may be seen on the final bill of sale or receipt.

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Randal DeHart

JANUARY 12, 2024

We know that construction businesses have unique tax considerations that can be tricky to navigate, such as complex accounting and bookkeeping challenges and issues related to payroll and sales taxes.

Construction 95

Construction Tax bookkeeping payroll 95

inDinero Tax Tips

MARCH 29, 2021

Sometimes, just for fun, we tax accountants love to quiz each other—and today you get a peek into our legendary sense of humor! The answer—both of these tax code sections might save you some serious cash if you’re planning to sell your C-corp stock. Generally, the tax on capital gains is 15% or 20% of your net sales amount.

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Going Concern

NOVEMBER 20, 2023

Top Freelance Accounting Candidates of this week: PT/FT Tax Contractor | Candidate ID #F19022786 Years of tax experience: 6 Hours available per week: 20-40 Tech Stack: ProConnect, Pro-Series, UltraTax and Go and Pro System Prefer Individual or Business Clients: no preference Business Return Experience: most comfortable with 1065 and 1120s Individual (..)

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Account accountant accounted Tax 102

Withum

JANUARY 8, 2024

Method of Accounting Many have been waiting for clarification surrounding the IRS administrative procedures that should be followed in order to adjust 2022 federal taxable income to follow the IRS interim guidance provided in Notice 2023-63 and, more recently, Notice 2024-12.

tax return 78

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Going Concern

NOVEMBER 16, 2023

Top Freelance Accounting Candidates of this week: PT/FT Tax Contractor | Candidate ID #F19022786 Years of tax experience: 6 years of tax experience Hours available per week: 20-40 Tech Stack: ProConnect, Pro-Series, UltraTax and Go and Pro System Prefer Individual or Business Clients: no preference Business Return Experience: most comfortable with (..)

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Withum

OCTOBER 11, 2023

The Internal Revenue Service (“IRS”) released Notice 2023-63 , on September 8, 2023, providing guidance surrounding the requirement to capitalize Section 174 research and experimental (“R&E”) expenditures for the 2022 taxable year.While many tax accountants and business professionals welcome the additional guidance, the timing was not ideal.

income tax 80

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Snyder

APRIL 10, 2023

Come tax season, tax accountants get buried in paperwork and do their best to save the day for businesses of different sizes. But can you ease the strain and optimize tax filing for e-commerce companies with lots of sales? Sales tax collection was a nightmare.

Sales 52

Sales E-commerce Tax Technology 52

Going Concern

SEPTEMBER 22, 2023

“The job security and the ability to have a comfortable life motivated me at first,” said Khokhar, who served as a senior accountant at two construction firms and senior auditor at an accounting firm. Khokhar earlier this year joined JPMorgan Chase as a treasury sales associate in its commercial real-estate banking division.

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Account accountant accounted CPA 113