TaxConnex

AUGUST 7, 2025

Sales tax compliance is one of the most underestimated risk areas for growing businesses. Your First Line of Defense - Documentation Keeping complete and accurate sales tax records is one of the most effective ways to make an audit go smoothly. The rules are complex, vary by state, and change over time.

audit

TaxConnex

JANUARY 9, 2025

northern states, having customers or clients in Canada can happen easily, but what sales tax rules apply? The same but different Canadas sales tax situation resembles that of the U.S. Canada now even has sales tax holidays.) northern neighbor also has less scattershot sales tax obligations than U.S.

Sales

MyIRSRelief

NOVEMBER 1, 2024

S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help S Corporations , often referred to as S Corps, are a popular business structure in the United States, particularly among small to medium-sized businesses. However, navigating the tax landscape for S Corps can be complex.

tax preparation

TaxConnex

JULY 24, 2025

Sales tax compliance software can seem like a valuable resource to remote sellers who struggle to calculate what they must collect from customers and remit to some of the more than 10,000 state and local tax jurisdictions around the country. How to know the best sales tax calculator solution for your business?

Sales

TaxConnex

DECEMBER 17, 2024

The excitement of years end can push all kinds of taxes to the back of your mind. But its a good idea to look out for how a new year can mean new sales tax obligations for you and your online business. We generally recommend that companies begin monitoring their nexus requirements when sales reach $100,000 in a state.)

Sales

TaxConnex

JUNE 10, 2025

Many companies don’t think about how to handle sales tax obligations until it’s too late. Previously we looked at how such back-office functions as the general ledger , tax calendar and billing system can cause problems with your sales tax compliance. It’s just sales tax.

Sales

inDinero Tax Tips

OCTOBER 22, 2024

You may have heard that Nevada LLC taxes are favorable to business owners. This is true if you plan to do business there, but keep in mind it’s rarely advantageous for out-of-state businesses to incorporate somewhere other than their home state; taxes accrue where you do business, not where you incorporate.

Nevada

MyIRSRelief

OCTOBER 11, 2024

Enrolled Agent: Comprehensive Tax Services for Individuals and Businesses When it comes to managing your taxes, finding a qualified and reliable tax professional is crucial. An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and is empowered by the U.S.

tax services

CPA Practice

OCTOBER 28, 2024

Whether due to a failure to file reports, pay taxes, or meet regulatory obligations, there may be a time when a company falls into bad standing. Most importantly, it saves on the costs associated with continuing to operate after the new year, such as fees as taxes. By Nellie Akalp. When this occurs, dissolution may be a solution.

tax return

CPA Practice

NOVEMBER 11, 2024

What you’ll learn: Automating sales tax returns: Simplify calculations, preparation, and filing for even the most complex tax environments. Diana DiBello has spent over 25 years working with various industries in supporting the sales and use tax function. Plus, earn free CPE credit!

Tax

Xero

DECEMBER 9, 2024

This month, we’ve introduced updates designed to help you to get paid faster, streamline tax rules and regulations compliance, and manage your sales tax with ease. With enhancements from the ability to send invoices via SMS to improvements in Xero Tax and sales tax reporting, we continue to make Xero even better.

bookkeeping

CPA Practice

NOVEMBER 6, 2024

For every dollar they paid in, they would get tax deductions of about $4.50. Now that longtime accountant, Herbert Lewis, is heading to federal prison for his role in promoting and selling illegal tax shelters. Recorded conversations quoted in court documents illustrate his sales pitch. “I million in restitution.

CPA

Withum

DECEMBER 4, 2024

The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. Please work with your tax advisor for future planning.

Tax

Shay CPA

JULY 16, 2025

Over the last 20 years of being an accountant, I’ve opened my fair share of mail to find tax notices so daunting they could wake you in cold sweat. These letters—from federal, state, or city agencies—might demand income tax, franchise tax, sales tax, unemployment insurance, or workers’ compensation.

Delaware

CPA Practice

JULY 24, 2025

The link between value and pricing: Tax firms need to recognize that pricing should reflect the value of services and the outcomes they deliver, not just the time spent. Jason Bramwell Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals.

Technology

Accounting Today

JUNE 12, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. The tax loss totaled $356,881. All rights reserved.

Tax

Withum

AUGUST 5, 2025

As businesses evaluate capital investments in production facilities, understanding the tax implications is crucial. Businesses should carefully evaluate these specific criteria as part of their broader tax planning strategy to maximize available benefits and secure compliance. Sales and marketing activities. Lodging and parking.

tax planning

Accounting Today

JUNE 13, 2025

TaxPlanIQ adds new features Pavel Bolotov/pashabo - stock.adobe.com Tax planning solutions provider TaxPlanIQ rolled out several new features. A Multi-1040 Uploader and Opportunity Analyzer allows bulk upload of up to 100 client returns at once. All rights reserved. Another feature will auto-redact client information on upload.

Technology

Accounting Today

JUNE 17, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers. Tax Foundation ( [link] ): Illinois policymakers should think twice before taxing GILTI. Tax Review Board. All rights reserved.

E-commerce

Mark Lee

NOVEMBER 18, 2024

Our clients typically want and value someone competent and experienced to help them satisfy their legal obligations to file annual accounts and tax returns, to work out how much tax they need to pay, to help them arrange their affairs to pay the minimum amount of tax that will be legally acceptable and so on.

accountant

Accounting Today

JUNE 19, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. million in taxes on income he earned from his business.

Tax

TaxConnex

JULY 29, 2025

If your sales tax obligations have gotten ahead of you – and you owe back taxes – you have a few tools to mitigate your problem. You can refund collected sales tax to your customers, or you can proactivity register with a jurisdiction and pay what you owe. A VDA can make the sometimes-hefty penalties disappear.

tax return

CPA Practice

JULY 7, 2025

In parallel with his public service, he is in the early stages of co-founding an estate planning and estate tax firm alongside his wife, who is also a licensed CPA. Property and Fiscal Office on accounting programs, financial systems, and operational business processes.

cpas

Going Concern

OCTOBER 10, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

Real Estate

Going Concern

JUNE 5, 2025

If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not alone—and you’re not out of options. Whether you’re looking for talent in tax, audit, accounting, or project-based roles, we’ve got candidates worth your time. We’ve Got You Covered.

Real Estate

ThomsonReuters

JUNE 12, 2025

When Adobe set out to remove 40% of the customization from its SAP system for managing indirect taxes, Thomson Reuters ONESOURCE Determination was the only solution that could meet its compliance needs and address the growing complexity of sales and use tax, VAT, GST, and industry and country-specific tax and business requirements around the world.

Tax

ThomsonReuters

JUNE 18, 2025

The state and local tax (SALT) deduction has been a fixture of the U.S. tax code for many years, providing significant financial benefits to a large number of taxpayers. The current SALT cap, which applies to tax years 2018-2025, is set at $10,000 ($5,000 if married filing separately). Jump to ↓ What is the current SALT cap?

income tax

SkagitCountyTaxServices

MARCH 6, 2025

And unfortunately, its not mostly the fun stuff keeping you busy its things more on the housekeeping side of running your business, like meeting tax and other important government deadlines. Monday, March 17 : S corporation and partnership tax returns are due for calendar-year businesses. Very Newton-esque.

tax return

Withum

JULY 15, 2025

As important as it is for a company to have its financials in order, the same can be said when it comes to taxes. When contemplating the sale of a business, a seller should consider the value that a Tax Factbook can bring. What Is a Tax Factbook? Ultimately, a Tax Factbook has many benefits.

Tax

Going Concern

AUGUST 7, 2025

If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not alone—and you’re not out of options. Whether you’re looking for talent in tax, audit, accounting, or project-based roles, we’ve got candidates worth your time. We’ve Got You Covered.

Real Estate

ThomsonReuters

OCTOBER 29, 2024

The rise of continuous transaction controls (CTCs)—and the increasing number of other digital real-time controls being implemented every year—makes managing indirect tax more complex and riskier than ever. Webinar Digital transformation for end-to-end indirect tax compliance Watch on-demand That’s where digital transformation comes in.

Technology

Basis 365

APRIL 15, 2025

Investing Activities : Records cash flows related to long-term asset purchases or sales. Why Accrual Accounting is Necessary Many business owners mistakenly believe their books should mirror their tax returns, which are often filed on a cash basis.

accrual accounting

Withum

JANUARY 13, 2025

The application window for the Massachusetts Life Sciences Center Tax Incentive Program is now open. This program offers lucrative tax savings to eligible companies and the current application requirements include several modifications from past years, reducing barriers on several aspects of the application criteria. 62, 6(m) and c.

Massachusetts

ThomsonReuters

JULY 29, 2025

He was stepping into a world of 700 annual tax returns, manual work papers, and the kind of grueling tax seasons that leave practitioners questioning their career choices. For years, the firm relied on manual work and paper preparation, a time-intensive process that consumed countless hours during tax season.

cpa firm

CPA Practice

JULY 14, 2025

Mary Girsch-Bock Professionals on the Move is a round-up of recent hiring, promotion and staffing announcements from around the accounting and tax profession. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. She is a member of the American and Pennsylvania Bar Associations.

West Virginia

Analytix Finance & Accounting

JUNE 24, 2025

Meeting tax deadlines. You must also cover benefits, payroll taxes, office space, equipment, software licenses, and ongoing training. Professional accounting firms employ specialists in various areas including tax planning, financial analysis, compliance, and industry-specific regulations. Tracking expenses.

accountant

Going Concern

JANUARY 9, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

Real Estate